Hussman Strategic Advisors Inc. Makes New $2.23 Million Investment in BlackLine $BL

Hussman Strategic Advisors Inc. acquired a new stake in BlackLine (NASDAQ:BL) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 42,000 shares of the technology company’s stock, valued at approximately $2,230,000. Hussman Strategic Advisors Inc. owned about 0.07% of BlackLine at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of BL. Atlantic Union Bankshares Corp purchased a new stake in BlackLine during the 2nd quarter valued at $27,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of BlackLine in the second quarter valued at $33,000. Versant Capital Management Inc lifted its holdings in shares of BlackLine by 110.4% in the 3rd quarter. Versant Capital Management Inc now owns 667 shares of the technology company’s stock worth $35,000 after acquiring an additional 350 shares during the last quarter. CWM LLC boosted its stake in shares of BlackLine by 117.3% during the 3rd quarter. CWM LLC now owns 1,243 shares of the technology company’s stock worth $66,000 after purchasing an additional 671 shares during the period. Finally, Huntington National Bank boosted its stake in shares of BlackLine by 57.5% during the 2nd quarter. Huntington National Bank now owns 1,235 shares of the technology company’s stock worth $70,000 after purchasing an additional 451 shares during the period. Institutional investors own 95.13% of the company’s stock.

Wall Street Analyst Weigh In

BL has been the subject of several analyst reports. Zacks Research raised shares of BlackLine from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. BMO Capital Markets reduced their price target on BlackLine from $63.00 to $57.00 and set a “market perform” rating on the stock in a report on Friday, November 7th. DA Davidson raised BlackLine to a “hold” rating in a research note on Monday, November 10th. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of BlackLine in a research report on Tuesday, December 16th. Finally, Morgan Stanley increased their target price on BlackLine from $68.00 to $73.00 and gave the stock an “overweight” rating in a research note on Monday, November 10th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $61.23.

BlackLine Stock Down 2.5%

Shares of NASDAQ:BL opened at $53.15 on Wednesday. BlackLine has a 52-week low of $40.82 and a 52-week high of $66.25. The stock has a market cap of $3.16 billion, a P/E ratio of 47.88, a price-to-earnings-growth ratio of 10.36 and a beta of 0.86. The business’s 50 day moving average is $56.05 and its 200 day moving average is $54.41. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 2.03.

BlackLine (NASDAQ:BL) last issued its earnings results on Thursday, November 6th. The technology company reported $0.51 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.51. BlackLine had a return on equity of 14.51% and a net margin of 11.07%.The business had revenue of $178.29 million during the quarter, compared to analyst estimates of $178.11 million. During the same period in the previous year, the company posted $0.60 EPS. BlackLine’s revenue was up 7.5% on a year-over-year basis. BlackLine has set its FY 2025 guidance at 2.080-2.130 EPS and its Q4 2025 guidance at 0.580-0.610 EPS. Sell-side analysts predict that BlackLine will post 0.9 EPS for the current 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.