BlackLine, Inc. (NASDAQ:BL – Get Free Report) insider Karole Morgan-Prager sold 27,079 shares of the stock in a transaction on Friday, October 18th. The stock was sold at an average price of $60.06, for a total value of $1,626,364.74. Following the transaction, the insider now directly owns 113,865 shares in the company, valued at approximately $6,838,731.90. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Karole Morgan-Prager also recently made the following trade(s):
- On Tuesday, October 8th, Karole Morgan-Prager sold 300 shares of BlackLine stock. The stock was sold at an average price of $55.01, for a total value of $16,503.00.
- On Wednesday, October 2nd, Karole Morgan-Prager sold 5,773 shares of BlackLine stock. The stock was sold at an average price of $55.14, for a total value of $318,323.22.
- On Monday, September 30th, Karole Morgan-Prager sold 10,000 shares of BlackLine stock. The stock was sold at an average price of $55.00, for a total value of $550,000.00.
- On Wednesday, August 7th, Karole Morgan-Prager sold 10,000 shares of BlackLine stock. The stock was sold at an average price of $50.00, for a total value of $500,000.00.
BlackLine Stock Up 0.9 %
Shares of NASDAQ BL opened at $57.57 on Wednesday. BlackLine, Inc. has a 12-month low of $43.37 and a 12-month high of $69.31. The company has a market cap of $3.56 billion, a P/E ratio of 250.30, a P/E/G ratio of 13.57 and a beta of 0.90. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 2.74. The stock has a fifty day moving average price of $52.26 and a 200 day moving average price of $52.00.
Institutional Trading of BlackLine
Large investors have recently modified their holdings of the business. Quadrature Capital Ltd grew its stake in shares of BlackLine by 346.5% during the first quarter. Quadrature Capital Ltd now owns 31,846 shares of the technology company’s stock valued at $2,055,000 after acquiring an additional 24,713 shares in the last quarter. Cetera Investment Advisers acquired a new stake in shares of BlackLine during the first quarter valued at about $1,572,000. Comerica Bank grew its stake in shares of BlackLine by 11.8% during the first quarter. Comerica Bank now owns 124,266 shares of the technology company’s stock valued at $8,025,000 after acquiring an additional 13,066 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of BlackLine during the first quarter valued at about $2,000,000. Finally, Teachers Retirement System of The State of Kentucky acquired a new stake in shares of BlackLine during the first quarter valued at about $907,000. 95.13% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
BL has been the topic of a number of recent analyst reports. Piper Sandler reduced their price target on BlackLine from $55.00 to $51.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Truist Financial cut their target price on BlackLine from $60.00 to $45.00 and set a “hold” rating on the stock in a research report on Wednesday, August 7th. Robert W. Baird cut their target price on BlackLine from $72.00 to $65.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. JMP Securities reaffirmed a “market outperform” rating and issued a $81.00 target price on shares of BlackLine in a research report on Monday, July 15th. Finally, Morgan Stanley raised BlackLine from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $60.00 to $70.00 in a research report on Monday, September 30th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $59.90.
Read Our Latest Analysis on BlackLine
About BlackLine
BlackLine, Inc provides cloud-based solutions to automate and streamline accounting and finance operations worldwide. It offers financial close management solutions, such as account reconciliations that provides a centralized workspace for users to collaborate on account reconciliations; transaction matching that analyzes and reconciles individual transactions; task management to create and manage processes and task lists; and financial reporting analytics that enables analysis and validation of financial data.
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