Athos Capital Ltd Buys New Stake in BlackLine $BL

Athos Capital Ltd bought a new stake in BlackLine (NASDAQ:BL) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 20,000 shares of the technology company’s stock, valued at approximately $1,106,000. BlackLine comprises approximately 0.4% of Athos Capital Ltd’s holdings, making the stock its 20th biggest holding.

Several other large investors have also recently bought and sold shares of BL. Measured Wealth Private Client Group LLC purchased a new position in BlackLine in the third quarter valued at $25,000. Aster Capital Management DIFC Ltd purchased a new position in BlackLine in the third quarter valued at $38,000. MAI Capital Management increased its holdings in BlackLine by 10,000.0% in the third quarter. MAI Capital Management now owns 707 shares of the technology company’s stock valued at $38,000 after buying an additional 700 shares during the last quarter. Bayforest Capital Ltd purchased a new position in BlackLine in the fourth quarter valued at $40,000. Finally, Bessemer Group Inc. increased its holdings in BlackLine by 22.9% in the third quarter. Bessemer Group Inc. now owns 989 shares of the technology company’s stock valued at $53,000 after buying an additional 184 shares during the last quarter. Hedge funds and other institutional investors own 95.13% of the company’s stock.

Insider Activity

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

Analyst Upgrades and Downgrades

Several equities analysts recently commented on BL shares. Citigroup dropped their target price on BlackLine from $60.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. Raymond James Financial reissued an “outperform” rating and issued a $50.00 target price on shares of BlackLine in a report on Wednesday, May 6th. Truist Financial dropped their target price on BlackLine from $50.00 to $32.00 and set a “hold” rating on the stock in a report on Thursday, May 7th. Wall Street Zen lowered BlackLine from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 17th. Finally, Rosenblatt Securities decreased their price objective on shares of BlackLine from $46.00 to $45.00 and set a “buy” rating for the company in a research note on Wednesday, May 6th. 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 company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $43.67.

BlackLine Stock Performance

NASDAQ BL opened at $27.93 on Friday. The company has a debt-to-equity ratio of 2.18, a current ratio of 1.70 and a quick ratio of 1.70. BlackLine has a 1 year low of $24.70 and a 1 year high of $59.57. The company has a market capitalization of $1.64 billion, a PE ratio of 64.95 and a beta of 0.66. The company has a fifty day moving average of $30.43 and a two-hundred day moving average of $41.61.

BlackLine (NASDAQ:BL) last released its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.11. BlackLine had a net margin of 3.71% and a return on equity of 18.86%. The company had revenue of $183.16 million during the quarter, compared to the consensus estimate of $181.00 million. During the same quarter in the prior year, the firm posted $0.49 earnings per share. BlackLine’s revenue for the quarter was up 9.7% on a year-over-year basis. 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, analysts expect that BlackLine will post 1.1 earnings per share for the current year.

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.