Blackline Inc (NYSE:BL) Insider Sells $479,017.50 in Stock

Blackline Inc (NYSE:BL) insider Mario Spanicciati sold 12,750 shares of Blackline stock in a transaction on Monday, July 24th. The stock was sold at an average price of $37.57, for a total transaction of $479,017.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Mario Spanicciati also recently made the following trade(s):

  • On Monday, August 14th, Mario Spanicciati sold 10,625 shares of Blackline stock. The stock was sold at an average price of $29.88, for a total transaction of $317,475.00.
  • On Monday, August 7th, Mario Spanicciati sold 10,625 shares of Blackline stock. The stock was sold at an average price of $30.31, for a total transaction of $322,043.75.
  • On Monday, July 31st, Mario Spanicciati sold 12,750 shares of Blackline stock. The stock was sold at an average price of $38.91, for a total transaction of $496,102.50.
  • On Friday, July 28th, Mario Spanicciati sold 4,250 shares of Blackline stock. The stock was sold at an average price of $40.00, for a total transaction of $170,000.00.
  • On Monday, July 17th, Mario Spanicciati sold 12,750 shares of Blackline stock. The stock was sold at an average price of $36.93, for a total transaction of $470,857.50.
  • On Monday, July 10th, Mario Spanicciati sold 12,750 shares of Blackline stock. The stock was sold at an average price of $36.40, for a total transaction of $464,100.00.
  • On Monday, July 3rd, Mario Spanicciati sold 12,750 shares of Blackline stock. The stock was sold at an average price of $35.79, for a total transaction of $456,322.50.
  • On Friday, June 16th, Mario Spanicciati sold 5,000 shares of Blackline stock. The stock was sold at an average price of $35.34, for a total transaction of $176,700.00.
  • On Monday, June 12th, Mario Spanicciati sold 25,000 shares of Blackline stock. The stock was sold at an average price of $32.94, for a total transaction of $823,500.00.
  • On Monday, June 5th, Mario Spanicciati sold 25,000 shares of Blackline stock. The stock was sold at an average price of $34.65, for a total transaction of $866,250.00.

Blackline Inc (BL) traded down 0.13% during midday trading on Friday, reaching $29.81. 174,512 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $35.18 and its 200-day moving average price is $32.16. Blackline Inc has a one year low of $21.66 and a one year high of $40.28. The stock’s market cap is $1.56 billion.

Blackline (NYSE:BL) last posted its quarterly earnings results on Thursday, August 3rd. The technology company reported ($0.03) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.12. Blackline had a negative return on equity of 13.96% and a negative net margin of 23.91%. The company had revenue of $42.30 million for the quarter, compared to analysts’ expectations of $41.45 million. Blackline’s quarterly revenue was up 45.9% on a year-over-year basis. Equities analysts predict that Blackline Inc will post ($0.17) earnings per share for the current year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd acquired a new position in Blackline during the second quarter worth approximately $341,000. DF Dent & Co. Inc. boosted its position in Blackline by 260.6% in the second quarter. DF Dent & Co. Inc. now owns 1,871,273 shares of the technology company’s stock worth $66,879,000 after buying an additional 1,352,380 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in Blackline by 15.9% in the second quarter. The Manufacturers Life Insurance Company now owns 9,953 shares of the technology company’s stock worth $356,000 after buying an additional 1,364 shares in the last quarter. State Street Corp boosted its position in Blackline by 28.2% in the second quarter. State Street Corp now owns 179,583 shares of the technology company’s stock worth $6,420,000 after buying an additional 39,525 shares in the last quarter. Finally, Royal Bank of Canada boosted its position in Blackline by 308.6% in the second quarter. Royal Bank of Canada now owns 3,955 shares of the technology company’s stock worth $142,000 after buying an additional 2,987 shares in the last quarter.

BL has been the topic of a number of research analyst reports. Vetr raised shares of Blackline from a “buy” rating to a “strong-buy” rating and set a $36.70 price target on the stock in a report on Monday, April 24th. JMP Securities began coverage on shares of Blackline in a report on Monday, June 26th. They set a “market perform” rating on the stock. Zacks Investment Research raised shares of Blackline from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a report on Wednesday, August 9th. William Blair reaffirmed an “outperform” rating on shares of Blackline in a report on Monday, May 8th. Finally, SunTrust Banks, Inc. began coverage on shares of Blackline in a report on Monday, June 26th. They set a “buy” rating and a $43.00 price objective on the stock. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Blackline presently has an average rating of “Buy” and an average price target of $34.78.

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.

Insider Buying and Selling by Quarter for Blackline (NYSE:BL)

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