Squarepoint Ops LLC Makes New $1.54 Million Investment in BlackLine $BL

Key Points

• Squarepoint Ops LLC acquired 54,806 BlackLine shares worth approximately $1.54 million, giving it a 0.09% stake. Institutional investors collectively own 95.13% of the company.
• BlackLine exceeded quarterly expectations, reporting $0.61 in EPS versus the $0.57 consensus and $187.82 million in revenue, up 9.1% year over year. The company maintained fiscal 2026 EPS guidance of $2.47–$2.54.
• BlackLine shares opened at $29.14, while analysts maintained a consensus “Hold” rating with a $40.08 price target; meanwhile, two insiders recently sold shares totaling more than $2.26 million.

Squarepoint Ops LLC bought a new position in shares of BlackLine (NASDAQ:BL - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 54,806 shares of the technology company's stock, valued at approximately $1,538,000. Squarepoint Ops LLC owned 0.09% of BlackLine as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Optiver Holding B.V. raised its holdings in shares of BlackLine by 13,828.6% during the first quarter. Optiver Holding B.V. now owns 975 shares of the technology company's stock valued at $36,000 after acquiring an additional 968 shares during the last quarter. Leonteq Securities AG boosted its stake in shares of BlackLine by 1,019.6% in the first quarter. Leonteq Securities AG now owns 1,086 shares of the technology company's stock worth $40,000 after acquiring an additional 989 shares during the last quarter. Global Retirement Partners LLC increased its position in shares of BlackLine by 306.7% during the fourth 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 in the last quarter. Hantz Financial Services Inc. increased its position in shares of BlackLine by 236.2% during the fourth quarter. Hantz Financial Services Inc. now owns 1,439 shares of the technology company's stock worth $80,000 after purchasing an additional 1,011 shares in the last quarter. Finally, Parallel Advisors LLC raised its stake in BlackLine by 467.0% in the 1st quarter. Parallel Advisors LLC now owns 2,030 shares of the technology company's stock valued at $75,000 after purchasing an additional 1,672 shares during the last quarter. Institutional investors own 95.13% of the company's stock.

Insider Activity

In other BlackLine news, CAO Michelle D. Stalick sold 780 shares of the firm's stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $33.65, for a total transaction of $26,247.00. Following the sale, the chief accounting officer directly owned 34,712 shares of the company's stock, valued at $1,168,058.80. This trade represents a 2.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Therese Tucker sold 70,000 shares of BlackLine stock in a transaction dated 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 sale, the director owned 381,557 shares of the company's stock, valued at approximately $12,194,561.72. This trade represents a 15.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 9.10% of the stock is owned by company insiders.

BlackLine Stock Performance

BlackLine stock opened at $29.14 on Wednesday. BlackLine has a fifty-two week low of $24.70 and a fifty-two week high of $59.57. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of 51.12, a PEG ratio of 2.01 and a beta of 0.66. The stock has a fifty day moving average of $30.58 and a two-hundred day moving average of $31.28. The company has a debt-to-equity ratio of 2.12, a quick ratio of 1.72 and a current ratio of 1.72.

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, beating analysts' consensus estimates of $0.57 by $0.04. The business had revenue of $187.82 million for 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%.The business's revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.51 earnings per share. 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, analysts anticipate that BlackLine will post 0.98 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Weiss Ratings upgraded BlackLine from a "sell (d)" rating to a "sell (d+)" rating in a research report on Tuesday, July 28th. Wall Street Zen cut shares of BlackLine from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 25th. DA Davidson set a $30.00 price target on shares of BlackLine in a report on Thursday, July 9th. Scotiabank cut shares of BlackLine to an "outperform" rating in a research note on Tuesday, July 21st. Finally, Robert W. Baird set a $35.00 price objective on shares of BlackLine in a report on Wednesday, August 5th. Five analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, BlackLine currently has a consensus rating of "Hold" and a consensus target price of $40.08.

BlackLine Profile

BlackLine, Inc NASDAQ: BL provides cloud-based software designed to automate and modernize finance and accounting operations. Its platform helps organizations manage processes that traditionally rely on spreadsheets, manual data entry and disconnected systems, with an emphasis on improving efficiency, visibility and control.

The company's products support financial close and consolidation, account reconciliations, transaction matching, intercompany accounting, accounts receivable automation, cash application, invoice-to-cash processes, lease accounting and accounting task management.

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