Blackline Inc (NASDAQ:BL) CEO Therese Tucker sold 2,000 shares of the company’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $35.31, for a total value of $70,620.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Therese Tucker also recently made the following trade(s):
- On Wednesday, August 23rd, Therese Tucker sold 20,000 shares of Blackline stock. The stock was sold at an average price of $29.12, for a total value of $582,400.00.
Blackline Inc (BL) traded down $0.29 during trading on Friday, reaching $37.24. The company’s stock had a trading volume of 248,905 shares, compared to its average volume of 197,546. Blackline Inc has a 52 week low of $24.14 and a 52 week high of $40.28.
Blackline (NASDAQ:BL) last released its quarterly earnings results on Thursday, November 2nd. The technology company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.18. Blackline had a negative return on equity of 8.00% and a negative net margin of 29.53%. The company had revenue of $45.90 million during the quarter, compared to analysts’ expectations of $44.07 million. During the same period last year, the business posted ($0.05) earnings per share. The firm’s revenue was up 42.5% compared to the same quarter last year. equities research analysts predict that Blackline Inc will post -0.42 EPS for the current year.
TRADEMARK VIOLATION NOTICE: “Therese Tucker Sells 2,000 Shares of Blackline Inc (BL) Stock” was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this news story on another website, it was stolen and reposted in violation of US & international copyright and trademark legislation. The legal version of this news story can be accessed at https://www.dispatchtribunal.com/2017/11/18/therese-tucker-sells-2000-shares-of-blackline-inc-bl-stock.html.
Institutional investors have recently added to or reduced their stakes in the business. Fortaleza Asset Management Inc. raised its stake in Blackline by 98.2% in the third quarter. Fortaleza Asset Management Inc. now owns 6,215 shares of the technology company’s stock valued at $212,000 after buying an additional 3,080 shares during the last quarter. Wolverine Trading LLC purchased a new stake in Blackline in the third quarter valued at about $246,000. First Republic Investment Management Inc. purchased a new stake in Blackline in the third quarter valued at about $257,000. PEAK6 Investments L.P. purchased a new stake in Blackline in the third quarter valued at about $267,000. Finally, American International Group Inc. raised its stake in Blackline by 53.5% in the third quarter. American International Group Inc. now owns 10,455 shares of the technology company’s stock valued at $357,000 after buying an additional 3,646 shares during the last quarter. Institutional investors own 78.85% of the company’s stock.
A number of equities research analysts recently weighed in on BL shares. SunTrust Banks, Inc. restated a “buy” rating and set a $42.00 price objective on shares of Blackline in a research note on Friday, November 3rd. KeyCorp restated a “buy” rating and set a $39.00 price objective on shares of Blackline in a research note on Sunday, October 22nd. BidaskClub upgraded Blackline from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 14th. Zacks Investment Research upgraded Blackline from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research note on Wednesday, August 9th. Finally, JMP Securities upgraded Blackline from a “market perform” rating to an “outperform” rating in a research note on Thursday. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Blackline currently has a consensus rating of “Buy” and an average target price of $36.53.
BlackLine, Inc is a holding company. The Company provides cloud-based software platform that is designed to automate and streamline accounting and finance operations. Its platform supports accounting processes, such as the financial close, account reconciliation, intercompany accounting and controls assurance.
Receive News & Ratings for Blackline Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blackline Inc and related companies with MarketBeat.com's FREE daily email newsletter.