BlackLine (NASDAQ:BL) Stock Gets Price Target Reduction from Morgan Stanley

Posted by Brenda Bartman on Nov 12th, 2026

BlackLine (NASDAQ:BL – Free Report) had its price objective lowered by Morgan Stanley from $30.00 to $28.00 in a research note released on Monday morning,Benzinga reports. Morgan Stanley currently has an equal weight rating on the technology company’s stock.

BL has been the topic of several other reports. DA Davidson downgraded BlackLine from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $30.00 to $23.00 in a research report on Monday, September 28th. Robert W. Baird set a $35.00 price target on BlackLine in a report on Wednesday, August 5th. Scotiabank cut BlackLine to an “outperform” rating in a research report on Tuesday, July 21st. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BlackLine in a research note on Monday, October 26th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $36.00 price objective on shares of BlackLine in a research note on Wednesday, August 5th. Five equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $37.58.

Check Out Our Latest Analysis on BlackLine

BlackLine Trading Up 0.3%

Shares of BlackLine stock opened at $27.42 on Monday. The company’s fifty day simple moving average is $30.01 and its 200-day simple moving average is $32.20. The stock has a market capitalization of $1.57 billion, a PE ratio of 25.31, a P/E/G ratio of 1.80 and a beta of 0.67. BlackLine has a 1-year low of $24.70 and a 1-year high of $59.57. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.69 and a quick ratio of 1.72.

BlackLine (NASDAQ:BL – Get Free Report) last issued its quarterly earnings data on Thursday, November 5th. The technology company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.01. The firm had revenue of $193.40 million during the quarter, compared to the consensus estimate of $194.17 million. BlackLine had a net margin of 5.37% and a return on equity of 23.73%. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.51 EPS. As a group, equities analysts anticipate that BlackLine will post 1.00 earnings per share for the current year.

Insider Buying and Selling

In other BlackLine news, Director Therese Tucker sold 70,000 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the director directly owned 381,557 shares in the company, valued at $12,194,561.72. This represents a 15.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Michelle D. Stalick sold 780 shares of the 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 completion of the sale, the chief accounting officer directly owned 34,712 shares of the company’s stock, valued at approximately $1,168,058.80. This trade represents a 2.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 9.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of BL. Ieq Capital LLC bought a new position in BlackLine in the 3rd quarter worth $220,000. Public Sector Pension Investment Board increased its stake in BlackLine by 88.4% in the 3rd quarter. Public Sector Pension Investment Board now owns 318,883 shares of the technology company’s stock worth $8,460,000 after buying an additional 149,644 shares in the last quarter. Global Retirement Partners LLC raised its holdings in BlackLine by 1,015.7% during the third quarter. Global Retirement Partners LLC now owns 3,771 shares of the technology company’s stock valued at $100,000 after acquiring an additional 3,433 shares during the period. Hantz Financial Services Inc. raised its holdings in BlackLine by 25.9% during the third quarter. Hantz Financial Services Inc. now owns 3,592 shares of the technology company’s stock valued at $95,000 after acquiring an additional 739 shares during the period. Finally, Gagnon Advisors LLC raised its holdings in BlackLine by 98.3% during the third quarter. Gagnon Advisors LLC now owns 257,915 shares of the technology company’s stock valued at $6,842,000 after acquiring an additional 127,865 shares during the period. Institutional investors own 95.13% of the company’s stock.

About BlackLine

(Get Free Report)

BlackLine, Inc. provides cloud-based software that helps organizations automate accounting and finance operations. Its platform supports processes such as financial close management, account reconciliations, intercompany accounting, and financial reporting. The company’s products also help businesses manage accounts receivable and invoice-to-cash workflows, including cash application and collections. BlackLine’s software is designed to work alongside enterprise resource planning systems and other financial applications.