Deutsche Bank AG Has $2.38 Million Stock Position in BlackLine $BL

Deutsche Bank AG decreased its stake in shares of BlackLine (NASDAQ:BL) by 8.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 49,105 shares of the technology company’s stock after selling 4,706 shares during the quarter. Deutsche Bank AG owned about 0.08% of BlackLine worth $2,378,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Westwood Holdings Group Inc. increased its position in shares of BlackLine by 106.4% during the 1st quarter. Westwood Holdings Group Inc. now owns 1,186,347 shares of the technology company’s stock worth $57,443,000 after purchasing an additional 611,499 shares during the last quarter. Topline Capital Management LLC acquired a new position in shares of BlackLine during the 4th quarter worth approximately $60,572,000. Brown Advisory Inc. increased its position in shares of BlackLine by 38.8% during the 4th quarter. Brown Advisory Inc. now owns 783,437 shares of the technology company’s stock worth $47,602,000 after purchasing an additional 218,976 shares during the last quarter. Northern Trust Corp increased its position in shares of BlackLine by 14.9% during the 4th quarter. Northern Trust Corp now owns 745,397 shares of the technology company’s stock worth $45,290,000 after purchasing an additional 96,523 shares during the last quarter. Finally, Tensile Capital Management LP increased its position in shares of BlackLine by 16.5% during the 4th quarter. Tensile Capital Management LP now owns 740,997 shares of the technology company’s stock worth $45,023,000 after purchasing an additional 105,000 shares during the last quarter. Institutional investors and hedge funds own 95.13% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Morgan Stanley lifted their target price on BlackLine from $65.00 to $68.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 6th. Truist Financial lifted their target price on BlackLine from $45.00 to $50.00 and gave the stock a “hold” rating in a research note on Thursday, August 7th. Zacks Research upgraded BlackLine to a “strong sell” rating in a research note on Friday, August 8th. Raymond James Financial upgraded BlackLine from a “market perform” rating to an “outperform” rating and set a $67.00 target price for the company in a research note on Tuesday, July 29th. Finally, Citigroup reiterated a “buy” rating and set a $67.00 target price (up from $58.00) on shares of BlackLine in a research note on Wednesday, July 16th. Five investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $61.08.

BlackLine Stock Performance

BL opened at $52.23 on Thursday. The business has a fifty day simple moving average of $54.63 and a 200 day simple moving average of $52.31. The company has a market capitalization of $3.23 billion, a PE ratio of 40.49, a price-to-earnings-growth ratio of 8.51 and a beta of 0.91. BlackLine has a 1 year low of $40.82 and a 1 year high of $66.25. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.64 and a quick ratio of 1.64.

BlackLine (NASDAQ:BL) last released its quarterly earnings results on Tuesday, August 5th. The technology company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.01. The business had revenue of $172.03 million during the quarter, compared to the consensus estimate of $170.87 million. BlackLine had a return on equity of 15.95% and a net margin of 13.05%.The firm’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.58 EPS. BlackLine has set its FY 2025 guidance at 2.130-2.240 EPS. Q3 2025 guidance at 0.480-0.510 EPS. Research analysts expect that BlackLine will post 0.9 EPS for the current year.

Insider Buying and Selling at BlackLine

In other news, CAO Michelle D. Stalick sold 795 shares of the company’s stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $55.14, for a total transaction of $43,836.30. Following the completion of the sale, the chief accounting officer directly owned 25,235 shares in the company, valued at approximately $1,391,457.90. This represents a 3.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 8.60% of the company’s stock.

BlackLine Profile

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.