Insider Selling: Blackline Inc (NASDAQ:BL) Insider Sells 10,000 Shares of Stock

Blackline Inc (NASDAQ:BL) insider Morgan Karole Prager sold 10,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $52.30, for a total value of $523,000.00. Following the completion of the transaction, the insider now directly owns 33,158 shares of the company’s stock, valued at approximately $1,734,163.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Morgan Karole Prager also recently made the following trade(s):

  • On Monday, November 25th, Morgan Karole Prager sold 4,130 shares of Blackline stock. The shares were sold at an average price of $55.00, for a total value of $227,150.00.

Shares of BL traded up $0.12 during mid-day trading on Wednesday, hitting $52.20. 421,276 shares of the company were exchanged, compared to its average volume of 509,992. The stock has a market cap of $2.99 billion, a price-to-earnings ratio of -200.77 and a beta of 0.81. Blackline Inc has a 1-year low of $36.85 and a 1-year high of $56.29. The company has a 50 day moving average of $49.84 and a 200-day moving average of $50.10. The company has a debt-to-equity ratio of 0.99, a quick ratio of 3.87 and a current ratio of 3.87.

Blackline (NASDAQ:BL) last posted its quarterly earnings data on Wednesday, November 6th. The technology company reported $0.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.09. Blackline had a negative return on equity of 4.36% and a negative net margin of 11.36%. The company had revenue of $74.93 million for the quarter, compared to analysts’ expectations of $72.33 million. During the same period in the previous year, the firm posted $0.07 EPS. Blackline’s revenue was up 27.6% compared to the same quarter last year. Research analysts anticipate that Blackline Inc will post -0.21 earnings per share for the current fiscal year.

A number of analysts have recently commented on the company. BidaskClub upgraded Blackline from a “hold” rating to a “buy” rating in a research report on Wednesday, November 27th. TheStreet upgraded Blackline from a “d+” rating to a “c” rating in a research report on Monday, October 28th. Zacks Investment Research lowered Blackline from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. ValuEngine cut shares of Blackline from a “buy” rating to a “hold” rating in a research note on Thursday, October 10th. Finally, First Analysis started coverage on shares of Blackline in a report on Friday, October 4th. They issued an “outperform” rating and a $55.00 price target for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $54.00.

Several institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Blackline by 1.6% in the second quarter. Vanguard Group Inc. now owns 3,908,283 shares of the technology company’s stock worth $209,133,000 after acquiring an additional 63,253 shares during the last quarter. BlackRock Inc. increased its position in shares of Blackline by 12.6% during the second quarter. BlackRock Inc. now owns 3,119,985 shares of the technology company’s stock worth $166,949,000 after purchasing an additional 349,712 shares in the last quarter. DF Dent & Co. Inc. increased its position in shares of Blackline by 5.0% during the second quarter. DF Dent & Co. Inc. now owns 3,068,905 shares of the technology company’s stock worth $164,217,000 after purchasing an additional 147,453 shares in the last quarter. Invesco Ltd. raised its stake in Blackline by 17.9% in the 2nd quarter. Invesco Ltd. now owns 1,408,704 shares of the technology company’s stock valued at $75,379,000 after purchasing an additional 213,931 shares during the last quarter. Finally, Conestoga Capital Advisors LLC raised its stake in Blackline by 2.6% in the 2nd quarter. Conestoga Capital Advisors LLC now owns 1,149,659 shares of the technology company’s stock valued at $61,518,000 after purchasing an additional 29,432 shares during the last quarter. 91.37% of the stock is owned by institutional investors and hedge funds.

About Blackline

BlackLine, Inc provides financial accounting close solutions delivered primarily as Software as a Service in the United States and internationally. Its solutions enable its customers to address various aspects of their financial closing process, including account reconciliations, variance analysis of account balances, journal entry capabilities, and range of data matching capabilities.

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Insider Buying and Selling by Quarter for Blackline (NASDAQ:BL)

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