Blackline Inc (NASDAQ:BL) issued an update on its FY17 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of ($0.10) for the period, compared to the Thomson Reuters consensus estimate of ($0.17). The company issued revenue guidance of $174-$175 million, compared to the consensus revenue estimate of $172.13 million.Blackline also updated its Q4 guidance to $0.00 EPS.

Blackline (NASDAQ:BL) last posted its quarterly earnings data on Thursday, August 3rd. The technology company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.12. Blackline had a negative return on equity of 6.54% and a negative net margin of 27.89%. The company had revenue of $42.30 million during the quarter, compared to analysts’ expectations of $41.45 million. The firm’s revenue was up 45.9% compared to the same quarter last year.

Several analysts have recently commented on BL shares. Zacks Investment Research cut Blackline from a buy rating to a hold rating in a report on Monday, July 10th. BidaskClub raised Blackline from a buy rating to a strong-buy rating in a report on Thursday, September 14th. KeyCorp reissued a buy rating and issued a $39.00 price target on shares of Blackline in a report on Sunday, October 22nd. Finally, Robert W. Baird set a $42.00 price target on Blackline and gave the company a buy rating in a report on Sunday, October 1st. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $36.67.

In related news, CEO Therese Tucker sold 20,000 shares of Blackline stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $29.12, for a total transaction of $582,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mario Spanicciati sold 10,625 shares of Blackline stock in a transaction on Monday, August 7th. The stock was sold at an average price of $30.31, for a total value of $322,043.75. The disclosure for this sale can be found here. Insiders sold a total of 162,375 shares of company stock valued at $5,191,185 over the last three months. Insiders own 22.35% of the company’s stock.

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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.

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