Blackline Inc (NASDAQ:BL) insider Morgan Karole Prager sold 10,000 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $52.30, for a total value of $523,000.00. Following the transaction, the insider now owns 33,158 shares of the company’s stock, valued at $1,734,163.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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.
BL stock traded up $0.12 during trading on Wednesday, hitting $52.20. 421,276 shares of the company’s stock were exchanged, compared to its average volume of 509,992. The stock has a market capitalization of $2.99 billion, a price-to-earnings ratio of -200.77 and a beta of 0.81. Blackline Inc has a 52-week low of $36.85 and a 52-week high of $56.29. The company has a current ratio of 3.87, a quick ratio of 3.87 and a debt-to-equity ratio of 0.99. The business has a 50-day moving average price of $49.84 and a two-hundred day moving average price of $50.10.
Blackline (NASDAQ:BL) last released its quarterly earnings data on Wednesday, November 6th. The technology company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.09. The company had revenue of $74.93 million for the quarter, compared to analysts’ expectations of $72.33 million. Blackline had a negative net margin of 11.36% and a negative return on equity of 4.36%. The firm’s revenue for the quarter was up 27.6% on a year-over-year basis. During the same quarter last year, the company earned $0.07 earnings per share. On average, equities research analysts anticipate that Blackline Inc will post -0.21 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Aperio Group LLC acquired a new position in Blackline during the second quarter worth approximately $38,000. Squar Milner Financial Services LLC increased its holdings in shares of Blackline by 661.2% in the 3rd quarter. Squar Milner Financial Services LLC now owns 784 shares of the technology company’s stock valued at $37,000 after acquiring an additional 681 shares during the period. FTB Advisors Inc. increased its holdings in shares of Blackline by 65.3% in the 2nd quarter. FTB Advisors Inc. now owns 911 shares of the technology company’s stock valued at $48,000 after acquiring an additional 360 shares during the period. Captrust Financial Advisors increased its holdings in shares of Blackline by 183.0% in the 2nd quarter. Captrust Financial Advisors now owns 1,016 shares of the technology company’s stock valued at $54,000 after acquiring an additional 657 shares during the period. Finally, Tower Research Capital LLC TRC raised its position in Blackline by 3,971.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,140 shares of the technology company’s stock valued at $61,000 after purchasing an additional 1,112 shares during the last quarter. 91.37% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have commented on the stock. Zacks Investment Research downgraded shares of Blackline from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Piper Jaffray Companies initiated coverage on Blackline in a research note on Monday, November 25th. They issued a “neutral” rating and a $60.00 price objective on the stock. First Analysis started coverage on Blackline in a report on Friday, October 4th. They issued an “outperform” rating and a $55.00 target price for the company. ValuEngine cut Blackline from a “buy” rating to a “hold” rating in a research note on Thursday, October 10th. Finally, TheStreet upgraded Blackline from a “d+” rating to a “c” rating in a report on Monday, October 28th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $54.00.
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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