BlackLine (NASDAQ:BL) Director Sells $85,440.00 in Stock

Posted by Stanley Muller on Jun 11th, 2026

BlackLine (NASDAQ:BL – Get Free Report) Director Mika Yamamoto sold 3,000 shares of BlackLine stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $28.48, for a total value of $85,440.00. Following the sale, the director directly owned 16,692 shares in the company, valued at $475,388.16. The trade was a 15.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

BlackLine Stock Down 2.5%

NASDAQ BL opened at $27.63 on Thursday. 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’s 50 day moving average is $30.61 and its two-hundred day moving average is $41.80. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 64.26 and a beta of 0.66. BlackLine has a 1-year low of $24.70 and a 1-year high of $59.57.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. First Manhattan CO. LLC. lifted its holdings in BlackLine by 16.3% during the 4th quarter. First Manhattan CO. LLC. now owns 2,428,604 shares of the technology company’s stock worth $134,278,000 after buying an additional 340,606 shares in the last quarter. Hawk Ridge Capital Management LP lifted its holdings in BlackLine by 26.3% during the 1st quarter. Hawk Ridge Capital Management LP now owns 1,890,823 shares of the technology company’s stock worth $69,960,000 after buying an additional 393,192 shares in the last quarter. Norges Bank acquired a new position in BlackLine during the 4th quarter worth $80,787,000. Engaged Capital LLC lifted its holdings in BlackLine by 26.2% during the 1st quarter. Engaged Capital LLC now owns 1,367,619 shares of the technology company’s stock worth $50,602,000 after buying an additional 284,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in BlackLine by 20.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,063,655 shares of the technology company’s stock worth $39,354,000 after buying an additional 181,577 shares in the last quarter. 95.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Bank of America assumed coverage on BlackLine in a report on Tuesday, May 12th. They set an “underperform” rating and a $26.00 price objective on the stock. BMO Capital Markets boosted their target price on BlackLine from $34.00 to $36.00 and gave the stock a “market perform” rating in a report on Wednesday, May 6th. Truist Financial reduced their target price on BlackLine from $50.00 to $32.00 and set a “hold” rating on the stock in a report on Thursday, May 7th. Morgan Stanley reduced their target price on BlackLine from $68.00 to $50.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Finally, Rosenblatt Securities reduced their target price on BlackLine from $46.00 to $45.00 and set a “buy” rating on the stock in a 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $43.67.

Get Our Latest Report on BL

BlackLine Company Profile

(Get 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.