2,087,081 Shares in BlackLine $BL Acquired by ICONIQ Capital LLC

ICONIQ Capital LLC bought a new position in BlackLine (NASDAQ:BL) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,087,081 shares of the technology company’s stock, valued at approximately $58,584,000. BlackLine makes up about 1.7% of ICONIQ Capital LLC’s holdings, making the stock its 10th biggest position.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Measured Wealth Private Client Group LLC purchased a new position in shares of BlackLine during the third quarter worth approximately $25,000. Kestra Advisory Services LLC bought a new stake in shares of BlackLine in the 4th quarter worth approximately $28,000. Optiver Holding B.V. boosted its stake in shares of BlackLine by 13,828.6% in the 1st quarter. Optiver Holding B.V. now owns 975 shares of the technology company’s stock valued at $36,000 after purchasing an additional 968 shares in the last quarter. Leonteq Securities AG boosted its stake 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. Finally, Global Retirement Partners LLC grew its holdings in shares of BlackLine by 306.7% during the 4th quarter. Global Retirement Partners LLC now owns 1,220 shares of the technology company’s stock valued at $67,000 after purchasing an additional 920 shares during the last quarter. 95.13% of the stock is currently owned by institutional investors.

Insider Activity at BlackLine

In other news, Director Mika Yamamoto sold 3,000 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $28.48, for a total transaction of $85,440.00. Following the completion of the transaction, the director directly owned 16,692 shares of the company’s stock, valued at approximately $475,388.16. This represents a 15.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 9.10% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on BL. Citizens Jmp reiterated a “market outperform” rating and issued a $70.00 target price on shares of BlackLine in a research report on Tuesday, April 28th. DA Davidson set a $30.00 price target on shares of BlackLine in a research report on Thursday, July 9th. Bank of America began coverage on BlackLine in a research note on Tuesday, May 12th. They set an “underperform” rating and a $26.00 price objective on the stock. Robert W. Baird set a $35.00 price objective on BlackLine in a report on Wednesday, August 5th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $33.00 target price (down from $50.00) on shares of BlackLine in a research note on Tuesday, July 21st. Five analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, BlackLine has an average rating of “Hold” and an average target price of $40.08.

BlackLine Price Performance

Shares of NASDAQ BL opened at $31.83 on Monday. The firm’s fifty day moving average is $29.39 and its 200 day moving average is $32.21. BlackLine has a 52 week low of $24.70 and a 52 week high of $59.57. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 2.12. The company has a market cap of $1.85 billion, a price-to-earnings ratio of 55.84, a PEG ratio of 2.11 and a beta of 0.64.

BlackLine (NASDAQ:BL) last announced its quarterly earnings results on Tuesday, August 4th. The technology company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.04. The business had revenue of $187.82 million during the quarter, compared to analysts’ expectations of $186.99 million. BlackLine had a net margin of 4.75% and a return on equity of 20.89%. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the company 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, equities research analysts expect that BlackLine will post 0.98 earnings per share for the current year.

BlackLine 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.