BlackLine (NASDAQ:BL) Announces Earnings Results, Meets Estimates

BlackLine (NASDAQ:BL) posted its quarterly earnings data on Thursday. The technology company reported $0.51 EPS for the quarter, hitting the consensus estimate of $0.51, Briefing.com reports. The business had revenue of $178.29 million for the quarter, compared to analyst estimates of $178.11 million. BlackLine had a net margin of 11.07% and a return on equity of 13.68%. BlackLine’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.60 earnings per share. BlackLine updated its FY 2025 guidance to 2.080-2.130 EPS and its Q4 2025 guidance to 0.580-0.610 EPS.

BlackLine Stock Performance

Shares of NASDAQ BL traded down $3.24 during midday trading on Friday, hitting $53.58. 1,618,453 shares of the stock traded hands, compared to its average volume of 1,324,922. The firm has a market capitalization of $3.32 billion, a P/E ratio of 48.27, a PEG ratio of 8.79 and a beta of 1.02. BlackLine has a one year low of $40.82 and a one year high of $66.25. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.64 and a current ratio of 1.64. The firm has a 50-day moving average of $53.37 and a two-hundred day moving average of $53.73.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on BL. Weiss Ratings reissued a “hold (c)” rating on shares of BlackLine in a research report on Wednesday, October 8th. Morgan Stanley increased their target price on BlackLine from $65.00 to $68.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 6th. Raymond James Financial upgraded BlackLine from a “market perform” rating to an “outperform” rating and set a $67.00 price target for the company in a report on Tuesday, July 29th. Truist Financial upped their price target on shares of BlackLine from $45.00 to $50.00 and gave the stock a “hold” rating in a research note on Thursday, August 7th. Finally, Zacks Research raised shares of BlackLine from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. Five research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $60.50.

Insiders Place Their Bets

In other news, Director Thomas Unterman sold 910 shares of the company’s stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $55.00, for a total transaction of $50,050.00. Following the completion of the sale, the director owned 41,835 shares of the company’s stock, valued at $2,300,925. This represents a 2.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Michelle D. Stalick sold 664 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $54.03, for a total transaction of $35,875.92. Following the completion of the transaction, the chief accounting officer directly owned 23,830 shares in the company, valued at approximately $1,287,534.90. The trade was a 2.71% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 3,394 shares of company stock valued at $186,026. 8.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Jump Financial LLC purchased a new stake in shares of BlackLine in the 2nd quarter worth $2,251,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of BlackLine by 5.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,670 shares of the technology company’s stock worth $1,679,000 after buying an additional 1,814 shares during the period. Balyasny Asset Management L.P. purchased a new position in shares of BlackLine during the 2nd quarter valued at about $1,322,000. Intech Investment Management LLC grew its stake in shares of BlackLine by 28.1% during the 1st quarter. Intech Investment Management LLC now owns 25,883 shares of the technology company’s stock valued at $1,253,000 after acquiring an additional 5,682 shares during the period. Finally, Brevan Howard Capital Management LP increased its holdings in BlackLine by 103.5% in the 2nd quarter. Brevan Howard Capital Management LP now owns 10,323 shares of the technology company’s stock worth $584,000 after acquiring an additional 5,250 shares in the last quarter. 95.13% of the stock is currently owned by institutional investors.

About BlackLine

BlackLine, Inc operates a cloud-based software platform which is designed to transform accounting and finance operations for organizations of all types and sizes. Its scalable platform supports critical accounting processes such as the financial close, account reconciliations, intercompany accounting, and controls assurance.