Vanguard Personalized Indexing Management LLC Acquires Shares of 3,568 BlackLine $BL

Vanguard Personalized Indexing Management LLC acquired a new stake in BlackLine (NASDAQ:BL) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,568 shares of the technology company’s stock, valued at approximately $202,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Strs Ohio bought a new position in BlackLine in the first quarter valued at approximately $82,000. Asset Management One Co. Ltd. boosted 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 acquiring an additional 856 shares during the last quarter. Hennessy Advisors Inc. bought a new position in BlackLine in the second quarter valued at approximately $125,000. KBC Group NV boosted its stake in BlackLine by 33.9% in the first quarter. KBC Group NV now owns 2,919 shares of the technology company’s stock valued at $141,000 after acquiring an additional 739 shares during the last quarter. Finally, Virtus Advisers LLC bought a new position in BlackLine in the first quarter valued at approximately $182,000. 95.13% of the stock is owned by institutional investors.

Insider Buying and Selling at BlackLine

In other news, Director Thomas Unterman sold 910 shares of BlackLine stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $55.00, for a total value of $50,050.00. Following the completion of the transaction, the director owned 42,745 shares of the company’s stock, valued at $2,350,975. This trade represents a 2.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Michelle D. Stalick sold 664 shares of BlackLine stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $54.03, for a total transaction 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 approximately $1,287,534.90. This trade represents a 2.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,484 shares of company stock worth $135,976 over the last quarter. Company insiders own 8.60% of the company’s stock.

Analysts Set New Price Targets

BL has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BlackLine in a research note on Friday. DA Davidson reissued a “neutral” rating and set a $56.00 price target on shares of BlackLine in a research report on Wednesday, August 6th. Raymond James Financial raised shares of BlackLine from a “market perform” rating to an “outperform” rating and set a $67.00 price target on the stock in a research report on Tuesday, July 29th. JMP Securities reissued a “market outperform” rating and set a $80.00 price target on shares of BlackLine in a research report on Thursday, September 11th. Finally, Citigroup reissued a “buy” rating and set a $67.00 price target (up from $58.00) on shares of BlackLine in a research report on Wednesday, July 16th. Five investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $61.55.

BlackLine Stock Down 0.5%

Shares of BL stock opened at $52.56 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.61. BlackLine has a 1 year low of $40.82 and a 1 year high of $66.25. The firm’s fifty day moving average price is $52.77 and its two-hundred day moving average price is $52.91. The firm has a market capitalization of $3.25 billion, a P/E ratio of 40.74, a PEG ratio of 8.62 and a beta of 0.97.

BlackLine (NASDAQ:BL) last issued 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. BlackLine had a net margin of 13.05% and a return on equity of 15.95%. The firm had revenue of $172.03 million for the quarter, compared to analyst estimates of $170.87 million. During the same period in the previous year, the business earned $0.58 EPS. The company’s revenue was up 7.2% compared to the same quarter last year. 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 predict that BlackLine will post 0.9 EPS for the current fiscal year.

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.