Blackline Inc (NYSE:BL) insider Mario Spanicciati sold 10,625 shares of the stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $30.31, for a total transaction of $322,043.75. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

  • On Monday, July 31st, Mario Spanicciati sold 12,750 shares of Blackline stock. The stock was sold at an average price of $38.91, for a total transaction of $496,102.50.
  • 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 transaction 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 transaction 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 transaction 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 transaction of $464,100.00.
  • On Monday, July 3rd, Mario Spanicciati sold 12,750 shares of Blackline stock. The stock was sold at an average price of $35.79, for a total transaction of $456,322.50.
  • On Friday, June 16th, Mario Spanicciati sold 5,000 shares of Blackline stock. The stock was sold at an average price of $35.34, for a total transaction of $176,700.00.
  • On Monday, June 12th, Mario Spanicciati sold 25,000 shares of Blackline stock. The stock was sold at an average price of $32.94, for a total transaction 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 transaction of $866,250.00.
  • On Friday, June 2nd, Mario Spanicciati sold 5,000 shares of Blackline stock. The stock was sold at an average price of $35.20, for a total transaction of $176,000.00.

Blackline Inc (NYSE BL) traded down 2.07% during midday trading on Monday, hitting $29.80. 1,334,188 shares of the stock were exchanged. The company’s 50 day moving average is $37.01 and its 200 day moving average is $31.92. Blackline Inc has a 1-year low of $21.66 and a 1-year high of $40.28. The company’s market capitalization is $1.53 billion.

Blackline (NYSE:BL) last issued its quarterly earnings data on Thursday, August 3rd. The technology company reported ($0.03) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.15) by $0.12. Blackline had a negative return on equity of 12.55% and a negative net margin of 23.32%. The company had revenue of $42.30 million during the quarter, compared to analyst estimates of $41.45 million. The business’s revenue was up 45.9% compared to the same quarter last year. Analysts predict that Blackline Inc will post ($0.17) earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently modified their holdings of the company. Fortaleza Asset Management Inc. acquired a new position in shares of Blackline during the second quarter valued at approximately $112,000. 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 valued at $172,000 after buying an additional 1,217 shares during the last quarter. American International Group Inc. acquired a new position in shares of Blackline during the first quarter valued at approximately $173,000. Teachers Advisors LLC acquired a new position in shares of Blackline during the fourth quarter valued at approximately $310,000. Finally, Metropolitan Life Insurance Co. NY acquired a new position in shares of Blackline during the fourth quarter valued at approximately $323,000.

A number of equities research analysts have issued reports on BL shares. Vetr downgraded shares of Blackline from a “strong-buy” rating to a “buy” rating and set a $35.26 price objective on the stock. in a research note on Tuesday, April 11th. Zacks Investment Research downgraded shares of Blackline from a “buy” rating to a “hold” rating in a research note on Wednesday, April 26th. William Blair reiterated an “outperform” rating on shares of Blackline in a research note on Monday, May 8th. ValuEngine upgraded shares of Blackline from a “sell” rating to a “hold” rating in a research note on Tuesday, June 20th. Finally, JMP Securities started coverage on shares of Blackline in a research note on Monday, June 26th. They set a “market perform” rating on the stock. Five equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Blackline presently has an average rating of “Buy” and a consensus price target of $35.62.

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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