Segall Bryant & Hamill LLC Purchases 34,499 Shares of BlackLine $BL

Segall Bryant & Hamill LLC lifted its position in shares of BlackLine (NASDAQ:BL) by 11.3% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 338,959 shares of the technology company’s stock after buying an additional 34,499 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.57% of BlackLine worth $17,999,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Atlantic Union Bankshares Corp purchased a new position in shares of BlackLine in the second quarter valued at about $27,000. Versant Capital Management Inc raised its stake in BlackLine by 110.4% during the 3rd quarter. Versant Capital Management Inc now owns 667 shares of the technology company’s stock valued at $35,000 after purchasing an additional 350 shares during the period. MAI Capital Management raised its stake in BlackLine by 10,000.0% during the 3rd quarter. MAI Capital Management now owns 707 shares of the technology company’s stock valued at $38,000 after purchasing an additional 700 shares during the period. Aster Capital Management DIFC Ltd purchased a new position in BlackLine in the 3rd quarter worth approximately $38,000. Finally, Bessemer Group Inc. boosted its stake in BlackLine by 22.9% in the 3rd quarter. Bessemer Group Inc. now owns 989 shares of the technology company’s stock worth $53,000 after purchasing an additional 184 shares during the period. Hedge funds and other institutional investors own 95.13% of the company’s stock.

Analyst Upgrades and Downgrades

BL has been the subject of a number of research analyst reports. Rosenblatt Securities reaffirmed a “buy” rating and set a $62.00 price objective on shares of BlackLine in a report on Wednesday, February 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BlackLine in a research note on Monday, December 29th. DA Davidson reduced their price target on shares of BlackLine from $56.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, February 11th. Morgan Stanley reissued an “overweight” rating and set a $68.00 price objective on shares of BlackLine in a report on Wednesday, February 11th. Finally, Citigroup cut their price objective on BlackLine from $70.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, February 11th. Five investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, BlackLine has a consensus rating of “Hold” and a consensus target price of $56.00.

BlackLine Price Performance

BL stock opened at $36.58 on Wednesday. BlackLine has a 52 week low of $31.75 and a 52 week high of $59.57. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 2.00. The company has a fifty day simple moving average of $47.42 and a two-hundred day simple moving average of $52.01. The firm has a market capitalization of $2.18 billion, a P/E ratio of 91.45, a price-to-earnings-growth ratio of 2.61 and a beta of 0.90.

BlackLine (NASDAQ:BL) last posted its earnings results on Tuesday, February 10th. The technology company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.05. BlackLine had a net margin of 3.50% and a return on equity of 18.14%. The firm had revenue of $183.18 million for the quarter, compared to the consensus estimate of $182.98 million. During the same period in the previous year, the firm posted $0.47 EPS. The business’s quarterly revenue was up 8.1% on a year-over-year basis. BlackLine has set its Q1 2026 guidance at 0.440-0.460 EPS and its FY 2026 guidance at 2.370-2.480 EPS. Analysts anticipate that BlackLine will post 0.9 earnings per share for the current fiscal year.

About BlackLine

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.