Blackline (BL) Set to Announce Earnings on Thursday

Blackline (NASDAQ:BL) is scheduled to be releasing its earnings data after the market closes on Thursday, February 15th. Analysts expect Blackline to post earnings of ($0.09) per share for the quarter.

Shares of Blackline (NASDAQ:BL) opened at $33.50 on Tuesday. Blackline has a 12 month low of $26.72 and a 12 month high of $40.28. The stock has a market capitalization of $1,770.00 and a P/E ratio of -35.26.

A number of research firms recently weighed in on BL. BidaskClub raised Blackline from a “hold” rating to a “buy” rating in a report on Tuesday, November 14th. JMP Securities raised Blackline from a “market perform” rating to an “outperform” rating in a report on Thursday, November 16th. SunTrust Banks reissued a “buy” rating and set a $42.00 target price on shares of Blackline in a report on Friday, November 3rd. JPMorgan Chase & Co. lowered Blackline from a “neutral” rating to an “underweight” rating and set a $27.00 target price on the stock. in a report on Thursday, January 25th. Finally, KeyCorp reissued a “buy” rating and set a $39.00 target price on shares of Blackline in a report on Sunday, October 22nd. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $36.78.

In other Blackline news, CMO Mario Spanicciati sold 12,750 shares of the company’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $38.17, for a total value of $486,667.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Therese Tucker sold 2,000 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $35.31, for a total value of $70,620.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,540,250 shares of company stock worth $154,798,703. Insiders own 22.35% of the company’s stock.

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Blackline Company Profile

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.

Earnings History for Blackline (NASDAQ:BL)

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