Insider Selling: BlackLine, Inc. (NASDAQ:BL) CFO Sells 820 Shares of Stock

BlackLine, Inc. (NASDAQ:BL) CFO Mark Partin sold 820 shares of the company’s stock in a transaction that occurred on Friday, September 17th. The shares were sold at an average price of $125.54, for a total value of $102,942.80. Following the completion of the sale, the chief financial officer now owns 94,969 shares in the company, valued at $11,922,408.26. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Mark Partin also recently made the following trade(s):

  • On Friday, September 10th, Mark Partin sold 5,000 shares of BlackLine stock. The shares were sold at an average price of $120.55, for a total value of $602,750.00.
  • On Tuesday, August 10th, Mark Partin sold 5,000 shares of BlackLine stock. The shares were sold at an average price of $112.74, for a total value of $563,700.00.
  • On Monday, July 12th, Mark Partin sold 5,000 shares of BlackLine stock. The stock was sold at an average price of $113.44, for a total value of $567,200.00.

NASDAQ:BL opened at $120.12 on Tuesday. The stock’s fifty day moving average price is $113.90 and its two-hundred day moving average price is $111.23. BlackLine, Inc. has a 52-week low of $81.21 and a 52-week high of $154.61. The company has a debt-to-equity ratio of 3.21, a quick ratio of 4.96 and a current ratio of 4.96. The company has a market cap of $7.02 billion, a price-to-earnings ratio of -77.00 and a beta of 0.89.

BlackLine (NASDAQ:BL) last posted its quarterly earnings data on Thursday, August 5th. The technology company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.17) by $0.09. BlackLine had a negative return on equity of 2.89% and a negative net margin of 23.25%. The firm had revenue of $102.12 million for the quarter, compared to the consensus estimate of $100.99 million. On average, equities analysts predict that BlackLine, Inc. will post -0.58 EPS for the current fiscal year.

BL has been the topic of several recent analyst reports. Zacks Investment Research downgraded BlackLine from a “buy” rating to a “hold” rating in a report on Wednesday, July 7th. TheStreet raised BlackLine from a “d+” rating to a “c” rating in a report on Tuesday, July 13th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $140.30.

Large investors have recently bought and sold shares of the business. Berman Capital Advisors LLC lifted its holdings in BlackLine by 242.6% during the 1st quarter. Berman Capital Advisors LLC now owns 233 shares of the technology company’s stock worth $25,000 after buying an additional 165 shares in the last quarter. Strategic Blueprint LLC acquired a new position in BlackLine during the 2nd quarter worth $40,000. Asset Management One Co. Ltd. lifted its stake in shares of BlackLine by 16.0% in the 2nd quarter. Asset Management One Co. Ltd. now owns 929 shares of the technology company’s stock valued at $103,000 after purchasing an additional 128 shares during the period. FORA Capital LLC acquired a new position in shares of BlackLine in the 1st quarter valued at $111,000. Finally, HM Payson & Co. lifted its stake in shares of BlackLine by 2,156.9% in the 2nd quarter. HM Payson & Co. now owns 1,151 shares of the technology company’s stock valued at $128,000 after purchasing an additional 1,100 shares during the period. 96.50% of the stock is currently owned by hedge funds and other institutional investors.

About BlackLine

BlackLine, Inc operates a cloud-based software platform which is designed to transform accounting and finance operations for organizations of all types and sizes. Its scalable platform supports critical accounting processes such as the financial close, account reconciliations, intercompany accounting, and controls assurance.

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

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