Insider Selling: Blackline Inc (BL) Insider Sells 10,625 Shares of Stock

Blackline Inc (NASDAQ:BL) insider Mario Spanicciati sold 10,625 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $32.99, for a total transaction of $350,518.75. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

  • On Tuesday, September 12th, Mario Spanicciati sold 12,750 shares of Blackline stock. The shares were sold at an average price of $33.32, for a total transaction of $424,830.00.
  • On Tuesday, September 5th, Mario Spanicciati sold 10,625 shares of Blackline stock. The stock was sold at an average price of $30.45, for a total transaction of $323,531.25.
  • On Tuesday, August 29th, Mario Spanicciati sold 2,125 shares of Blackline stock. The stock was sold at an average price of $30.00, for a total transaction of $63,750.00.
  • On Monday, August 28th, Mario Spanicciati sold 8,500 shares of Blackline stock. The stock was sold at an average price of $29.28, for a total transaction of $248,880.00.
  • On Monday, August 21st, Mario Spanicciati sold 8,500 shares of Blackline stock. The stock was sold at an average price of $29.25, for a total transaction of $248,625.00.
  • On Monday, August 14th, Mario Spanicciati sold 10,625 shares of Blackline stock. The stock was sold at an average price of $29.88, for a total transaction of $317,475.00.
  • On Monday, August 7th, Mario Spanicciati sold 10,625 shares of Blackline stock. The stock was sold at an average price of $30.31, for a total transaction of $322,043.75.
  • On Monday, July 31st, Mario Spanicciati sold 12,750 shares of Blackline stock. The stock was sold at an average price of $38.91, for a total transaction of $496,102.50.
  • On Friday, July 28th, Mario Spanicciati sold 4,250 shares of Blackline stock. The stock was sold at an average price of $40.00, for a total transaction of $170,000.00.
  • On Monday, July 24th, Mario Spanicciati sold 12,750 shares of Blackline stock. The stock was sold at an average price of $37.57, for a total transaction of $479,017.50.

Blackline Inc (NASDAQ:BL) traded down 0.35% during mid-day trading on Monday, reaching $33.76. The company had a trading volume of 480,728 shares. Blackline Inc has a 12-month low of $21.66 and a 12-month high of $40.28. The firm’s market capitalization is $1.77 billion. The firm has a 50-day moving average price of $34.88 and a 200 day moving average price of $32.16.

Blackline (NASDAQ:BL) last issued its earnings results on Thursday, August 3rd. The technology company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.12. The company had revenue of $42.30 million for the quarter, compared to analysts’ expectations of $41.45 million. Blackline had a negative net margin of 27.89% and a negative return on equity of 6.54%. The business’s revenue was up 45.9% on a year-over-year basis. Analysts expect that Blackline Inc will post ($0.17) EPS for the current year.

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Several research analysts have recently issued reports on the stock. BidaskClub upgraded shares of Blackline from a “buy” rating to a “strong-buy” rating in a report on Thursday. Zacks Investment Research upgraded shares of Blackline from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a report on Wednesday, August 9th. SunTrust Banks, Inc. assumed coverage on shares of Blackline in a report on Monday, June 26th. They set a “buy” rating and a $43.00 price target for the company. JMP Securities assumed coverage on shares of Blackline in a report on Monday, June 26th. They set a “market perform” rating for the company. Finally, ValuEngine upgraded shares of Blackline from a “sell” rating to a “hold” rating in a report on Tuesday, June 20th. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $34.78.

Blackline Company Profile

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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