Insider Selling: Blackline Inc (BL) Insider Sells 12,750 Shares of Stock

Blackline Inc (NYSE:BL) insider Mario Spanicciati sold 12,750 shares of the stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $38.91, for a total value of $496,102.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Mario Spanicciati also recently made the following trade(s):

  • On Monday, August 14th, Mario Spanicciati sold 10,625 shares of Blackline stock. The stock was sold at an average price of $29.88, for a total value of $317,475.00.
  • On Monday, August 7th, Mario Spanicciati sold 10,625 shares of Blackline stock. The shares were sold at an average price of $30.31, for a total value of $322,043.75.
  • On Friday, July 28th, Mario Spanicciati sold 4,250 shares of Blackline stock. The stock was sold at an average price of $40.00, for a total value of $170,000.00.
  • On Monday, July 24th, Mario Spanicciati sold 12,750 shares of Blackline stock. The stock was sold at an average price of $37.57, for a total value of $479,017.50.
  • On Monday, July 17th, Mario Spanicciati sold 12,750 shares of Blackline stock. The stock was sold at an average price of $36.93, for a total value of $470,857.50.
  • On Monday, July 10th, Mario Spanicciati sold 12,750 shares of Blackline stock. The stock was sold at an average price of $36.40, for a total value of $464,100.00.
  • On Monday, July 3rd, Mario Spanicciati sold 12,750 shares of Blackline stock. The shares were sold at an average price of $35.79, for a total value of $456,322.50.
  • On Friday, June 16th, Mario Spanicciati sold 5,000 shares of Blackline stock. The shares were sold at an average price of $35.34, for a total value of $176,700.00.
  • On Monday, June 12th, Mario Spanicciati sold 25,000 shares of Blackline stock. The shares were sold at an average price of $32.94, for a total value of $823,500.00.
  • On Monday, June 5th, Mario Spanicciati sold 25,000 shares of Blackline stock. The stock was sold at an average price of $34.65, for a total value of $866,250.00.

Shares of Blackline Inc (NYSE:BL) traded down 0.13% during midday trading on Friday, hitting $29.81. 174,512 shares of the stock traded hands. The firm’s market capitalization is $1.56 billion. Blackline Inc has a 52 week low of $21.66 and a 52 week high of $40.28. The company’s 50-day moving average is $35.18 and its 200 day moving average is $32.16.

Blackline (NYSE:BL) last posted its quarterly earnings results on Thursday, August 3rd. The technology company reported ($0.03) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.12. The business had revenue of $42.30 million during the quarter, compared to analyst estimates of $41.45 million. Blackline had a negative net margin of 23.91% and a negative return on equity of 13.96%. Blackline’s revenue was up 45.9% on a year-over-year basis. Analysts anticipate that Blackline Inc will post ($0.17) earnings per share for the current year.

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Institutional investors have recently bought and sold shares of the company. Fortaleza Asset Management Inc. bought a new position in shares of Blackline during the second quarter worth $112,000. Royal Bank of Canada raised its position in shares of Blackline by 308.6% in the second quarter. Royal Bank of Canada now owns 3,955 shares of the technology company’s stock worth $142,000 after buying an additional 2,987 shares in the last quarter. Nationwide Fund Advisors raised its position in shares of Blackline by 26.7% in the first quarter. Nationwide Fund Advisors now owns 5,776 shares of the technology company’s stock worth $172,000 after buying an additional 1,217 shares in the last quarter. American International Group Inc. bought a new position in shares of Blackline during the first quarter worth $173,000. Finally, Nicholas Company Inc. bought a new position in shares of Blackline during the second quarter worth $290,000.

BL has been the subject of a number of research analyst reports. Vetr upgraded Blackline from a “buy” rating to a “strong-buy” rating and set a $36.70 price objective for the company in a report on Monday, April 24th. Zacks Investment Research cut Blackline from a “buy” rating to a “hold” rating in a research note on Wednesday, April 26th. William Blair restated an “outperform” rating on shares of Blackline in a research report on Monday, May 8th. ValuEngine upgraded shares of Blackline from a “sell” rating to a “hold” rating in a report on Tuesday, June 20th. Finally, JMP Securities started coverage on shares of Blackline in a research note on Monday, June 26th. They issued a “market perform” rating on the stock. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $34.78.

About Blackline

BlackLine, Inc is a holding company. The Company provides cloud-based software platform that is designed to automate and streamline accounting and finance operations. Its platform supports accounting processes, such as the financial close, account reconciliation, intercompany accounting and controls assurance.

Insider Buying and Selling by Quarter for Blackline (NYSE:BL)

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