2 weeks Ago By ABMN Staff
Canada Pension Plan Investment Board decreased its holdings in shares of BlackLine, Inc. ( NASDAQ:BL – Free Report ) by 61.9% in the 2nd quarter, HoldingsChannel.
com reports. The firm owned 3,200 shares of the technology company’s stock after selling 5,200 shares during the period. Canada Pension Plan Investment Board’s holdings in BlackLine were worth $155,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Quadrature Capital Ltd boosted its holdings in BlackLine by 346.5% during the first quarter.
Quadrature Capital Ltd now owns 31,846 shares of the technology company’s stock worth $2,055,000 after purchasing an additional 24,713 shares during the last quarter. Cetera Investment Advisers bought a new stake in BlackLine during the first quarter worth $1,572,000. Comerica Bank raised its position in BlackLine by 11.
8% during the first quarter. Comerica Bank now owns 124,266 shares of the technology company’s stock worth $8,025,000 after acquiring an additional 13,066 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in BlackLine during the first quarter worth $2,000,000.
Finally, Teachers Retirement System of The State of Kentucky bought a new stake in BlackLine during the first quarter worth $907,000. Institutional investors and hedge funds own 95.13% of the company’s stock.
Insider Activity at BlackLine In other BlackLine news, CRO Mark Woodhams sold 1,387 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $51.70, for a total transaction of $71,707.
90. Following the sale, the executive now directly owns 97,582 shares in the company, valued at $5,044,989.40.
The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link . In other BlackLine news, insider Karole Morgan-Prager sold 10,000 shares of the stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $50.
00, for a total transaction of $500,000.00. Following the sale, the insider now directly owns 115,424 shares in the company, valued at $5,771,200.
The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link . Also, CRO Mark Woodhams sold 1,387 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $51.
70, for a total transaction of $71,707.90. Following the sale, the executive now owns 97,582 shares in the company, valued at $5,044,989.
40. The disclosure for this sale can be found here . Over the last three months, insiders have sold 16,765 shares of company stock worth $851,418.
Corporate insiders own 9.93% of the company’s stock. BlackLine Trading Up 1.
1 % BlackLine ( NASDAQ:BL – Get Free Report ) last released its quarterly earnings results on Tuesday, August 6th. The technology company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.
50 by $0.08. BlackLine had a net margin of 19.
46% and a return on equity of 33.96%. The business had revenue of $160.
51 million for the quarter, compared to the consensus estimate of $158.21 million. During the same period in the prior year, the company posted ($0.
69) earnings per share. BlackLine’s revenue was up 11.0% compared to the same quarter last year.
As a group, sell-side analysts anticipate that BlackLine, Inc. will post 0.94 earnings per share for the current year.
Analyst Ratings Changes BL has been the topic of several analyst reports. Truist Financial dropped their price target on shares of BlackLine from $60.00 to $45.
00 and set a “hold” rating on the stock in a research report on Wednesday, August 7th. Citigroup dropped their price target on shares of BlackLine from $62.00 to $54.
00 and set a “neutral” rating on the stock in a research report on Friday, June 28th. JMP Securities reissued a “market outperform” rating and issued a $81.00 price objective on shares of BlackLine in a research report on Monday, July 15th.
BTIG Research dropped their price objective on shares of BlackLine from $71.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th.
Finally, Robert W. Baird dropped their price objective on shares of BlackLine from $72.00 to $65.
00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.
com, the stock has a consensus rating of “Hold” and a consensus target price of $58.78. Check Out Our Latest Report on BL BlackLine Profile ( Free Report ) 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. See Also Want to see what other hedge funds are holding BL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlackLine, Inc.
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