State of Wyoming Takes $752,000 Position in BlackLine $BL

State of Wyoming bought a new position in shares of BlackLine (NASDAQ:BL) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 26,784 shares of the technology company’s stock, valued at approximately $752,000.

Several other institutional investors have also modified their holdings of the business. Measured Wealth Private Client Group LLC purchased a new position in BlackLine in the third quarter valued at about $25,000. Kestra Advisory Services LLC acquired a new stake in BlackLine during the 4th quarter valued at approximately $28,000. Bayforest Capital Ltd purchased a new stake in BlackLine during the 4th quarter worth approximately $40,000. Optiver Holding B.V. increased its holdings in BlackLine by 13,828.6% during the 1st quarter. Optiver Holding B.V. now owns 975 shares of the technology company’s stock worth $36,000 after purchasing an additional 968 shares during the last quarter. Finally, Leonteq Securities AG raised its position in shares of BlackLine by 1,019.6% in the 1st quarter. Leonteq Securities AG now owns 1,086 shares of the technology company’s stock valued at $40,000 after purchasing an additional 989 shares in the last quarter. Institutional investors and hedge funds own 95.13% of the company’s stock.

Insider Activity at BlackLine

In other BlackLine news, Director Mika Yamamoto sold 3,000 shares of BlackLine stock in a transaction on Friday, June 5th. The shares were sold at an average price of $28.48, for a total value of $85,440.00. Following the completion of the transaction, the director owned 16,692 shares of the company’s stock, valued at $475,388.16. The trade was a 15.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Gregory Hughes sold 1,637 shares of the business’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $30.25, for a total transaction of $49,519.25. Following the sale, the director owned 7,755 shares of the company’s stock, valued at approximately $234,588.75. The trade was a 17.43% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 9.10% of the company’s stock.

BlackLine Price Performance

Shares of BlackLine stock opened at $30.53 on Monday. The business has a 50-day moving average price of $29.12 and a 200 day moving average price of $32.85. BlackLine has a fifty-two week low of $24.70 and a fifty-two week high of $59.57. The firm has a market cap of $1.77 billion, a P/E ratio of 53.56, a P/E/G ratio of 2.02 and a beta of 0.64. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 2.12.

BlackLine (NASDAQ:BL) last released its earnings results on Tuesday, August 4th. The technology company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.04. The company had revenue of $187.82 million for the quarter, compared to the consensus estimate of $186.99 million. BlackLine had a return on equity of 20.89% and a net margin of 4.75%.BlackLine’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.51 EPS. BlackLine has set its FY 2026 guidance at 2.470-2.540 EPS and its Q3 2026 guidance at 0.620-0.650 EPS. On average, sell-side analysts forecast that BlackLine will post 0.98 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Rosenblatt Securities reduced their target price on BlackLine from $46.00 to $45.00 and set a “buy” rating for the company in a research note on Wednesday, May 6th. Citigroup dropped their price target on shares of BlackLine from $60.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, May 7th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $70.00 price target on shares of BlackLine in a report on Tuesday, April 28th. Weiss Ratings raised shares of BlackLine from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, July 28th. Finally, Bank of America started coverage on shares of BlackLine in a research note on Tuesday, May 12th. They set an “underperform” rating and a $26.00 price objective on the stock. Five research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $40.08.

BlackLine Company Profile

BlackLine, Inc is a leading provider of cloud-based software solutions designed to automate and modernize the finance and accounting function. The company’s flagship offering, the BlackLine Finance Controls and Automation Platform, enables organizations to streamline critical processes such as account reconciliations, journal entry management, intercompany accounting, and transaction matching. By delivering a centralized, real-time view of financial data, BlackLine helps companies improve operational efficiency, enhance compliance and strengthen internal controls.

Key products and services within the BlackLine platform include Account Reconciliation, Task Management, Transaction Matching, Journal Entry, and Intercompany Hub.