6 days Ago By ABMN Staff
Franklin Resources Inc. increased its position in shares of BlackLine, Inc. ( NASDAQ:BL – Free Report ) by 22.
1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,007 shares of the technology company’s stock after buying an additional 3,987 shares during the period. Franklin Resources Inc.
’s holdings in BlackLine were worth $1,337,000 at the end of the most recent reporting period. Several other hedge funds and other institutional investors have also bought and sold shares of BL. SBI Securities Co.
Ltd. bought a new stake in shares of BlackLine in the 4th quarter valued at $31,000. Global Retirement Partners LLC grew its holdings in BlackLine by 568.
4% in the fourth quarter. Global Retirement Partners LLC now owns 528 shares of the technology company’s stock worth $32,000 after purchasing an additional 449 shares during the period. GAMMA Investing LLC increased its stake in BlackLine by 41.
2% in the fourth quarter. GAMMA Investing LLC now owns 634 shares of the technology company’s stock valued at $39,000 after purchasing an additional 185 shares in the last quarter. Asset Management One Co.
Ltd. raised its holdings in shares of BlackLine by 19.8% during the fourth quarter.
Asset Management One Co. Ltd. now owns 1,266 shares of the technology company’s stock valued at $77,000 after purchasing an additional 209 shares during the period.
Finally, KBC Group NV raised its holdings in shares of BlackLine by 44.0% during the fourth quarter. KBC Group NV now owns 2,180 shares of the technology company’s stock valued at $132,000 after purchasing an additional 666 shares during the period.
Institutional investors and hedge funds own 95.13% of the company’s stock. Insider Activity In related news, CRO Mark Woodhams sold 9,088 shares of the company’s stock in a transaction that occurred on Friday, February 21st.
The stock was sold at an average price of $49.67, for a total value of $451,400.96.
Following the transaction, the executive now owns 65,414 shares in the company, valued at approximately $3,249,113.38. This represents a 12.
20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link . Insiders own 9.
93% of the company’s stock. BlackLine Stock Up 1.0 % BlackLine ( NASDAQ:BL – Get Free Report ) last released its earnings results on Tuesday, February 11th.
The technology company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.
29). BlackLine had a net margin of 24.67% and a return on equity of 21.
63%. Research analysts predict that BlackLine, Inc. will post 0.
9 EPS for the current fiscal year. Analysts Set New Price Targets A number of brokerages recently commented on BL. Bank of America raised BlackLine from an “underperform” rating to a “buy” rating and boosted their target price for the company from $50.
00 to $75.00 in a research report on Thursday, January 30th. Piper Sandler decreased their price objective on BlackLine from $60.
00 to $58.00 and set an “underweight” rating for the company in a report on Wednesday, February 12th. DA Davidson cut their target price on BlackLine from $58.
00 to $55.00 and set a “buy” rating on the stock in a report on Monday. BMO Capital Markets decreased their price target on shares of BlackLine from $68.
00 to $60.00 and set a “market perform” rating for the company in a research note on Wednesday, February 12th. Finally, Truist Financial dropped their price objective on shares of BlackLine from $55.
00 to $40.00 and set a “hold” rating on the stock in a research note on Monday, April 7th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock.
Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $64.00.
Get Our Latest Research Report on BlackLine About BlackLine ( Free Report ) BlackLine, Inc operates a cloud-based software platform which is designed to transform accounting and finance operations for organizations of all types and sizes. Its scalable platform supports critical accounting processes such as the financial close, account reconciliations, intercompany accounting, and controls assurance. Read More 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. ( NASDAQ:BL – Free Report ). Receive News & Ratings for BlackLine Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackLine and related companies with MarketBeat.
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