BLACKLINE INC Company Profile (NASDAQ:BL)

About BLACKLINE INC (NASDAQ:BL)

BLACKLINE INC logoBlackLine, 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:
  • Sector: Computer and Technology
  • Industry: Software
  • Sub-Industry: N/A
  • Symbol: NASDAQ:BL
  • CUSIP: N/A
  • Web: www.blackline.com
Capitalization:
  • Market Cap: $1.7504 billion
  • Outstanding Shares: 52,470,000
Average Prices:
  • 50 Day Moving Avg: $33.02
  • 200 Day Moving Avg: $33.42
  • 52 Week Range: $21.66 - $40.28
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: -86.00
  • P/E Growth: -6.51
Sales & Book Value:
  • Annual Revenue: $148.46 million
  • Price / Sales: 11.85
  • Book Value: $5.66 per share
  • Price / Book: 5.93
Profitability:
  • EBITDA: ($13,080,000.00)
  • Net Margins: -27.89%
  • Return on Equity: -6.54%
  • Return on Assets: -4.23%
Debt:
  • Current Ratio: 1.50%
  • Quick Ratio: 1.50%
Misc:
  • Average Volume: 302,992 shs.
  • Short Ratio: 7
 

Frequently Asked Questions for BLACKLINE INC (NASDAQ:BL)

What is BLACKLINE INC's stock symbol?

BLACKLINE INC trades on the NASDAQ under the ticker symbol "BL."

How were BLACKLINE INC's earnings last quarter?

BLACKLINE INC (NASDAQ:BL) posted its quarterly earnings data on Thursday, August, 3rd. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of ($0.15) by $0.12. The firm earned $42.30 million during the quarter, compared to the consensus estimate of $41.45 million. BLACKLINE INC had a negative net margin of 27.89% and a negative return on equity of 6.54%. The company's quarterly revenue was up 45.9% compared to the same quarter last year. View BLACKLINE INC's Earnings History.

When will BLACKLINE INC make its next earnings announcement?

BLACKLINE INC is scheduled to release their next quarterly earnings announcement on Thursday, November, 2nd 2017. View Earnings Estimates for BLACKLINE INC.

What guidance has BLACKLINE INC issued on next quarter's earnings?

BLACKLINE INC updated its FY17 earnings guidance on Thursday, August, 3rd. The company provided earnings per share (EPS) guidance of ($0.19)-($0.15) for the period, compared to the Thomson Reuters consensus estimate of ($0.27). The company issued revenue guidance of $170-$173 million, compared to the consensus revenue estimate of $172.08 million.BLACKLINE INC also updated its Q3 guidance to ($0.07)-($0.05) EPS.

Where is BLACKLINE INC's stock going? Where will BLACKLINE INC's stock price be in 2017?

9 equities research analysts have issued 1 year price targets for BLACKLINE INC's stock. Their predictions range from $31.00 to $43.00. On average, they anticipate BLACKLINE INC's share price to reach $37.20 in the next year. View Analyst Ratings for BLACKLINE INC.

Who are some of BLACKLINE INC's key competitors?

Who are BLACKLINE INC's key executives?

BLACKLINE INC's management team includes the folowing people:

  • John Brennan, Independent Chairman of the Board
  • Therese Tucker, Chief Executive Officer, Director
  • Mark Partin, Chief Financial Officer, Treasurer
  • Karole R. Morgan-Prager, Chief Legal and Administrative Officer, Secretary
  • Mario Spanicciati, Chief Marketing Officer and Director
  • Chris Murphy, Chief Revenue Officer
  • Kevin B. Thompson, Director
  • Jason Babcoke, Independent Director
  • William J.G. Griffith IV, Independent Director
  • Hollie Haynes, Independent Director

When did BLACKLINE INC IPO?

(BL) raised $120 million in an initial public offering (IPO) on Friday, October 28th 2016. The company issued 8,600,000 shares at $13.00-$15.00 per share. Goldman Sachs and J.P. Morgan acted 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.

How do I buy BLACKLINE INC stock?

Shares of BLACKLINE INC can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is BLACKLINE INC's stock price today?

One share of BLACKLINE INC stock can currently be purchased for approximately $33.54.


MarketBeat Community Rating for BLACKLINE INC (NASDAQ BL)
Community Ranking:  3.3 out of 5 (star star star)
Outperform Votes:  106 (Vote Outperform)
Underperform Votes:  53 (Vote Underperform)
Total Votes:  159
MarketBeat's community ratings are surveys of what our community members think about BLACKLINE INC 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.

Analyst Ratings

Consensus Ratings for BLACKLINE INC (NASDAQ:BL) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 3 Hold Ratings, 6 Buy Ratings
Consensus Rating:Buy (Score: 2.67)
Consensus Price Target: $37.20 (10.91% upside)
Consensus Price Target History for BLACKLINE INC (NASDAQ:BL)
Price Target History for BLACKLINE INC (NASDAQ:BL)
Analysts' Ratings History for BLACKLINE INC (NASDAQ:BL)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/1/2017Robert W. BairdSet Price TargetBuy$42.00LowView Rating Details
9/22/2017KeyCorpReiterated RatingBuy$39.00LowView Rating Details
6/26/2017SunTrust Banks, Inc.Initiated CoverageBuy -> Buy$43.00HighView Rating Details
6/26/2017JMP SecuritiesInitiated CoverageMarket PerformLowView Rating Details
5/8/2017William BlairReiterated RatingOutperformHighView Rating Details
11/30/2016Pacific CrestReiterated RatingOverweight$31.00N/AView Rating Details
11/22/2016Raymond James Financial, Inc.Initiated CoverageOutperform$31.00N/AView Rating Details
11/22/2016J P Morgan Chase & CoInitiated CoverageNeutralN/AView Rating Details
11/22/2016Goldman Sachs Group, Inc. (The)Initiated CoverageNeutralN/AView Rating Details
(Data available from 10/18/2015 forward)

Earnings

Earnings History for BLACKLINE INC (NASDAQ:BL)
Earnings by Quarter for BLACKLINE INC (NASDAQ:BL)
Earnings History by Quarter for BLACKLINE INC (NASDAQ BL)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/2/2017($0.19)N/AView Earnings Details
8/3/2017Q2 2017($0.15)($0.03)$41.45 million$42.30 millionViewListenView Earnings Details
2/23/2017Q416($0.12)($0.08)$34.13 million$35.90 millionViewN/AView Earnings Details
11/30/2016Q316($0.15)($0.07)$21.66 million$32.20 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for BLACKLINE INC (NASDAQ:BL)
Current Year EPS Consensus Estimate: $-0.42 EPS
Next Year EPS Consensus Estimate: $-0.39 EPS

Dividends

Dividend History for BLACKLINE INC (NASDAQ:BL)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading and Institutional Ownership History for BLACKLINE INC (NASDAQ:BL)
Insider Ownership Percentage: 22.35%
Institutional Ownership Percentage: 77.65%
Insider Trades by Quarter for BLACKLINE INC (NASDAQ:BL)
Insider Trades by Quarter for BLACKLINE INC (NASDAQ:BL)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
10/16/2017Mario SpanicciatiInsiderSell10,625$33.57$356,681.25View SEC Filing  
10/9/2017Mario SpanicciatiInsiderSell10,625$33.49$355,831.25View SEC Filing  
10/2/2017Mario SpanicciatiInsiderSell10,625$34.14$362,737.50View SEC Filing  
9/25/2017Mario SpanicciatiInsiderSell10,625$33.01$350,731.25View SEC Filing  
9/18/2017Mario SpanicciatiInsiderSell10,625$32.99$350,518.75View SEC Filing  
9/12/2017Mario SpanicciatiInsiderSell12,750$33.32$424,830.00View SEC Filing  
9/5/2017Mario SpanicciatiInsiderSell10,625$30.45$323,531.25View SEC Filing  
8/29/2017Mario SpanicciatiInsiderSell2,125$30.00$63,750.00View SEC Filing  
8/28/2017Mario SpanicciatiInsiderSell8,500$29.28$248,880.00View SEC Filing  
8/23/2017Therese TuckerCEOSell20,000$29.12$582,400.00View SEC Filing  
8/21/2017Mario SpanicciatiInsiderSell8,500$29.25$248,625.00View SEC Filing  
8/14/2017Mario SpanicciatiInsiderSell10,625$29.88$317,475.00View SEC Filing  
8/7/2017Mario SpanicciatiInsiderSell10,625$30.31$322,043.75View SEC Filing  
7/31/2017Mario SpanicciatiInsiderSell12,750$38.91$496,102.50View SEC Filing  
7/28/2017Mario SpanicciatiInsiderSell4,250$40.00$170,000.00View SEC Filing  
7/24/2017Mario SpanicciatiInsiderSell12,750$37.57$479,017.50View SEC Filing  
7/17/2017Mario SpanicciatiInsiderSell12,750$36.93$470,857.50View SEC Filing  
7/10/2017Mario SpanicciatiInsiderSell12,750$36.40$464,100.00View SEC Filing  
7/3/2017Mario SpanicciatiInsiderSell12,750$35.79$456,322.50View SEC Filing  
6/16/2017Mario SpanicciatiInsiderSell5,000$35.34$176,700.00View SEC Filing  
6/12/2017Mario SpanicciatiInsiderSell25,000$32.94$823,500.00View SEC Filing  
6/5/2017Mario SpanicciatiInsiderSell25,000$34.65$866,250.00View SEC Filing  
6/2/2017Mario SpanicciatiInsiderSell5,000$35.20$176,000.00View SEC Filing  
5/30/2017Mario SpanicciatiInsiderSell25,000$33.98$849,500.00View SEC Filing  
5/22/2017Mario SpanicciatiInsiderSell25,000$32.43$810,750.00View SEC Filing  
11/2/2016Iconiq Strategic Partners, L.PMajor ShareholderBuy825,000$17.00$14,025,000.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for BLACKLINE INC (NASDAQ:BL)
Latest Headlines for BLACKLINE INC (NASDAQ:BL)
Source:
DateHeadline
americanbankingnews.com logoInsider Selling: Blackline Inc (BL) Insider Sells 10,625 Shares of Stock
www.americanbankingnews.com - October 17 at 7:48 PM
americanbankingnews.com logoBlackline Inc (BL) Rating Lowered to Hold at BidaskClub
www.americanbankingnews.com - October 15 at 3:20 PM
americanbankingnews.com logo$44.09 Million in Sales Expected for BLACKLINE INC (BL) This Quarter
www.americanbankingnews.com - October 15 at 11:28 AM
finance.yahoo.com logoBlackLine Announces Date for Third Quarter 2017 Earnings Release and Conference Call
finance.yahoo.com - October 12 at 5:26 PM
thestreet.com logoShort Interest Moves 24% Higher For BL
www.thestreet.com - October 11 at 6:05 PM
americanbankingnews.com logoAnalyzing BLACKLINE INC (BL) & Top Image Systems (TISA)
www.americanbankingnews.com - October 9 at 4:12 PM
americanbankingnews.com logoHead to Head Review: BLACKLINE INC (BL) & Its Competitors
www.americanbankingnews.com - October 7 at 2:22 PM
finance.yahoo.com logoTherese Tucker Named Top Woman Leader In SaaS
finance.yahoo.com - October 5 at 3:32 PM
finance.yahoo.com logoWhat’s The Cash Runway For BlackLine Inc (BL)?
finance.yahoo.com - October 3 at 4:25 PM
americanbankingnews.com logoBlackline Inc (BL) Receives Buy Rating from Robert W. Baird
www.americanbankingnews.com - October 1 at 7:56 AM
streetinsider.com logoBlackLine Inc. (BL) Appoints Kevin Thompson to Board - StreetInsider.com
www.streetinsider.com - September 29 at 11:02 AM
americanbankingnews.com logoBlackline Inc (BL) Insider Mario Spanicciati Sells 10,625 Shares
www.americanbankingnews.com - September 26 at 7:44 PM
americanbankingnews.com logoAsure Software (ASUR) versus Blackline (BL) Critical Survey
www.americanbankingnews.com - September 26 at 12:28 AM
finance.yahoo.com logoBlackLine, 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
americanbankingnews.com logo Analysts Expect Blackline Inc (BL) to Announce -$0.06 Earnings Per Share
www.americanbankingnews.com - September 25 at 4:12 AM
americanbankingnews.com logoBlackline Inc (BL) Receives Consensus Rating of "Buy" from Brokerages
www.americanbankingnews.com - September 23 at 8:50 PM
americanbankingnews.com logoContrasting BLACKLINE INC (BL) and Its Rivals
www.americanbankingnews.com - September 23 at 10:24 AM
americanbankingnews.com logoBlackline Inc (BL) Earns "Buy" Rating from KeyCorp
www.americanbankingnews.com - September 22 at 6:58 AM
finance.yahoo.com logoBlackLine Live Brings The Continuous Accounting Experience To Finance & Accounting Professionals In Europe And The UK
finance.yahoo.com - September 20 at 5:21 PM
fool.com logoHow Blackline Plans to Conquer the Accounting Industry
www.fool.com - March 7 at 10:40 AM
feeds.benzinga.com logoBlackline Delivers Q4 That Was Solid By Any Measure
feeds.benzinga.com - February 24 at 8:12 AM

Social

Chart

BLACKLINE INC (BL) Chart for Wednesday, October, 18, 2017

This page was last updated on 10/18/2017 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.