About Blackline (NASDAQ:BL)
BlackLine, Inc. is a holding company. The Company provides cloud-based software platform that is designed to automate and streamline accounting and finance operations. Its platform supports accounting processes, such as the financial close, account reconciliation, intercompany accounting and controls assurance. Its platform consists of seven core cloud-based products, including Account Reconciliation, Task Management, Transaction Matching, Journal Entry, Variance Analysis, Consolidation Integrity Manager and Daily Reconciliation. The Company's solutions include Reconciliation Management and Financial Close Management and Insights. It operates through two geographical regions, which include the United States and International. As of December 31, 2016, its software integrated with, and obtained data from, more than 30 various enterprise resource planning (ERP) systems, including NetSuite, Oracle and Workday, as well as many other financial systems and applications.
Industry, Sector and Symbol
SectorComputer and Technology
Trailing P/E RatioN/A
Forward P/E RatioN/A
Sales & Book Value
Annual Sales$123.12 million
Price / Sales16.55
Price / CashN/A
Book Value$5.60 per share
Price / Book6.88
Return on Equity-8.00%
Return on Assets-5.57%
Frequently Asked Questions for Blackline (NASDAQ:BL)
What is Blackline's stock symbol?
Blackline trades on the NASDAQ under the ticker symbol "BL."
How were Blackline's earnings last quarter?
Blackline Inc (NASDAQ:BL) issued its quarterly earnings results on Thursday, November, 2nd. The technology company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.18. The technology company had revenue of $45.90 million for the quarter, compared to analyst estimates of $44.07 million. Blackline had a negative return on equity of 8.00% and a negative net margin of 29.53%. The company's quarterly revenue was up 42.5% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.05) earnings per share. View Blackline's Earnings History.
When will Blackline make its next earnings announcement?
What guidance has Blackline issued on next quarter's earnings?
Blackline issued an update on its FY17 earnings guidance on Thursday, November, 2nd. The company provided EPS guidance of ($0.10) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.17). The company issued revenue guidance of $174-$175 million, compared to the consensus revenue estimate of $172.13 million.Blackline also updated its Q4 guidance to $0.00 EPS.
Where is Blackline's stock going? Where will Blackline's stock price be in 2017?
6 analysts have issued 1 year price targets for Blackline's shares. Their predictions range from $31.00 to $42.00. On average, they anticipate Blackline's stock price to reach $38.50 in the next year. View Analyst Ratings for Blackline.
Who are some of Blackline's key competitors?
Some companies that are related to Blackline include Solera Holdings (SLH), Okta (OKTA), Playtech plc (PTEC), FireEye (FEYE), CommVault Systems (CVLT), Paylocity Holding Corporation (PCTY), Alarm.com Holdings (ALRM), Progress Software Corporation (PRGS), Callidus Software (CALD), Coupa Software (COUP), Alteryx (AYX), MINDBODY (MB), Kayak Software Corp (KYAK), Gigamon (GIMO), MongoDB (MDB), Bottomline Technologies (EPAY), CommerceHub (CHUBA) and Rapid7 (RPD).
Who are Blackline's key executives?
Blackline's management team includes the folowing people:
- John Brennan, Independent Chairman of the Board (Age 52)
- Therese Tucker, Chief Executive Officer, Director (Age 55)
- Mark Partin, Chief Financial Officer, Treasurer (Age 48)
- Karole R. Morgan-Prager, Chief Legal and Administrative Officer, Secretary (Age 54)
- Mario Spanicciati, Chief Marketing Officer and Director (Age 36)
- Chris Murphy, Chief Revenue Officer (Age 48)
- Kevin B. Thompson, Director (Age 51)
- Jason Babcoke, Independent Director (Age 44)
- William J.G. Griffith IV, Independent Director (Age 45)
- Hollie Haynes, Independent Director (Age 45)
When did Blackline IPO?
(BL) raised $120 million in an initial public offering on Friday, October 28th 2016. The company issued 8,600,000 shares at a price of $13.00-$15.00 per share. Goldman Sachs and J.P. Morgan served as the underwriters for the IPO and Pacific Crest Securities (a division of KeyBanc Capital Markets), Raymond James, William Blair and Baird were co-managers.
Who owns Blackline stock?
Blackline's stock is owned by a number of of institutional and retail investors. Top institutional investors include DF Dent & Co. Inc. (4.30%), Dragoneer Investment Group LLC (2.69%), Wells Fargo & Company MN (1.64%), TimesSquare Capital Management LLC (1.48%), Whale Rock Capital Management LLC (1.31%) and Conestoga Capital Advisors LLC (1.21%). Company insiders that own Blackline stock include Iconiq Strategic Partners, LP, Mario Spanicciati and Therese Tucker. View Institutional Ownership Trends for Blackline.
Who sold Blackline stock? Who is selling Blackline stock?
Blackline's stock was sold by a variety of institutional investors in the last quarter, including TimesSquare Capital Management LLC, Citadel Advisors LLC, Stifel Financial Corp, JPMorgan Chase & Co., Russell Investments Group Ltd. and Nationwide Fund Advisors. Company insiders that have sold Blackline company stock in the last year include Mario Spanicciati and Therese Tucker. View Insider Buying and Selling for Blackline.
Who bought Blackline stock? Who is buying Blackline stock?
Blackline's stock was acquired by a variety of institutional investors in the last quarter, including Whale Rock Capital Management LLC, Conestoga Capital Advisors LLC, DF Dent & Co. Inc., Artisan Partners Limited Partnership, Wells Fargo & Company MN, Dragoneer Investment Group LLC, Brown Advisory Inc. and Pier Capital LLC. View Insider Buying and Selling for Blackline.
How do I buy Blackline stock?
Shares of Blackline can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Blackline's stock price today?
One share of Blackline stock can currently be purchased for approximately $38.54.
How big of a company is Blackline?
Blackline has a market capitalization of $2.02 billion and generates $123.12 million in revenue each year. The technology company earns $-39,150,000.00 in net income (profit) each year or ($0.96) on an earnings per share basis. Blackline employs 597 workers across the globe.
How can I contact Blackline?
Blackline's mailing address is 21300 Victory Boulevard 12th Floor, Woodland Hills CA, 91367. The technology company can be reached via phone at 818-223-9008 or via email at [email protected]
MarketBeat Community Rating for Blackline (BL)MarketBeat's community ratings are surveys of what our community members think about Blackline and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Analysts' Consensus Rating for Blackline (NASDAQ:BL) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||0 Sell Ratings, 0 Hold Ratings, 6 Buy Ratings, 0 Strong Buy Ratings|
|Consensus Rating:||Buy (Score: 3.00)|
|Consensus Price Target: ||$38.50 (0.10% downside)|
Consensus Price Target History for Blackline (NASDAQ:BL)
Analysts' Ratings History for Blackline (NASDAQ:BL)
(Data available from 11/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|11/16/2017||JMP Securities||Upgrade||Market Perform -> Outperform||N/A|
|11/3/2017||SunTrust Banks, Inc.||Reiterated Rating||Buy||$42.00||N/A|
|10/1/2017||Robert W. Baird||Set Price Target||Buy||$42.00||Low|
|5/8/2017||William Blair||Reiterated Rating||Outperform||High|
|11/30/2016||Pacific Crest||Reiterated Rating||Overweight||$31.00||N/A|
|11/22/2016||Raymond James Financial, Inc.||Initiated Coverage||Outperform||$31.00||N/A|
|11/22/2016||J P Morgan Chase & Co||Initiated Coverage||Neutral||N/A|
|11/22/2016||Goldman Sachs Group, Inc. (The)||Initiated Coverage||Neutral||N/A|
Earnings History and Estimates Chart for Blackline (NASDAQ:BL)
Earnings History by Quarter for Blackline (NASDAQ BL)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|2/22/2018|| || || || || || || || |
|11/2/2017||Q3 2017||($0.19)||($0.01)||$44.07 million||$45.90 million||View||N/A|
|8/3/2017||Q2 2017||($0.15)||($0.03)||$41.45 million||$42.30 million||View||Listen|
|2/23/2017||Q416||($0.12)||($0.08)||$34.13 million||$35.90 million||View||N/A|
|11/30/2016||Q316||($0.15)||($0.07)||$21.66 million||$32.20 million||View||N/A|
Earnings Estimates for Blackline (NASDAQ:BL)
Current Year EPS Consensus Estimate: $-0.42 EPS
Next Year EPS Consensus Estimate: $-0.35 EPS
Dividend History for Blackline (NASDAQ:BL)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for Blackline (NASDAQ BL)
Insider Ownership Percentage: 22.35%
Institutional Ownership Percentage: 79.12%
Insider Trades by Quarter for Blackline (NASDAQ BL)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|11/20/2017||Mario Spanicciati||Insider||Sell||12,750||$36.79||$469,072.50|| |
|11/15/2017||Therese Tucker||CEO||Sell||2,000||$35.31||$70,620.00|| |
|11/13/2017||Mario Spanicciati||Insider||Sell||12,750||$35.45||$451,987.50|| |
|11/6/2017||Mario Spanicciati||Insider||Sell||12,750||$35.18||$448,545.00|| |
|10/30/2017||Mario Spanicciati||CMO||Sell||12,750||$35.05||$446,887.50|| |
|10/25/2017||Mario Spanicciati||CMO||Sell||2,125||$35.00||$74,375.00|| |
|10/23/2017||Mario Spanicciati||Insider||Sell||10,625||$34.06||$361,887.50|| |
|10/16/2017||Mario Spanicciati||Insider||Sell||10,625||$33.57||$356,681.25|| |
|10/9/2017||Mario Spanicciati||Insider||Sell||10,625||$33.49||$355,831.25|| |
|10/2/2017||Mario Spanicciati||Insider||Sell||10,625||$34.14||$362,737.50|| |
|9/25/2017||Mario Spanicciati||Insider||Sell||10,625||$33.01||$350,731.25|| |
|9/18/2017||Mario Spanicciati||Insider||Sell||10,625||$32.99||$350,518.75|| |
|9/12/2017||Mario Spanicciati||Insider||Sell||12,750||$33.32||$424,830.00|| |
|9/5/2017||Mario Spanicciati||Insider||Sell||10,625||$30.45||$323,531.25|| |
|8/29/2017||Mario Spanicciati||Insider||Sell||2,125||$30.00||$63,750.00|| |
|8/28/2017||Mario Spanicciati||Insider||Sell||8,500||$29.28||$248,880.00|| |
|8/23/2017||Therese Tucker||CEO||Sell||20,000||$29.12||$582,400.00|| |
|8/21/2017||Mario Spanicciati||Insider||Sell||8,500||$29.25||$248,625.00|| |
|8/14/2017||Mario Spanicciati||Insider||Sell||10,625||$29.88||$317,475.00|| |
|8/7/2017||Mario Spanicciati||Insider||Sell||10,625||$30.31||$322,043.75|| |
|7/31/2017||Mario Spanicciati||Insider||Sell||12,750||$38.91||$496,102.50|| |
|7/28/2017||Mario Spanicciati||Insider||Sell||4,250||$40.00||$170,000.00|| |
|7/24/2017||Mario Spanicciati||Insider||Sell||12,750||$37.57||$479,017.50|| |
|7/17/2017||Mario Spanicciati||Insider||Sell||12,750||$36.93||$470,857.50|| |
|7/10/2017||Mario Spanicciati||Insider||Sell||12,750||$36.40||$464,100.00|| |
|7/3/2017||Mario Spanicciati||Insider||Sell||12,750||$35.79||$456,322.50|| |
|6/16/2017||Mario Spanicciati||Insider||Sell||5,000||$35.34||$176,700.00|| |
|6/12/2017||Mario Spanicciati||Insider||Sell||25,000||$32.94||$823,500.00|| |
|6/5/2017||Mario Spanicciati||Insider||Sell||25,000||$34.65||$866,250.00|| |
|6/2/2017||Mario Spanicciati||Insider||Sell||5,000||$35.20||$176,000.00|| |
|5/30/2017||Mario Spanicciati||Insider||Sell||25,000||$33.98||$849,500.00|| |
|5/22/2017||Mario Spanicciati||Insider||Sell||25,000||$32.43||$810,750.00|| |
|11/2/2016||Iconiq Strategic Partners, L.P||Major Shareholder||Buy||825,000||$17.00||$14,025,000.00|| |
Latest Headlines for Blackline (NASDAQ BL)
|Zuckerberg’s Wealth Manager Wants to Be a Buyout Shop|
www.wsj.com - November 23 at 3:22 AM
|BlackLine CEO And Employees Pledge To Provide New Clothing To 50,000+ Who Are Homeless In Los Angeles This Holiday Season|
finance.yahoo.com - November 21 at 3:31 PM
|Mario Spanicciati Sells 12,750 Shares of Blackline Inc (BL) Stock|
www.americanbankingnews.com - November 20 at 7:38 PM
|Confidence In Blackline Grows As Total Addressable Market Seen Approaching $20 Billion|
finance.yahoo.com - November 17 at 9:12 PM
|Notable Friday Option Activity: PI, BL, DXC|
www.nasdaq.com - November 17 at 4:11 PM
|Blackline Inc (BL) CEO Sells $70,620.00 in Stock|
www.americanbankingnews.com - November 16 at 9:02 PM
|BlackLine Platform Enhancements To Be Unveiled At InTheBlack 2017 In LA|
finance.yahoo.com - November 16 at 12:03 PM
|Building A Modern Finance Organization: KPMG And BlackLine Form Alliance|
finance.yahoo.com - November 16 at 12:03 PM
|JMP Securities Upgrades Blackline Inc (BL) to Outperform|
www.americanbankingnews.com - November 16 at 9:28 AM
|Blackline Inc (BL) Insider Mario Spanicciati Sells 12,750 Shares|
www.americanbankingnews.com - November 14 at 8:05 PM
|Blackline Inc (BL) Given Consensus Rating of "Buy" by Analysts|
www.americanbankingnews.com - November 12 at 7:40 PM
|BlackLine Makes Deloitte's Fast 500™ List Of The Fastest-Growing Tech Companies In North America For 8th Year In A Row|
finance.yahoo.com - November 9 at 5:49 PM
|BlackLine Announces Financial Analyst Day|
finance.yahoo.com - November 8 at 8:59 PM
|BidaskClub Lowers Blackline Inc (BL) to Hold|
www.americanbankingnews.com - November 4 at 2:46 PM
|Blackline Inc (BL) Earns Buy Rating from SunTrust Banks, Inc.|
www.americanbankingnews.com - November 4 at 9:22 AM
|Blackline Inc (BL) Issues Earnings Results|
www.americanbankingnews.com - November 2 at 9:29 PM
|Blackline Inc (BL) Releases Q4 Earnings Guidance|
www.americanbankingnews.com - November 2 at 7:08 PM
|Blackline Inc (BL) Releases FY17 Earnings Guidance|
www.americanbankingnews.com - November 2 at 7:08 PM
|BlackLine, Inc. to Host Earnings Call|
finance.yahoo.com - November 2 at 5:15 PM
|BlackLine Announces Third Quarter Financial Results|
finance.yahoo.com - November 2 at 5:15 PM
|Allegheny Technologies, Peugeot, Snyder's-Lance And Ulta Beauty Among Companies To Embrace Continuous Accounting With BlackLine In Q3 2017|
finance.yahoo.com - November 2 at 5:15 PM
|Blackline Inc (BL) CMO Sells $446,887.50 in Stock|
www.americanbankingnews.com - October 31 at 5:42 PM
|BlackLine Appoints Tammy Coley As Chief Strategy Officer|
finance.yahoo.com - October 30 at 5:38 PM
|Blackline Inc (BL) to Release Quarterly Earnings on Thursday|
www.americanbankingnews.com - October 26 at 5:26 AM
|Notable Wednesday Option Activity: MCRI, TSLA, BL|
www.nasdaq.com - October 25 at 10:59 PM
|Mario Spanicciati Sells 2,125 Shares of Blackline Inc (BL) Stock|
www.americanbankingnews.com - October 25 at 8:46 PM
|Mario Spanicciati Sells 10,625 Shares of Blackline Inc (BL) Stock|
www.americanbankingnews.com - October 24 at 7:18 PM
|Continuous Accounting, Intercompany Automation And Accounting & Finance Innovation Key Topics At BlackLine InTheBlack 2017|
finance.yahoo.com - October 23 at 5:30 PM
|Blackline Inc (BL) Rating Reiterated by KeyCorp|
www.americanbankingnews.com - October 22 at 9:24 AM
|Fortune Magazine Names BlackLine One Of The Country's Best Medium-Sized Workplaces For Second Consecutive Year|
finance.yahoo.com - October 18 at 5:54 PM
|Insider Selling: Blackline Inc (BL) Insider Sells 10,625 Shares of Stock|
www.americanbankingnews.com - October 17 at 7:48 PM
|Blackline Inc (BL) Rating Lowered to Hold at BidaskClub|
www.americanbankingnews.com - October 15 at 3:20 PM
|$44.09 Million in Sales Expected for BLACKLINE INC (BL) This Quarter|
www.americanbankingnews.com - October 15 at 11:28 AM
|BlackLine Announces Date for Third Quarter 2017 Earnings Release and Conference Call|
finance.yahoo.com - October 12 at 5:26 PM
|Short Interest Moves 24% Higher For BL|
www.thestreet.com - October 11 at 6:05 PM
|Analyzing BLACKLINE INC (BL) & Top Image Systems (TISA)|
www.americanbankingnews.com - October 9 at 4:12 PM
|Head to Head Review: BLACKLINE INC (BL) & Its Competitors|
www.americanbankingnews.com - October 7 at 2:22 PM
|Therese Tucker Named Top Woman Leader In SaaS|
finance.yahoo.com - October 5 at 3:32 PM
|What’s The Cash Runway For BlackLine Inc (BL)?|
finance.yahoo.com - October 3 at 4:25 PM
|Blackline Inc (BL) Receives Buy Rating from Robert W. Baird|
www.americanbankingnews.com - October 1 at 7:56 AM
|BlackLine Inc. (BL) Appoints Kevin Thompson to Board - StreetInsider.com|
www.streetinsider.com - September 29 at 11:02 AM
|Blackline Inc (BL) Insider Mario Spanicciati Sells 10,625 Shares|
www.americanbankingnews.com - September 26 at 7:44 PM
|Asure Software (ASUR) versus Blackline (BL) Critical Survey|
www.americanbankingnews.com - September 26 at 12:28 AM
|BlackLine, Inc. breached its 50 day moving average in a Bullish Manner : BL-US : September 25, 2017|
finance.yahoo.com - September 25 at 8:08 PM
| Analysts Expect Blackline Inc (BL) to Announce -$0.06 Earnings Per Share|
www.americanbankingnews.com - September 25 at 4:12 AM
|Blackline Inc (BL) Receives Consensus Rating of "Buy" from Brokerages|
www.americanbankingnews.com - September 23 at 8:50 PM
|Contrasting BLACKLINE INC (BL) and Its Rivals|
www.americanbankingnews.com - September 23 at 10:24 AM
|Blackline Inc (BL) Earns "Buy" Rating from KeyCorp|
www.americanbankingnews.com - September 22 at 6:58 AM
|BlackLine Live Brings The Continuous Accounting Experience To Finance & Accounting Professionals In Europe And The UK|
finance.yahoo.com - September 20 at 5:21 PM
|How Blackline Plans to Conquer the Accounting Industry|
www.fool.com - March 7 at 10:40 AM
Blackline (NASDAQ BL) Chart for Thursday, November, 23, 2017