BlackLine (NASDAQ:BL) Share Price Crosses Below 200 Day Moving Average on Analyst Downgrade

Posted by Francis Steltz on Nov 7th, 2026

BlackLine (NASDAQ:BL – Get Free Report) crossed below its 200-day moving average during trading on Friday after Piper Sandler lowered their price target on the stock from $35.00 to $30.00. The stock has a 200-day moving average of $32.59 and traded as low as $25.56. Piper Sandler currently has a neutral rating on the stock. BlackLine shares last traded at $25.89, with a volume of 2,628,017 shares traded.

A number of other brokerages also recently commented on BL. Weiss Ratings restated a “sell (d+)” rating on shares of BlackLine in a research note on Monday, October 26th. Scotiabank lowered shares of BlackLine to an “outperform” rating in a report on Tuesday, July 21st. DA Davidson cut shares of BlackLine from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $30.00 to $23.00 in a research report on Monday, September 28th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $36.00 target price on shares of BlackLine in a report on Wednesday, August 5th. Finally, Wall Street Zen lowered BlackLine from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 25th. Five analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, BlackLine currently has an average rating of “Hold” and an average price target of $39.08.

Read Our Latest Report on BlackLine

Insider Activity at BlackLine

In other news, Director Therese Tucker sold 70,000 shares of BlackLine stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $31.96, for a total value of $2,237,200.00. Following the sale, the director owned 381,557 shares of the company’s stock, valued at $12,194,561.72. The trade was a 15.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Michelle D. Stalick sold 780 shares of the business’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $33.65, for a total transaction of $26,247.00. Following the sale, the chief accounting officer owned 34,712 shares in the company, valued at $1,168,058.80. The trade was a 2.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 9.10% of the stock is owned by corporate insiders.

Key BlackLine News

Here are the key news stories impacting BlackLine this week:

Positive Sentiment: Third-quarter adjusted earnings were $0.64 per share, ahead of the $0.63 consensus and up from $0.51 a year earlier. Revenue grew 8.5% year over year. BlackLine Q3 Earnings Top Estimates
Negative Sentiment: Quarterly revenue of $193.4 million came in slightly below analysts’ $194.17 million estimate. The company forecast 2026 revenue of $759.5 million to $761.5 million, with the outlook described as slightly below expectations; management cited longer deal cycles and slower Agentic AI consumption. BlackLine anticipates 2026 revenue amid longer deal cycles and slower Agentic AI consumption
Negative Sentiment: Analyst actions reinforced growth concerns: Bank of America reiterated its Sell rating with a $26 price target, while Piper Sandler cut its target from $35 to $30 and maintained a Neutral rating. BlackLine’s Weakening Growth Indicators Support Sell Rating Piper Sandler price target update

Hedge Funds Weigh In On BlackLine

A number of hedge funds have recently added to or reduced their stakes in BL. Fortitude Family Office LLC acquired a new stake in BlackLine in the third quarter worth $25,000. Optiver Holding B.V. lifted its stake in BlackLine by 13,828.6% during the first quarter. Optiver Holding B.V. now owns 975 shares of the technology company’s stock valued at $36,000 after buying an additional 968 shares in the last quarter. Leonteq Securities AG boosted its position in shares of BlackLine by 1,019.6% in the first quarter. Leonteq Securities AG now owns 1,086 shares of the technology company’s stock worth $40,000 after buying an additional 989 shares during the period. Sterling Capital Management LLC increased its stake in BlackLine by 824.0% in the 3rd quarter. Sterling Capital Management LLC now owns 1,617 shares of the technology company’s stock valued at $43,000 after buying an additional 1,442 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in shares of BlackLine by 258.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,908 shares of the technology company’s stock valued at $51,000 after buying an additional 1,375 shares during the last quarter. Institutional investors and hedge funds own 95.13% of the company’s stock.

BlackLine Stock Down 23.1%

The business has a 50-day simple moving average of $30.35 and a two-hundred day simple moving average of $32.59. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 2.12. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 39.23, a PEG ratio of 2.23 and a beta of 0.67.

BlackLine (NASDAQ:BL – Get Free Report) last released its earnings results on Thursday, November 5th. The technology company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.01. The business had revenue of $193.40 million for the quarter, compared to the consensus estimate of $194.17 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 8.5% compared to the same quarter last year. During the same period last year, the business earned $0.51 earnings per share. As a group, equities analysts forecast that BlackLine will post 0.99 earnings per share for the current fiscal year.

About BlackLine

(Get Free Report)

BlackLine, Inc provides cloud-based financial operations and accounting automation software for businesses. Its platform is designed to help accounting and finance teams manage, standardize and automate processes that traditionally rely on spreadsheets, manual data entry and disconnected systems.

The company’s products support financial close and consolidation, account reconciliations, transaction matching, intercompany accounting, accounts receivable automation and invoice-to-cash workflows.