Fund 1 Investments LLC Makes New Investment in BlackLine $BL

Key Points

• Fund 1 Investments LLC acquired 125,000 BlackLine shares worth approximately $3.5 million, representing 0.22% of the company and 0.6% of its portfolio. Institutional investors and hedge funds collectively own 95.13% of BlackLine.
• Analysts have a consensus “Hold” rating on BlackLine, with an average price target of $40.08; ratings include five Buys, eight Holds, and two Sells.
• BlackLine exceeded quarterly expectations, reporting $0.61 in EPS versus $0.57 expected and $187.82 million in revenue, up 9.1% year over year. Meanwhile, two insiders sold shares, including director Therese Tucker’s $2.24 million transaction.

Fund 1 Investments LLC acquired a new stake in BlackLine (NASDAQ:BL - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 125,000 shares of the technology company's stock, valued at approximately $3,509,000. BlackLine comprises about 0.6% of Fund 1 Investments LLC's investment portfolio, making the stock its 27th largest holding. Fund 1 Investments LLC owned 0.22% of BlackLine as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of BL. Measured Wealth Private Client Group LLC purchased a new stake in shares of BlackLine during the 3rd quarter worth $25,000. Kestra Advisory Services LLC purchased a new position in BlackLine in the fourth quarter valued at $28,000. Optiver Holding B.V. increased 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 valued at $36,000 after buying an additional 968 shares during the last quarter. Leonteq Securities AG raised its stake in BlackLine by 1,019.6% in the first quarter. Leonteq Securities AG now owns 1,086 shares of the technology company's stock valued at $40,000 after buying an additional 989 shares in the last quarter. Finally, Global Retirement Partners LLC raised its stake in BlackLine by 306.7% in the fourth quarter. Global Retirement Partners LLC now owns 1,220 shares of the technology company's stock valued at $67,000 after buying an additional 920 shares in the last quarter. 95.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BL has been the subject of a number of recent analyst reports. Bank of America initiated coverage on BlackLine in a report on Tuesday, May 12th. They set an "underperform" rating and a $26.00 price target for the company. Weiss Ratings upgraded BlackLine from a "sell (d)" rating to a "sell (d+)" rating in a report on Tuesday, July 28th. DA Davidson set a $30.00 target price on BlackLine in a research report on Thursday, July 9th. Scotiabank cut BlackLine to an "outperform" rating in a research note on Tuesday, July 21st. Finally, Robert W. Baird set a $35.00 price target on BlackLine in a report on Wednesday, August 5th. Five equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, BlackLine currently has a consensus rating of "Hold" and an average price target of $40.08.

BlackLine Stock Performance

NASDAQ BL opened at $32.71 on Friday. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 2.12. BlackLine has a 52-week low of $24.70 and a 52-week high of $59.57. The business's 50-day moving average price is $30.47 and its 200 day moving average price is $31.59. The firm has a market cap of $1.90 billion, a P/E ratio of 57.39, a P/E/G ratio of 2.17 and a beta of 0.66.

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

Insider Buying and Selling

In related news, Director Therese Tucker sold 70,000 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $31.96, for a total transaction of $2,237,200.00. Following the completion of the sale, the director directly owned 381,557 shares of the company's stock, valued at $12,194,561.72. This trade represents a 15.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Michelle D. Stalick sold 780 shares of BlackLine stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $33.65, for a total transaction of $26,247.00. Following the completion of the transaction, the chief accounting officer owned 34,712 shares in the company, valued at approximately $1,168,058.80. This trade represents a 2.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 9.10% of the company's stock.

BlackLine Profile

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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