Blackline Inc (NASDAQ:BL) insider Mario Spanicciati sold 10,625 shares of the business’s stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $34.06, for a total transaction of $361,887.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

  • On Monday, October 16th, Mario Spanicciati sold 10,625 shares of Blackline stock. The shares were sold at an average price of $33.57, for a total transaction of $356,681.25.
  • On Monday, October 9th, Mario Spanicciati sold 10,625 shares of Blackline stock. The shares were sold at an average price of $33.49, for a total transaction of $355,831.25.
  • On Monday, October 2nd, Mario Spanicciati sold 10,625 shares of Blackline stock. The shares were sold at an average price of $34.14, for a total transaction of $362,737.50.
  • On Monday, September 25th, Mario Spanicciati sold 10,625 shares of Blackline stock. The shares were sold at an average price of $33.01, for a total transaction of $350,731.25.
  • On Monday, September 18th, Mario Spanicciati sold 10,625 shares of Blackline stock. The shares were sold at an average price of $32.99, for a total transaction of $350,518.75.
  • On Tuesday, September 12th, Mario Spanicciati sold 12,750 shares of Blackline stock. The shares were sold at an average price of $33.32, for a total transaction of $424,830.00.
  • On Tuesday, September 5th, Mario Spanicciati sold 10,625 shares of Blackline stock. The shares were sold at an average price of $30.45, for a total transaction of $323,531.25.
  • On Tuesday, August 29th, Mario Spanicciati sold 2,125 shares of Blackline stock. The shares were sold at an average price of $30.00, for a total transaction of $63,750.00.
  • On Monday, August 28th, Mario Spanicciati sold 8,500 shares of Blackline stock. The shares were sold at an average price of $29.28, for a total transaction of $248,880.00.
  • On Monday, August 21st, Mario Spanicciati sold 8,500 shares of Blackline stock. The shares were sold at an average price of $29.25, for a total transaction of $248,625.00.

Blackline Inc (BL) traded up 0.50% on Tuesday, reaching $34.17. 126,810 shares of the company’s stock traded hands. Blackline Inc has a 12 month low of $21.66 and a 12 month high of $40.28. The firm’s 50 day moving average price is $33.54 and its 200 day moving average price is $33.60. The company’s market cap is $1.79 billion.

Blackline (NASDAQ:BL) last announced its earnings results on Thursday, August 3rd. The technology company reported ($0.03) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.15) by $0.12. Blackline had a negative net margin of 27.89% and a negative return on equity of 6.54%. The firm had revenue of $42.30 million for the quarter, compared to analysts’ expectations of $41.45 million. The business’s revenue for the quarter was up 45.9% on a year-over-year basis. On average, equities analysts expect that Blackline Inc will post ($0.17) EPS for the current fiscal year.

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Several research analysts have weighed in on BL shares. Zacks Investment Research downgraded shares of Blackline from a “buy” rating to a “hold” rating in a report on Monday, July 10th. JMP Securities started coverage on shares of Blackline in a report on Monday, June 26th. They set a “market perform” rating on the stock. SunTrust Banks, Inc. started coverage on shares of Blackline in a report on Monday, June 26th. They set a “buy” rating and a $43.00 price objective on the stock. BidaskClub upgraded shares of Blackline from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 14th. Finally, KeyCorp restated a “buy” rating and set a $39.00 price objective on shares of Blackline in a report on Friday, September 22nd. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target 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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