Readystate Asset Management LP lowered its position in shares of BlackLine (NASDAQ:BL – Free Report) by 99.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 66,080 shares of the technology company’s stock after selling 10,004,162 shares during the quarter. Readystate Asset Management LP’s holdings in BlackLine were worth $2,445,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Blue Trust Inc. increased its stake in shares of BlackLine by 3.7% in the 4th quarter. Blue Trust Inc. now owns 7,157 shares of the technology company’s stock worth $396,000 after acquiring an additional 256 shares in the last quarter. Two Sigma Securities LLC lifted its position in BlackLine by 4.7% during the 2nd quarter. Two Sigma Securities LLC now owns 6,664 shares of the technology company’s stock valued at $377,000 after acquiring an additional 301 shares during the period. Franklin Resources Inc. lifted its position in BlackLine by 6.4% during the 4th quarter. Franklin Resources Inc. now owns 5,335 shares of the technology company’s stock valued at $295,000 after acquiring an additional 319 shares during the period. Boothbay Fund Management LLC boosted its stake in BlackLine by 8.4% during the fourth quarter. Boothbay Fund Management LLC now owns 4,555 shares of the technology company’s stock worth $252,000 after acquiring an additional 352 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC bought a new stake in BlackLine during the third quarter worth about $25,000. Institutional investors own 95.13% of the company’s stock.
Insider Activity at BlackLine
In other BlackLine news, Director Mika Yamamoto sold 3,000 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $28.48, for a total transaction 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gregory Hughes sold 1,637 shares of BlackLine stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $30.25, for a total value of $49,519.25. Following the completion of the sale, the director directly owned 7,755 shares of the company’s stock, valued at approximately $234,588.75. The trade was 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. Corporate insiders own 9.10% of the company’s stock.
BlackLine Stock Up 4.2%
BlackLine (NASDAQ:BL – Get Free Report) last issued its earnings results on Tuesday, May 5th. The technology company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.11. BlackLine had a net margin of 3.71% and a return on equity of 18.86%. The firm had revenue of $183.16 million for the quarter, compared to the consensus estimate of $181.00 million. During the same quarter in the prior year, the firm posted $0.49 earnings per share. The business’s revenue was up 9.7% on a year-over-year basis. BlackLine has set its FY 2026 guidance at 2.420-2.530 EPS and its Q2 2026 guidance at 0.570-0.590 EPS. Analysts predict that BlackLine will post 1.1 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of brokerages have weighed in on BL. Truist Financial decreased their target price on shares of BlackLine from $50.00 to $32.00 and set a “hold” rating for the company in a research note on Thursday, May 7th. Robert W. Baird set a $40.00 price target on BlackLine in a research report on Wednesday, May 6th. Bank of America began coverage on BlackLine in a research note on Tuesday, May 12th. They issued an “underperform” rating and a $26.00 price target on the stock. Scotiabank lowered BlackLine to an “outperform” rating in a research report on Tuesday, July 21st. Finally, Citigroup lowered their price objective on BlackLine from $60.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, May 7th. Five analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $41.83.
Read Our Latest Report on BlackLine
BlackLine Profile
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.
Featured Articles
- Five stocks we like better than BlackLine
- These 3 Stocks Have Soared in 2026—Can They Keep Climbing?
- Hasbro’s Earnings Beat Shows Why This Is No Longer Just a Toy Story
- Rambus: Another AI Phoenix Ready to Rise From the Ashes of Correction
- Chips & Clips: Memory Tariffs Rewire Tech Supply Chains
Want to see what other hedge funds are holding BL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlackLine (NASDAQ:BL – Free Report).
Receive News & Ratings for BlackLine Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackLine and related companies with MarketBeat.com's FREE daily email newsletter.
