BlackLine (NASDAQ:BL) Stock Price Down 5.1% – Time to Sell?

BlackLine (NASDAQ:BL)’s share price was down 5.1% on Thursday . The stock traded as low as $29.13 and last traded at $29.2750. Approximately 74,530 shares changed hands during mid-day trading, a decline of 94% from the average daily volume of 1,236,297 shares. The stock had previously closed at $30.84.

Analyst Upgrades and Downgrades

Several analysts have weighed in on BL shares. Wall Street Zen cut shares of BlackLine from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 17th. Bank of America started coverage on shares of BlackLine in a research note on Tuesday, May 12th. They issued an “underperform” rating and a $26.00 price objective for the company. Truist Financial dropped their price objective on shares of BlackLine from $50.00 to $32.00 and set a “hold” rating for the company in a research note on Thursday, May 7th. Citizens Jmp reiterated a “market outperform” rating and issued a $70.00 price objective on shares of BlackLine in a research note on Tuesday, April 28th. Finally, Citigroup dropped their price objective 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. Five equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, BlackLine has an average rating of “Hold” and a consensus price target of $43.67.

BlackLine Stock Down 0.1%

The firm’s 50-day moving average price is $32.89 and its 200 day moving average price is $44.28. The company has a market capitalization of $1.70 billion, a price-to-earnings ratio of 67.21 and a beta of 0.69. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 2.18.

BlackLine (NASDAQ:BL) last issued its earnings results on Tuesday, May 5th. The technology company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.45 by $0.11. The company had revenue of $183.16 million during the quarter, compared to analysts’ expectations of $181.00 million. BlackLine had a net margin of 3.71% and a return on equity of 18.86%. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.49 EPS. BlackLine has set its FY 2026 guidance at 2.420-2.530 EPS and its Q2 2026 guidance at 0.570-0.590 EPS. On average, sell-side analysts forecast that BlackLine will post 1.1 EPS for the current fiscal year.

Insider Activity at BlackLine

In other news, Director Gregory Hughes sold 1,637 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $30.25, for a total value of $49,519.25. Following the completion of the transaction, the director directly owned 7,755 shares in the company, valued at approximately $234,588.75. The trade was a 17.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 9.10% of the company’s stock.

Hedge Funds Weigh In On BlackLine

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Measured Wealth Private Client Group LLC acquired a new position in BlackLine during the 3rd quarter worth approximately $25,000. Kestra Advisory Services LLC acquired a new position in BlackLine during the 4th quarter worth approximately $28,000. Aster Capital Management DIFC Ltd acquired a new position in BlackLine during the 3rd quarter worth approximately $38,000. MAI Capital Management increased its position in BlackLine by 10,000.0% during the 3rd quarter. MAI Capital Management now owns 707 shares of the technology company’s stock worth $38,000 after purchasing an additional 700 shares in the last quarter. Finally, Bayforest Capital Ltd acquired a new position in BlackLine during the 4th quarter worth approximately $40,000. 95.13% of the stock is currently owned by institutional investors and hedge funds.

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.