BlackLine (NASDAQ: BL) has recently received a number of price target changes and ratings updates:
- 7/28/2026 – BlackLine was upgraded by Weiss Ratings from “sell (d)” to “sell (d+)”.
- 7/25/2026 – BlackLine was downgraded by Wall Street Zen from “strong-buy” to “buy”.
- 7/21/2026 – BlackLine had its “equal weight” rating reaffirmed by Morgan Stanley. They now have a $33.00 price target on the stock, down from $50.00.
- 7/21/2026 – BlackLine was downgraded by Scotiabank to “outperform”.
- 7/13/2026 – BlackLine was downgraded by Weiss Ratings from “sell (d+)” to “sell (d)”.
- 7/9/2026 – BlackLine was given a new $30.00 price target by DA Davidson.
- 6/13/2026 – BlackLine was upgraded by Wall Street Zen from “buy” to “strong-buy”.
- 6/4/2026 – BlackLine had its “sell (d+)” rating reaffirmed by Weiss Ratings.
Insider Buying and Selling
In related news, Director Gregory Hughes sold 1,637 shares of the stock in a transaction that occurred 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 transaction, the director owned 7,755 shares of the company’s stock, valued at $234,588.75. This represents a 17.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mika Yamamoto sold 3,000 shares of the stock in a transaction that occurred 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 completion of the transaction, 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 SEC filing for this sale provides additional information. 9.10% of the stock is currently owned by company insiders.
Key products and services within the BlackLine platform include Account Reconciliation, Task Management, Transaction Matching, Journal Entry, and Intercompany Hub.
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