Sei Investments Co. Sells 110,110 Shares of BlackLine $BL

Sei Investments Co. lessened its holdings in BlackLine (NASDAQ:BL – Free Report) by 51.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 105,267 shares of the technology company’s stock after selling 110,110 shares during the period. Sei Investments Co. owned 0.18% of BlackLine worth $3,896,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Louisiana State Employees Retirement System bought a new position in BlackLine during the first quarter valued at about $821,000. Teacher Retirement System of Texas lifted its position in shares of BlackLine by 5,776.8% in the fourth quarter. Teacher Retirement System of Texas now owns 475,665 shares of the technology company’s stock worth $26,300,000 after buying an additional 467,571 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of BlackLine by 2,609.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 113,197 shares of the technology company’s stock worth $6,259,000 after acquiring an additional 109,019 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of BlackLine by 34.9% during the 1st quarter. First Trust Advisors LP now owns 616,716 shares of the technology company’s stock worth $22,818,000 after acquiring an additional 159,561 shares in the last quarter. Finally, Cinctive Capital Management LP increased its holdings in shares of BlackLine by 30.5% during the 4th quarter. Cinctive Capital Management LP now owns 199,544 shares of the technology company’s stock valued at $11,033,000 after acquiring an additional 46,688 shares during the last quarter. 95.13% of the stock is currently owned by institutional investors.

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BlackLine News Roundup

Here are the key news stories impacting BlackLine this week:

• Positive Sentiment: BlackLine reported adjusted earnings of $0.61 per share, exceeding the $0.57 analyst consensus, while revenue increased 9.1% year over year to approximately $187.8 million. Management maintained fiscal 2026 EPS guidance of $2.47–$2.54 and provided third-quarter EPS guidance of $0.62–$0.65. BlackLine Q2 Earnings Snapshot
• Positive Sentiment: A partnership with Nuvei embeds payment acceptance into BlackLine’s invoice-to-cash platform. The integration is already live with enterprise customers and could shorten collection cycles, automate payment matching and reconciliation, and strengthen BlackLine’s platform value proposition. Nuvei and BlackLine Partner on Embedded Payments
• Positive Sentiment: A Seeking Alpha analysis argued that BlackLine’s platform-based pricing strategy is beginning to take hold, supporting a bullish long-term view if adoption and monetization improve. BlackLine Buy as Platform Pricing Takes Root

Analyst Upgrades and Downgrades

BL has been the subject of several analyst reports. Citigroup reduced their target price on BlackLine from $60.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, May 7th. Weiss Ratings upgraded BlackLine from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, July 28th. Morgan Stanley reissued an “equal weight” rating and issued a $33.00 price target (down from $50.00) on shares of BlackLine in a research report on Tuesday, July 21st. Scotiabank lowered shares of BlackLine to an “outperform” rating in a research report on Tuesday, July 21st. Finally, Raymond James Financial restated an “outperform” rating and issued a $50.00 price objective on shares of BlackLine in a research note on Wednesday, May 6th. Five research 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’s stock. According to MarketBeat.com, BlackLine presently has a consensus rating of “Hold” and an average target price of $40.08.

Check Out Our Latest Stock Report on BL

BlackLine Trading Down 1.5%

BlackLine stock opened at $30.00 on Friday. BlackLine has a 52 week low of $24.70 and a 52 week high of $59.57. The company has a debt-to-equity ratio of 2.12, a quick ratio of 1.70 and a current ratio of 1.72. The firm has a market capitalization of $1.76 billion, a PE ratio of 52.63 and a beta of 0.64. The business’s 50-day simple moving average is $29.12 and its 200-day simple moving average is $33.83.

BlackLine (NASDAQ:BL – Get Free Report) last announced its earnings results on Tuesday, August 4th. The technology company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.04. The firm had revenue of $187.82 million during the quarter, compared to the consensus estimate of $186.99 million. BlackLine had a return on equity of 20.89% and a net margin of 4.75%.The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.51 EPS. BlackLine has set its FY 2026 guidance at 2.470-2.540 EPS and its Q3 2026 guidance at 0.620-0.650 EPS. Equities research analysts forecast that BlackLine will post 1.09 earnings per share for the current year.

Insider Activity at BlackLine

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

BlackLine Profile

(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.

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