Mark Partin Sells 5,000 Shares of BlackLine, Inc. (NASDAQ:BL) Stock

BlackLine, Inc. (NASDAQ:BL) CFO Mark Partin sold 5,000 shares of the stock in a transaction on Monday, October 11th. The shares were sold at an average price of $117.71, for a total transaction of $588,550.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Thursday, September 23rd, Mark Partin sold 6,680 shares of BlackLine stock. The shares were sold at an average price of $125.91, for a total transaction of $841,078.80.
  • On Friday, September 17th, Mark Partin sold 820 shares of BlackLine stock. The shares were sold at an average price of $125.54, for a total transaction of $102,942.80.
  • On Friday, September 10th, Mark Partin sold 5,000 shares of BlackLine stock. The stock was sold at an average price of $120.55, for a total transaction of $602,750.00.
  • On Tuesday, August 10th, Mark Partin sold 5,000 shares of BlackLine stock. The stock was sold at an average price of $112.74, for a total transaction of $563,700.00.

Shares of BL opened at $122.31 on Thursday. The company has a current ratio of 4.96, a quick ratio of 4.96 and a debt-to-equity ratio of 3.21. The stock has a market cap of $7.14 billion, a P/E ratio of -78.40 and a beta of 0.83. The company has a 50-day moving average of $116.14 and a two-hundred day moving average of $112.32. BlackLine, Inc. has a 12-month low of $88.62 and a 12-month high of $154.61.

BlackLine (NASDAQ:BL) last announced its earnings results on Thursday, August 5th. The technology company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.09. The company had revenue of $102.12 million during the quarter, compared to analysts’ expectations of $100.99 million. BlackLine had a negative net margin of 23.25% and a negative return on equity of 2.89%. As a group, analysts forecast that BlackLine, Inc. will post -0.59 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in BL. FMR LLC grew its holdings in BlackLine by 47.1% in the first quarter. FMR LLC now owns 1,130,651 shares of the technology company’s stock valued at $52,372,000 after purchasing an additional 361,839 shares during the period. Cambridge Investment Research Advisors Inc. grew its holdings in BlackLine by 49.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 3,346 shares of the technology company’s stock valued at $363,000 after purchasing an additional 1,105 shares during the period. Kestra Advisory Services LLC purchased a new stake in BlackLine in the first quarter valued at approximately $266,000. Russell Investments Group Ltd. grew its holdings in BlackLine by 3.3% in the first quarter. Russell Investments Group Ltd. now owns 57,097 shares of the technology company’s stock valued at $6,187,000 after purchasing an additional 1,819 shares during the period. Finally, Teacher Retirement System of Texas grew its holdings in BlackLine by 22.7% in the first quarter. Teacher Retirement System of Texas now owns 5,326 shares of the technology company’s stock valued at $577,000 after purchasing an additional 984 shares during the period. Hedge funds and other institutional investors own 96.50% of the company’s stock.

Several research firms have recently commented on BL. Zacks Investment Research cut shares of BlackLine from a “hold” rating to a “sell” rating in a research note on Wednesday, October 6th. TheStreet upgraded shares of BlackLine from a “d+” rating to a “c” rating in a research note on Tuesday, July 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $140.30.

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.

Read More: What is a management fee?

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

Receive News & Ratings for BlackLine Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackLine and related companies with MarketBeat.com's FREE daily email newsletter.