BlackLine (NASDAQ:BL) Shares Down 6.2% – Time to Sell?

Posted by George Bondi on Jul 22nd, 2026

BlackLine (NASDAQ:BL – Get Free Report)’s stock price was down 6.2% on Wednesday . The company traded as low as $27.41 and last traded at $27.5470. Approximately 289,103 shares traded hands during trading, a decline of 77% from the average daily volume of 1,244,455 shares. The stock had previously closed at $29.36.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Wall Street Zen upgraded shares of BlackLine from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 13th. DA Davidson set a $30.00 price objective on BlackLine in a report on Thursday, July 9th. Citigroup cut their price target on BlackLine from $60.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. Truist Financial lowered their price objective on BlackLine from $50.00 to $32.00 and set a “hold” rating on the stock in a research report on Thursday, May 7th. Finally, Robert W. Baird set a $40.00 price objective on shares of BlackLine in a research note on Wednesday, May 6th. Five investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $41.83.

Get Our Latest Analysis on BlackLine

BlackLine Trading Down 3.2%

The company has a debt-to-equity ratio of 2.18, a quick ratio of 1.70 and a current ratio of 1.70. The stock has a fifty day moving average of $28.56 and a 200 day moving average of $35.88. The company has a market capitalization of $1.67 billion, a PE ratio of 66.01 and a beta of 0.66.

BlackLine (NASDAQ:BL – Get Free Report) last posted its earnings results on Tuesday, May 5th. The technology company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.11. The company 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%. BlackLine’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $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. As a group, sell-side analysts predict that BlackLine will post 1.1 earnings per share for the current fiscal year.

Insider Activity at BlackLine

In other BlackLine news, Director Mika Yamamoto sold 3,000 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was 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 approximately $475,388.16. This trade represents a 15.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Gregory Hughes sold 1,637 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $30.25, for a total transaction of $49,519.25. Following the sale, the director owned 7,755 shares in the company, valued at $234,588.75. This represents a 17.43% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 9.10% of the company’s stock.

Hedge Funds Weigh In On BlackLine

Several hedge funds have recently added to or reduced their stakes in BL. Measured Wealth Private Client Group LLC acquired a new stake in BlackLine in the third quarter valued at $25,000. Kestra Advisory Services LLC purchased a new stake in BlackLine in the 4th quarter valued at $28,000. Optiver Holding B.V. increased its position in BlackLine by 13,828.6% in the first quarter. Optiver Holding B.V. now owns 975 shares of the technology company’s stock worth $36,000 after buying an additional 968 shares during the last quarter. Bayforest Capital Ltd purchased a new position in shares of BlackLine during the 4th quarter valued at $40,000. Finally, Leonteq Securities AG boosted its stake in shares of BlackLine by 1,019.6% in the 1st quarter. Leonteq Securities AG now owns 1,086 shares of the technology company’s stock valued at $40,000 after purchasing an additional 989 shares in the last quarter. Institutional investors and hedge funds own 95.13% of the company’s stock.

About BlackLine

(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.