Public Employees Retirement System of Ohio Acquires 28,196 Shares of BlackLine $BL

Public Employees Retirement System of Ohio lifted its stake in BlackLine (NASDAQ:BL) by 36.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 105,889 shares of the technology company’s stock after buying an additional 28,196 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.17% of BlackLine worth $5,995,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Strs Ohio acquired a new position in BlackLine in the 1st quarter valued at $82,000. Asset Management One Co. Ltd. raised its stake in BlackLine by 67.6% in the first quarter. Asset Management One Co. Ltd. now owns 2,122 shares of the technology company’s stock valued at $103,000 after purchasing an additional 856 shares in the last quarter. KBC Group NV lifted its position in BlackLine by 33.9% during the first quarter. KBC Group NV now owns 2,919 shares of the technology company’s stock worth $141,000 after purchasing an additional 739 shares during the period. Virtus Advisers LLC bought a new stake in BlackLine during the first quarter worth about $182,000. Finally, Bayforest Capital Ltd grew its stake in BlackLine by 282.6% during the first quarter. Bayforest Capital Ltd now owns 4,277 shares of the technology company’s stock worth $207,000 after buying an additional 3,159 shares in the last quarter. Institutional investors and hedge funds own 95.13% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. DA Davidson restated a “neutral” rating and issued a $56.00 target price on shares of BlackLine in a research report on Wednesday, August 6th. Zacks Research upgraded shares of BlackLine to a “strong sell” rating in a research report on Friday, August 8th. Citigroup reiterated a “buy” rating and issued a $67.00 price target (up previously from $58.00) on shares of BlackLine in a research note on Wednesday, July 16th. JMP Securities reissued a “market outperform” rating and set a $80.00 price target on shares of BlackLine in a report on Thursday, September 11th. Finally, BMO Capital Markets upped their price objective on BlackLine from $60.00 to $63.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 6th. Five equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $60.58.

BlackLine Stock Performance

NASDAQ BL opened at $52.84 on Monday. The firm’s fifty day moving average price is $53.53 and its two-hundred day moving average price is $52.48. The stock has a market cap of $3.27 billion, a PE ratio of 40.96, a PEG ratio of 8.67 and a beta of 0.95. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.64 and a current ratio of 1.64. BlackLine has a fifty-two week low of $40.82 and a fifty-two week high of $66.25.

BlackLine (NASDAQ:BL) last announced its quarterly earnings results on Tuesday, August 5th. The technology company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.01. The company had revenue of $172.03 million during the quarter, compared to analysts’ expectations of $170.87 million. BlackLine had a return on equity of 15.95% and a net margin of 13.05%.BlackLine’s revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the company earned $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. On average, equities analysts expect that BlackLine will post 0.9 EPS for the current fiscal year.

Insider Transactions at BlackLine

In other news, Director Thomas Unterman sold 910 shares of the business’s stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $55.00, for a total transaction of $50,050.00. Following the sale, the director directly owned 42,745 shares in the company, valued at approximately $2,350,975. The trade was a 2.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Michelle D. Stalick sold 664 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $54.03, for a total value of $35,875.92. Following the completion of the transaction, the chief accounting officer directly owned 23,830 shares of the company’s stock, valued at $1,287,534.90. This represents a 2.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,369 shares of company stock worth $186,155 over the last three months. Insiders own 8.60% of the company’s stock.

BlackLine Company 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.