BlackLine (NASDAQ:BL – Get Free Report) Director Gregory Hughes sold 1,637 shares of BlackLine stock in a transaction that occurred 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 sale, the director owned 7,755 shares of the company’s stock, valued at $234,588.75. This trade represents a 17.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
BlackLine Trading Down 0.1%
NASDAQ BL traded down $0.04 during trading on Friday, hitting $28.90. The stock had a trading volume of 911,101 shares, compared to its average volume of 1,252,179. The company has a market capitalization of $1.70 billion, a PE ratio of 67.21 and a beta of 0.69. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 2.18. The firm has a 50 day moving average price of $33.03 and a 200 day moving average price of $44.39. BlackLine has a twelve month low of $24.70 and a twelve month high of $59.57.
BlackLine (NASDAQ:BL – Get Free Report) last released its earnings results on Tuesday, May 5th. The technology company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.11. The company had revenue of $183.16 million during the quarter, compared to the consensus estimate of $181.00 million. BlackLine had a return on equity of 18.86% and a net margin of 3.71%.BlackLine’s revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.49 EPS. BlackLine has set its FY 2026 guidance at 2.420-2.530 EPS and its Q2 2026 guidance at 0.570-0.590 EPS. As a group, equities research analysts forecast that BlackLine will post 1.1 earnings per share for the current year.
Institutional Investors Weigh In On BlackLine
Analyst Upgrades and Downgrades
Several research firms have commented on BL. Robert W. Baird set a $40.00 price target on shares of BlackLine in a research note on Wednesday, May 6th. Truist Financial dropped their price target 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. Morgan Stanley dropped their price target on shares of BlackLine from $68.00 to $50.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Wall Street Zen downgraded BlackLine from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 17th. Finally, Rosenblatt Securities decreased their price objective on shares of BlackLine from $46.00 to $45.00 and set a “buy” rating for the company in a research note on Wednesday, May 6th. Five investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $43.67.
View Our Latest Stock Analysis on BlackLine
About BlackLine
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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