Rep. Lisa C. McClain Purchases Shares of BlackLine (NASDAQ:BL)

Key Points

• Representative Lisa C. McClain purchased between $1,001 and $15,000 in shares of BlackLine (NASDAQ:BL) on August 13th, indicating confidence in the company's prospects.
• BlackLine reported a quarterly earnings per share (EPS) of $0.51, beating analysts' expectations of $0.50, and its revenue increased by 7.2% year-over-year.
• The stock of BlackLine has received mixed ratings from analysts, with price targets ranging from $56.00 to $68.00 and an average rating of "Hold".

Representative Lisa C. McClain (R-Michigan) recently bought shares of BlackLine NASDAQ: BL. In a filing disclosed on September 12th, the Representative disclosed that they had bought between $1,001 and $15,000 in BlackLine stock on August 13th. The trade occurred in the Representative's "CHARLES SCHWAB BROKERAGE ACCOUNT 924" account.

Representative Lisa C. McClain also recently made the following trade(s):

• Sold $50,001 - $100,000 in shares of Taiwan Semiconductor Manufacturing NYSE: TSM on 8/28/2025.
• Purchased $1,001 - $15,000 in shares of ACI Worldwide NASDAQ: ACIW on 8/19/2025.
• Purchased $1,001 - $15,000 in shares of HCA Healthcare NYSE: HCA on 8/19/2025.
• Sold $1,001 - $15,000 in shares of Amedisys NASDAQ: AMED on 8/18/2025.
• Purchased $1,001 - $15,000 in shares of Kite Realty Group Trust NYSE: KRG on 8/13/2025.
• Sold $1,001 - $15,000 in shares of ServiceNow NYSE: NOW on 8/13/2025.
• Purchased $1,001 - $15,000 in shares of JD.com NASDAQ: JD on 8/13/2025.
• Sold $1,001 - $15,000 in shares of Trade Desk NASDAQ: TTD on 8/13/2025.
• Sold $1,001 - $15,000 in shares of US Foods NYSE: USFD on 8/13/2025.
• Purchased $1,001 - $15,000 in shares of Agree Realty NYSE: ADC on 8/13/2025.

BlackLine Stock Down 3.8%

Shares of NASDAQ BL traded down $2.09 during mid-day trading on Friday, reaching $53.01. 1,623,529 shares of the company's stock were exchanged, compared to its average volume of 662,547. The firm has a market capitalization of $3.28 billion, a price-to-earnings ratio of 41.09, a PEG ratio of 9.04 and a beta of 0.95. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.61. The business has a fifty day simple moving average of $53.69 and a 200 day simple moving average of $52.24. BlackLine has a twelve month low of $40.82 and a twelve month high of $66.25.

BlackLine (NASDAQ:BL - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The technology company reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $0.01. The company had revenue of $172.03 million for the quarter, compared to analyst estimates of $170.87 million. BlackLine had a return on equity of 15.95% and a net margin of 13.05%.BlackLine's revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.58 earnings per share. BlackLine has set its FY 2025 guidance at 2.130-2.240 EPS. Q3 2025 guidance at 0.480-0.510 EPS. As a group, equities analysts expect that BlackLine will post 0.9 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Citigroup reaffirmed a "buy" rating and set a $67.00 price target (up previously from $58.00) on shares of BlackLine in a research report on Wednesday, July 16th. Truist Financial increased their price objective on BlackLine from $45.00 to $50.00 and gave the stock a "hold" rating in a report on Thursday, August 7th. JMP Securities reiterated a "market outperform" rating and set a $80.00 price objective on shares of BlackLine in a report on Thursday, September 11th. DA Davidson reiterated a "neutral" rating and set a $56.00 price objective on shares of BlackLine in a report on Wednesday, August 6th. Finally, BMO Capital Markets increased their price objective on BlackLine from $60.00 to $63.00 and gave the stock a "market perform" rating in a report on Wednesday, August 6th. Five research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $60.58.

Insiders Place Their Bets

In related news, CAO Michelle D. Stalick sold 664 shares of BlackLine stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $54.03, for a total transaction of $35,875.92. Following the completion of the sale, the chief accounting officer directly owned 23,830 shares of the company's stock, valued at approximately $1,287,534.90. This trade represents a 2.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 8.60% of the company's stock.

Institutional Trading of BlackLine

A number of hedge funds have recently made changes to their positions in the business. Hawk Ridge Capital Management LP lifted its position in shares of BlackLine by 124.3% in the first quarter. Hawk Ridge Capital Management LP now owns 1,959,945 shares of the technology company's stock valued at $94,901,000 after buying an additional 1,086,185 shares during the last quarter. Westwood Holdings Group Inc. lifted its holdings in BlackLine by 106.4% during the 1st quarter. Westwood Holdings Group Inc. now owns 1,186,347 shares of the technology company's stock worth $57,443,000 after purchasing an additional 611,499 shares during the last quarter. American Century Companies Inc. lifted its holdings in BlackLine by 7.2% during the 1st quarter. American Century Companies Inc. now owns 961,341 shares of the technology company's stock worth $46,548,000 after purchasing an additional 64,676 shares during the last quarter. Geneva Capital Management LLC lifted its holdings in BlackLine by 5.6% during the 2nd quarter. Geneva Capital Management LLC now owns 924,325 shares of the technology company's stock worth $52,335,000 after purchasing an additional 49,292 shares during the last quarter. Finally, Tensile Capital Management LP lifted its holdings in BlackLine by 17.6% during the 1st quarter. Tensile Capital Management LP now owns 871,485 shares of the technology company's stock worth $42,197,000 after purchasing an additional 130,488 shares during the last quarter. 95.13% of the stock is owned by institutional investors and hedge funds.

About Representative McClain

Lisa McClain (Republican Party) is a member of the U.S. House, representing Michigan's 9th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027. McClain (Republican Party) is running for re-election to the U.S. House to represent Michigan's 9th Congressional District. She declared candidacy for the 2026 election. Lisa McClain lives in Romeo, Michigan. McClain earned a bachelor's degree in business administration from Northwood University. Her career experience includes founding and working as the president of North End Support Team.

BlackLine Company Profile

BlackLine, Inc operates a cloud-based software platform which is designed to transform accounting and finance operations for organizations of all types and sizes. Its scalable platform supports critical accounting processes such as the financial close, account reconciliations, intercompany accounting, and controls assurance.