Geode Capital Management LLC Has $68.86 Million Stock Holdings in BlackLine $BL

Posted by Brenda Bartman on Jun 9th, 2026

Geode Capital Management LLC decreased its holdings in BlackLine (NASDAQ:BL – Free Report) by 1.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,245,237 shares of the technology company’s stock after selling 18,180 shares during the period. Geode Capital Management LLC’s holdings in BlackLine were worth $68,860,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Measured Wealth Private Client Group LLC acquired a new stake in shares of BlackLine during the 3rd quarter worth about $25,000. MAI Capital Management increased its position in shares of BlackLine by 10,000.0% during the 3rd quarter. MAI Capital Management now owns 707 shares of the technology company’s stock worth $38,000 after purchasing an additional 700 shares in the last quarter. Bayforest Capital Ltd acquired a new stake in shares of BlackLine during the 4th quarter worth about $40,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of BlackLine during the 3rd quarter worth about $38,000. Finally, Bessemer Group Inc. increased its position in shares of BlackLine by 22.9% during the 3rd quarter. Bessemer Group Inc. now owns 989 shares of the technology company’s stock worth $53,000 after purchasing an additional 184 shares in the last quarter. Institutional investors and hedge funds own 95.13% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Citizens Jmp reiterated a “market outperform” rating and set a $70.00 target price on shares of BlackLine in a research report on Tuesday, April 28th. Citigroup dropped their target price on shares of BlackLine from $60.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, May 7th. Robert W. Baird set a $40.00 target price on shares of BlackLine in a research report on Wednesday, May 6th. Wall Street Zen cut shares of BlackLine from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 17th. Finally, DA Davidson dropped their target price on shares of BlackLine from $45.00 to $35.00 and set a “neutral” rating for the company in a research report on Wednesday, May 6th. Five research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, BlackLine currently has an average rating of “Hold” and an average target price of $43.67.

View Our Latest Research Report on BlackLine

BlackLine Trading Down 1.6%

BL opened at $28.20 on Tuesday. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 2.18. The stock has a market capitalization of $1.65 billion, a PE ratio of 65.58 and a beta of 0.66. BlackLine has a 1-year low of $24.70 and a 1-year high of $59.57. The firm has a 50-day moving average price of $30.94 and a two-hundred day moving average price of $42.16.

BlackLine (NASDAQ:BL – Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.11. The firm had revenue of $183.16 million during the quarter, compared to analysts’ expectations of $181.00 million. BlackLine had a net margin of 3.71% and a return on equity of 18.86%. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.49 EPS. BlackLine has set its FY 2026 guidance at 2.420-2.530 EPS and its Q2 2026 guidance at 0.570-0.590 EPS. As a group, equities analysts anticipate that BlackLine will post 1.1 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Gregory Hughes sold 1,637 shares of the firm’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $30.25, for a total value of $49,519.25. Following the transaction, the director owned 7,755 shares of the company’s stock, valued at approximately $234,588.75. This trade represents a 17.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mika Yamamoto sold 3,000 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $28.48, for a total transaction of $85,440.00. Following the completion of the transaction, the director directly owned 16,692 shares in the company, valued at $475,388.16. This trade represents a 15.23% decrease in their position. The disclosure for this sale is available in the SEC filing. 9.10% of the stock is currently owned by company insiders.

About BlackLine

(Free Report)

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.