Louisiana State Employees Retirement System Makes New $821,000 Investment in BlackLine $BL

Louisiana State Employees Retirement System purchased a new position in BlackLine (NASDAQ:BL) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 22,200 shares of the technology company’s stock, valued at approximately $821,000.

Other hedge funds also recently made changes to their positions in the company. Measured Wealth Private Client Group LLC bought a new position in BlackLine in the third quarter valued at $25,000. Kestra Advisory Services LLC purchased a new position in shares of BlackLine in the 4th quarter worth about $28,000. Bayforest Capital Ltd purchased a new position in shares of BlackLine in the 4th quarter worth about $40,000. Global Retirement Partners LLC increased its position in shares of BlackLine by 306.7% during the 4th quarter. Global Retirement Partners LLC now owns 1,220 shares of the technology company’s stock valued at $67,000 after purchasing an additional 920 shares during the last quarter. Finally, FNY Investment Advisers LLC bought a new position in shares of BlackLine during the 3rd quarter valued at about $79,000. 95.13% of the stock is owned by institutional investors.

BlackLine Stock Performance

NASDAQ BL opened at $29.88 on Monday. The firm has a market cap of $1.75 billion, a PE ratio of 69.49 and a beta of 0.66. BlackLine has a 1-year low of $24.70 and a 1-year high of $59.57. The stock has a 50-day moving average of $28.73 and a 200-day moving average of $38.24. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 2.18.

BlackLine (NASDAQ:BL) last posted its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.11. The business had revenue of $183.16 million for the quarter, compared to analyst estimates of $181.00 million. BlackLine had a return on equity of 18.86% and a net margin of 3.71%.BlackLine’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period last year, the company earned $0.49 EPS. BlackLine has set its FY 2026 guidance at 2.420-2.530 EPS and its Q2 2026 guidance at 0.570-0.590 EPS. As a group, sell-side analysts forecast that BlackLine will post 1.1 EPS for the current year.

Analyst Ratings Changes

BL has been the subject of a number of recent research reports. Citigroup dropped their target price on BlackLine from $60.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, May 7th. Rosenblatt Securities reduced their price target on shares of BlackLine from $46.00 to $45.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Citizens Jmp reissued a “market outperform” rating and set a $70.00 price target on shares of BlackLine in a research note on Tuesday, April 28th. Robert W. Baird set a $40.00 price objective on shares of BlackLine in a report on Wednesday, May 6th. Finally, Bank of America initiated coverage on shares of BlackLine in a research note on Tuesday, May 12th. They issued an “underperform” rating and a $26.00 price objective for the company. Five investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $43.67.

Insider Activity at BlackLine

In related news, Director Mika Yamamoto sold 3,000 shares of the company’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $28.48, for a total transaction of $85,440.00. Following the completion of the sale, the director directly owned 16,692 shares in the company, valued at $475,388.16. This represents a 15.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Gregory Hughes sold 1,637 shares of the stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $30.25, for a total transaction of $49,519.25. Following the sale, the director directly owned 7,755 shares of the company’s stock, valued at $234,588.75. The trade was a 17.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 9.10% of the stock is currently owned by company insiders.

BlackLine Profile

BlackLine, Inc is a leading provider of cloud-based software solutions designed to automate and modernize the finance and accounting function. The company’s flagship offering, the BlackLine Finance Controls and Automation Platform, enables organizations to streamline critical processes such as account reconciliations, journal entry management, intercompany accounting, and transaction matching. By delivering a centralized, real-time view of financial data, BlackLine helps companies improve operational efficiency, enhance compliance and strengthen internal controls.

Key products and services within the BlackLine platform include Account Reconciliation, Task Management, Transaction Matching, Journal Entry, and Intercompany Hub.