Blackline Inc (NASDAQ:BL) CMO Mario Spanicciati sold 12,750 shares of the stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $38.17, for a total transaction of $486,667.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

  • On Monday, November 20th, Mario Spanicciati sold 12,750 shares of Blackline stock. The shares were sold at an average price of $36.79, for a total transaction of $469,072.50.
  • On Monday, November 13th, Mario Spanicciati sold 12,750 shares of Blackline stock. The shares were sold at an average price of $35.45, for a total transaction of $451,987.50.
  • On Monday, November 6th, Mario Spanicciati sold 12,750 shares of Blackline stock. The shares were sold at an average price of $35.18, for a total transaction of $448,545.00.
  • On Monday, October 30th, Mario Spanicciati sold 12,750 shares of Blackline stock. The shares were sold at an average price of $35.05, for a total transaction of $446,887.50.
  • On Wednesday, October 25th, Mario Spanicciati sold 2,125 shares of Blackline stock. The shares were 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 shares were 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 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.

Blackline Inc (BL) traded down $0.54 during trading hours on Friday, hitting $36.13. 257,488 shares of the stock traded hands, compared to its average volume of 232,785. Blackline Inc has a 1-year low of $24.14 and a 1-year high of $40.28.

Blackline (NASDAQ:BL) last posted its quarterly earnings data on Thursday, November 2nd. The technology company reported ($0.01) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.19) by $0.18. Blackline had a negative net margin of 29.53% and a negative return on equity of 8.00%. The business had revenue of $45.90 million during the quarter, compared to the consensus estimate of $44.07 million. During the same period in the previous year, the firm posted ($0.05) earnings per share. The business’s revenue for the quarter was up 42.5% compared to the same quarter last year. research analysts predict that Blackline Inc will post -0.42 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the company. Fortaleza Asset Management Inc. lifted its stake in shares of Blackline by 98.2% during the third quarter. Fortaleza Asset Management Inc. now owns 6,215 shares of the technology company’s stock worth $212,000 after buying an additional 3,080 shares during the period. Wolverine Trading LLC purchased a new position in shares of Blackline during the third quarter worth $246,000. First Republic Investment Management Inc. purchased a new position in shares of Blackline during the third quarter worth $257,000. PEAK6 Investments L.P. purchased a new position in shares of Blackline during the third quarter worth $267,000. Finally, American International Group Inc. raised its holdings in shares of Blackline by 53.5% during the third quarter. American International Group Inc. now owns 10,455 shares of the technology company’s stock worth $357,000 after purchasing an additional 3,646 shares during the last quarter. Institutional investors and hedge funds own 79.28% of the company’s stock.

Several equities research analysts have weighed in on the stock. BidaskClub upgraded shares of Blackline from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 14th. KeyCorp reiterated a “buy” rating and set a $39.00 price objective on shares of Blackline in a research note on Sunday, October 22nd. Zacks Investment Research upgraded shares of Blackline from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research note on Wednesday, August 9th. JMP Securities upgraded shares of Blackline from a “market perform” rating to an “outperform” rating in a research note on Thursday, November 16th. Finally, Robert W. Baird set a $42.00 price objective on shares of Blackline and gave the stock a “buy” rating in a research note on Sunday, October 1st. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $38.74.

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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.

Insider Buying and Selling by Quarter for Blackline (NASDAQ:BL)

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