55,643 Shares in BlackLine $BL Purchased by Deutsche Bank AG

Key Points

• Deutsche Bank acquired 55,643 BlackLine shares worth approximately $1.56 million in the second quarter, giving it a 0.09% stake. Institutional investors collectively own 95.13% of the company.
• BlackLine exceeded quarterly expectations with EPS of $0.61 versus the $0.57 consensus and revenue of $187.82 million, up 9.1% year over year. The company provided fiscal 2026 EPS guidance of $2.47–$2.54.
• Analysts maintain a consensus “Hold” rating with an average price target of $40.08, while insiders sold 73,780 shares worth roughly $2.35 million over the past quarter.

Deutsche Bank AG bought a new position in BlackLine (NASDAQ:BL - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 55,643 shares of the technology company's stock, valued at approximately $1,562,000. Deutsche Bank AG owned about 0.09% of BlackLine as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of BL. Measured Wealth Private Client Group LLC purchased a new position in shares of BlackLine during the third quarter valued at approximately $25,000. Kestra Advisory Services LLC purchased a new stake in BlackLine in the fourth quarter worth approximately $28,000. Optiver Holding B.V. boosted its holdings in BlackLine by 13,828.6% in the first quarter. Optiver Holding B.V. now owns 975 shares of the technology company's stock worth $36,000 after purchasing an additional 968 shares during the last quarter. Leonteq Securities AG grew its position in BlackLine by 1,019.6% in the 1st quarter. Leonteq Securities AG now owns 1,086 shares of the technology company's stock worth $40,000 after purchasing an additional 989 shares during the period. Finally, Global Retirement Partners LLC grew its position in BlackLine by 306.7% in the 4th quarter. Global Retirement Partners LLC now owns 1,220 shares of the technology company's stock worth $67,000 after purchasing an additional 920 shares during the period. Institutional investors own 95.13% of the company's stock.

BlackLine Trading Down 2.2%

Shares of BlackLine stock opened at $32.98 on Friday. BlackLine has a 1-year low of $24.70 and a 1-year high of $59.57. The company's fifty day simple moving average is $29.89 and its 200-day simple moving average is $31.89. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.72 and a quick ratio of 1.72. The stock has a market capitalization of $1.92 billion, a PE ratio of 57.86, a P/E/G ratio of 2.19 and a beta of 0.64.

BlackLine (NASDAQ:BL - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The technology company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.57 by $0.04. The firm had revenue of $187.82 million during the quarter, compared to analyst estimates of $186.99 million. BlackLine had a return on equity of 20.89% and a net margin of 4.75%.BlackLine's revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.51 EPS. BlackLine has set its FY 2026 guidance at 2.470-2.540 EPS and its Q3 2026 guidance at 0.620-0.650 EPS. As a group, equities analysts anticipate that BlackLine will post 0.98 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Raymond James Financial reissued an "outperform" rating and set a $50.00 price target on shares of BlackLine in a report on Wednesday, May 6th. DA Davidson set a $30.00 price objective on BlackLine in a report on Thursday, July 9th. Truist Financial reduced their price objective on BlackLine from $50.00 to $32.00 and set a "hold" rating for the company in a research report on Thursday, May 7th. Scotiabank downgraded BlackLine to an "outperform" rating in a report on Tuesday, July 21st. Finally, Morgan Stanley reissued an "equal weight" rating and issued a $33.00 target price (down from $50.00) on shares of BlackLine in a research report on Tuesday, July 21st. Five equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, BlackLine has a consensus rating of "Hold" and an average target price of $40.08.

Insider Transactions at BlackLine

In other news, CAO Michelle D. Stalick sold 780 shares of BlackLine stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $33.65, for a total transaction of $26,247.00. Following the transaction, the chief accounting officer directly owned 34,712 shares of the company's stock, valued at $1,168,058.80. The trade was a 2.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mika Yamamoto sold 3,000 shares of BlackLine stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $28.48, for a total value of $85,440.00. Following the transaction, the director directly owned 16,692 shares in the company, valued at approximately $475,388.16. The trade was a 15.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 73,780 shares of company stock valued at $2,348,887 over the last quarter. 9.10% of the stock is currently owned by company insiders.

About BlackLine

BlackLine, Inc is a leading provider of cloud-based software solutions designed to automate and modernize the finance and accounting function. The company's flagship offering, the BlackLine Finance Controls and Automation Platform, enables organizations to streamline critical processes such as account reconciliations, journal entry management, intercompany accounting, and transaction matching. By delivering a centralized, real-time view of financial data, BlackLine helps companies improve operational efficiency, enhance compliance and strengthen internal controls.

Key products and services within the BlackLine platform include Account Reconciliation, Task Management, Transaction Matching, Journal Entry, and Intercompany Hub.

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