Blackline Inc (NASDAQ:BL) insider Mario Spanicciati sold 10,625 shares of the business’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $33.57, for a total value of $356,681.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Monday, October 9th, Mario Spanicciati sold 10,625 shares of Blackline stock. The stock was sold at an average price of $33.49, for a total value of $355,831.25.
  • On Monday, October 2nd, Mario Spanicciati sold 10,625 shares of Blackline stock. The stock was sold at an average price of $34.14, for a total value of $362,737.50.
  • On Monday, September 25th, Mario Spanicciati sold 10,625 shares of Blackline stock. The stock was sold at an average price of $33.01, for a total value of $350,731.25.
  • On Monday, September 18th, Mario Spanicciati sold 10,625 shares of Blackline stock. The stock was sold at an average price of $32.99, for a total value of $350,518.75.
  • On Tuesday, September 12th, Mario Spanicciati sold 12,750 shares of Blackline stock. The stock was sold at an average price of $33.32, for a total value of $424,830.00.
  • On Tuesday, September 5th, Mario Spanicciati sold 10,625 shares of Blackline stock. The stock was sold at an average price of $30.45, for a total value of $323,531.25.
  • On Tuesday, August 29th, Mario Spanicciati sold 2,125 shares of Blackline stock. The stock was sold at an average price of $30.00, for a total value of $63,750.00.
  • On Monday, August 28th, Mario Spanicciati sold 8,500 shares of Blackline stock. The stock was sold at an average price of $29.28, for a total value of $248,880.00.
  • On Monday, August 21st, Mario Spanicciati sold 8,500 shares of Blackline stock. The stock was sold at an average price of $29.25, for a total value of $248,625.00.
  • 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.

Shares of Blackline Inc (NASDAQ:BL) traded up 0.54% during trading on Tuesday, reaching $33.54. The company’s stock had a trading volume of 77,309 shares. The stock’s market cap is $1.76 billion. The company has a 50 day moving average of $33.02 and a 200-day moving average of $33.42. Blackline Inc has a 12-month low of $21.66 and a 12-month high of $40.28.

Blackline (NASDAQ:BL) last posted its quarterly earnings data on Thursday, August 3rd. The technology company reported ($0.03) earnings per share (EPS) for the quarter, beating the 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 return on equity of 6.54% and a negative net margin of 27.89%. The firm’s revenue was up 45.9% compared to the same quarter last year. Analysts forecast that Blackline Inc will post ($0.17) EPS for the current year.

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BL has been the topic of a number of analyst reports. BidaskClub raised Blackline from a “hold” rating to a “buy” rating in a research note on Saturday, September 2nd. KeyCorp reaffirmed a “buy” rating and issued a $39.00 price target on shares of Blackline in a research note on Friday, September 22nd. Robert W. Baird set a $42.00 price target on Blackline and gave the stock a “buy” rating in a research note on Sunday, October 1st. ValuEngine raised Blackline from a “sell” rating to a “hold” rating in a research note on Tuesday, June 20th. Finally, Zacks Investment Research raised Blackline from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research note on Wednesday, August 9th. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $36.67.

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 (NASDAQ:BL)

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