Blackline Inc (NYSE:BL) Insider Mario Spanicciati Sells 10,625 Shares

Blackline Inc (NYSE:BL) insider Mario Spanicciati sold 10,625 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $30.31, for a total transaction of $322,043.75. The transaction was disclosed in a filing with the SEC, which is accessible 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, 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 24th, Mario Spanicciati sold 12,750 shares of Blackline stock. The stock was sold at an average price of $37.57, for a total transaction of $479,017.50.
  • 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 (NYSE BL) traded down 0.13% on Friday, hitting $29.81. 174,512 shares of the stock traded hands. The company’s 50 day moving average price is $35.18 and its 200-day moving average price is $32.16. Blackline Inc has a 12-month low of $21.66 and a 12-month high of $40.28. The stock’s market capitalization is $1.56 billion.

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

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A number of analysts recently commented on the stock. Zacks Investment Research upgraded shares of Blackline from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a report on Wednesday, August 9th. ValuEngine upgraded shares of Blackline from a “sell” rating to a “hold” rating in a report on Tuesday, June 20th. SunTrust Banks, Inc. assumed coverage on shares of Blackline in a report on Monday, June 26th. They issued a “buy” rating and a $43.00 target price on the stock. JMP Securities assumed coverage on shares of Blackline in a report on Monday, June 26th. They issued a “market perform” rating on the stock. Finally, Vetr raised shares of Blackline from a “buy” rating to a “strong-buy” rating and set a $36.70 target price on the stock in a research report on Monday, April 24th. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $34.78.

A number of hedge funds have recently made changes to their positions in the company. Fortaleza Asset Management Inc. bought a new stake in shares of Blackline during the second quarter valued at approximately $112,000. Royal Bank of Canada increased its stake in shares of Blackline by 308.6% in the second quarter. Royal Bank of Canada now owns 3,955 shares of the technology company’s stock valued at $142,000 after buying an additional 2,987 shares during the period. Nationwide Fund Advisors increased its stake in shares of Blackline by 26.7% in the first quarter. Nationwide Fund Advisors now owns 5,776 shares of the technology company’s stock valued at $172,000 after buying an additional 1,217 shares during the period. American International Group Inc. bought a new stake in shares of Blackline during the first quarter valued at approximately $173,000. Finally, Nicholas Company Inc. bought a new stake in shares of Blackline during the second quarter valued at approximately $290,000.

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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