Insider Selling: BlackLine, Inc. (NASDAQ:BL) Director Sells $33,410.00 in Stock


BlackLine, Inc. (NASDAQ:BLGet a rating) Director Thomas Unterman sold 500 BlackLine shares in a trade dated Monday, May 2. The stock was sold at an average price of $66.82, for a total value of $33,410.00. Following the completion of the sale, the director now owns 45,801 shares of the company, valued at $3,060,422.82. The transaction was disclosed in a document filed with the SEC, accessible via this link.

Thomas Unterman also recently made the following trade(s):

  • On Friday, April 1, Thomas Unterman sold 500 BlackLine shares. The stock was sold at an average price of $73.35, for a total value of $36,675.00.
  • On Tuesday, February 22, Thomas Unterman sold 500 BlackLine shares. The stock was sold at an average price of $71.13, for a total value of $35,565.00.

Shares of NASDAQ:BL opened at $67.12 on Tuesday. The stock has a 50-day moving average of $70.86 and a 200-day moving average of $92.49. The company has a market capitalization of $3.98 billion, a PE ratio of -34.07 and a beta of 0.90. The company has a current ratio of 4.18, a quick ratio of 4.18 and a debt ratio of 3.43. BlackLine, Inc. has a 12-month low of $64.03 and a 12-month high of $135.00.

Black line (NASDAQ:BLGet a rating) last reported quarterly earnings data on Thursday, February 10. The tech company reported ($0.21) earnings per share (EPS) for the quarter, missing Zacks’ consensus estimate of ($0.18) by ($0.03). The company posted revenue of $115.30 million for the quarter, versus a consensus estimate of $113.55 million. BlackLine had a negative net margin of 27.05% and a negative return on equity of 7.63%. The company’s revenue increased by 20.5% compared to the same quarter last year. In the same quarter last year, the company posted ($0.04) earnings per share. Equity research analysts expect BlackLine, Inc. to post -1.14 earnings per share for the current fiscal year.

Large investors have recently changed their positions in the stock. Pinebridge Investments LP bought a new position in shares of BlackLine during Q4 worth approximately $41,000. Mascoma Wealth Management LLC bought a new position in BlackLine in Q1 worth approximately $48,000. Maverick Capital Ltd. bought a new position in BlackLine in Q4 worth about $60,000. Confluence Wealth Services Inc. bought a new position in BlackLine in Q4 worth approximately $61,000. Finally, CVA Family Office LLC bought a new position in BlackLine in Q4 worth approximately $64,000.

Several research companies have recently commented on BL. Piper Sandler cut her price target on BlackLine from $130.00 to $112.00 and set an “overweight” rating for the company in a Friday, February 11 report. StockNews.com downgraded BlackLine from a “hold” rating to a “sell” rating in a Wednesday, April 13 report. Citigroup launched coverage on BlackLine in a research note on Tuesday, February 1. They set a “holding” rating and a price target of $92.00 for the company. Robert W. Baird reduced his price target on BlackLine from $132.00 to $105.00 in a Friday, February 11 research note. To finish, Zacks Investment Research upgraded BlackLine from a “sell” rating to a “hold” rating in a Wednesday, April 13 research note. One research analyst gave the stock a sell rating, three gave the company a hold rating and four gave the company a buy rating. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $110.38.

About BlackLine (Get a rating)

BlackLine, Inc provides cloud-based solutions to automate and streamline accounting and financial operations worldwide. It offers financial close management solutions, such as account reconciliations that provide a centralized workspace for users to collaborate on account reconciliations; transaction matching which analyzes and reconciles high volumes of individual transactions; and task management to create and manage processes and task lists.

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