Blackline Inc (NASDAQ:BL) CMO Mario Spanicciati sold 12,750 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $35.05, for a total transaction of $446,887.50. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

  • On Wednesday, October 25th, Mario Spanicciati sold 2,125 shares of Blackline stock. The stock was sold at an average price of $35.00, for a total transaction of $74,375.00.
  • On Monday, October 23rd, Mario Spanicciati sold 10,625 shares of Blackline stock. The stock was sold at an average price of $34.06, for a total transaction of $361,887.50.
  • On Monday, October 16th, Mario Spanicciati sold 10,625 shares of Blackline stock. The stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $30.00, for a total transaction of $63,750.00.

Blackline Inc (NASDAQ BL) traded up 2.01% on Tuesday, reaching $35.52. 162,578 shares of the company’s stock were exchanged. The stock’s market capitalization is $1.86 billion. Blackline Inc has a 12 month low of $21.66 and a 12 month high of $40.28. The firm has a 50 day moving average of $33.90 and a 200 day moving average of $33.74.

Blackline (NASDAQ: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. 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 the consensus estimate of $41.45 million. The business’s quarterly revenue was up 45.9% compared to the same quarter last year. Equities analysts predict that Blackline Inc will post ($0.17) earnings per share for the current fiscal year.

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An institutional investor recently bought a new position in Blackline stock. Conestoga Capital Advisors LLC purchased a new position in shares of Blackline Inc (NASDAQ:BL) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 637,175 shares of the technology company’s stock, valued at approximately $21,740,000. Conestoga Capital Advisors LLC owned approximately 1.21% of Blackline at the end of the most recent reporting period. 78.82% of the stock is owned by hedge funds and other institutional investors.

A number of research firms recently weighed in on BL. KeyCorp reaffirmed a “buy” rating and set a $39.00 price target on shares of Blackline in a report on Sunday, October 22nd. BidaskClub lowered shares of Blackline from a “buy” rating to a “hold” rating in a report on Thursday, October 12th. Robert W. Baird set a $42.00 price target on shares of Blackline and gave the company a “buy” rating in a report on Sunday, October 1st. Finally, Zacks Investment Research raised shares of Blackline from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a report on Wednesday, August 9th. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $36.67.

Blackline Company Profile

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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