Mark Woodhams Sells 9,088 Shares of BlackLine, Inc. (NASDAQ:BL) Stock

BlackLine, Inc. (NASDAQ:BL) CRO Mark Woodhams sold 9,088 shares of the company’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $49.67, for a total transaction of $451,400.96. Following the sale, the executive now directly owns 65,414 shares of the company’s stock, valued at approximately $3,249,113.38. This trade represents a 12.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Thursday, December 12th, Mark Woodhams sold 24,408 shares of BlackLine stock. The stock was sold at an average price of $64.32, for a total transaction of $1,569,922.56.

BlackLine Trading Up 0.3 %

BlackLine stock opened at $49.26 on Wednesday. The company has a 50 day moving average price of $59.15 and a 200 day moving average price of $57.02. BlackLine, Inc. has a 52 week low of $43.37 and a 52 week high of $69.31. The company has a debt-to-equity ratio of 2.00, a quick ratio of 2.69 and a current ratio of 2.59. The firm has a market capitalization of $3.08 billion, a price-to-earnings ratio of 33.97, a P/E/G ratio of 10.80 and a beta of 0.92.

BlackLine (NASDAQ:BL) last posted its quarterly earnings data on Tuesday, February 11th. The technology company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.29). BlackLine had a return on equity of 21.63% and a net margin of 24.67%. Research analysts forecast that BlackLine, Inc. will post 0.9 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Truist Financial decreased their price target on shares of BlackLine from $60.00 to $55.00 and set a “hold” rating for the company in a research report on Wednesday, February 12th. Citigroup decreased their price objective on shares of BlackLine from $73.00 to $70.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. Morgan Stanley upped their price objective on shares of BlackLine from $70.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. JMP Securities reissued a “market outperform” rating and issued a $86.00 price objective on shares of BlackLine in a research report on Wednesday, January 15th. Finally, StockNews.com raised shares of BlackLine from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $66.40.

Institutional Investors Weigh In On BlackLine

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. purchased a new stake in BlackLine in the 4th quarter worth approximately $31,000. Global Retirement Partners LLC lifted its position in BlackLine by 568.4% in the 4th quarter. Global Retirement Partners LLC now owns 528 shares of the technology company’s stock worth $32,000 after buying an additional 449 shares in the last quarter. Quadrant Capital Group LLC lifted its position in BlackLine by 243.5% in the 4th quarter. Quadrant Capital Group LLC now owns 584 shares of the technology company’s stock worth $35,000 after buying an additional 414 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of BlackLine by 41.2% during the 4th quarter. GAMMA Investing LLC now owns 634 shares of the technology company’s stock valued at $39,000 after purchasing an additional 185 shares in the last quarter. Finally, Headlands Technologies LLC bought a new position in shares of BlackLine during the 4th quarter valued at $50,000. Hedge funds and other institutional investors own 95.13% of the company’s stock.

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.