Blackline (BL) Set to Announce Quarterly Earnings on Thursday

Blackline (NASDAQ:BL) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, February 15th. Analysts expect the company to announce earnings of ($0.09) per share for the quarter.

Blackline (NASDAQ:BL) opened at $33.33 on Thursday. The stock has a market capitalization of $1,714.09, a PE ratio of -34.72 and a beta of 1.99. Blackline has a twelve month low of $26.72 and a twelve month high of $40.28.

In related news, major shareholder Sumeru (Gp) L.L.C. Slta sold 2,649,698 shares of the firm’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $34.07, for a total transaction of $90,275,210.86. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director William J.G. Griffith sold 1,415,519 shares of Blackline stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $34.07, for a total value of $48,226,732.33. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,553,000 shares of company stock worth $155,250,690. Corporate insiders own 22.35% of the company’s stock.

BL has been the topic of several research reports. JPMorgan Chase & Co. lowered Blackline from a “neutral” rating to an “underweight” rating and set a $27.00 price objective on the stock. in a report on Thursday, January 25th. SunTrust Banks reaffirmed a “buy” rating and set a $42.00 price objective on shares of Blackline in a report on Friday, November 3rd. KeyCorp reaffirmed a “buy” rating and set a $39.00 price objective on shares of Blackline in a report on Sunday, October 22nd. BidaskClub raised Blackline from a “sell” rating to a “hold” rating in a report on Saturday, December 16th. Finally, JMP Securities raised Blackline from a “market perform” rating to an “outperform” rating in a report on Thursday, November 16th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Blackline currently has an average rating of “Buy” and an average price target of $36.78.

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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.

Earnings History for Blackline (NASDAQ:BL)

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