BlackLine, Inc. (NASDAQ:BL) Shares Sold by Numerai GP LLC

Numerai GP LLC decreased its stake in shares of BlackLine, Inc. (NASDAQ:BL) by 31.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,659 shares of the technology company’s stock after selling 7,177 shares during the period. Numerai GP LLC’s holdings in BlackLine were worth $951,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new position in BlackLine during the fourth quarter worth about $31,000. Global Retirement Partners LLC grew its holdings in BlackLine by 568.4% during the fourth quarter. Global Retirement Partners LLC now owns 528 shares of the technology company’s stock worth $32,000 after acquiring an additional 449 shares during the period. Quadrant Capital Group LLC grew its stake in shares of BlackLine by 243.5% in the 4th quarter. Quadrant Capital Group LLC now owns 584 shares of the technology company’s stock worth $35,000 after purchasing an additional 414 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of BlackLine in the 4th quarter worth approximately $50,000. Finally, Huntington National Bank grew its stake in shares of BlackLine by 596.4% in the 4th quarter. Huntington National Bank now owns 968 shares of the technology company’s stock worth $59,000 after purchasing an additional 829 shares during the last quarter. Institutional investors and hedge funds own 95.13% of the company’s stock.

BlackLine Trading Down 0.3%

NASDAQ:BL opened at $55.00 on Thursday. The company has a debt-to-equity ratio of 2.00, a current ratio of 2.59 and a quick ratio of 2.69. BlackLine, Inc. has a fifty-two week low of $40.82 and a fifty-two week high of $66.25. The stock’s 50-day moving average is $47.89 and its two-hundred day moving average is $55.12. The stock has a market cap of $3.43 billion, a PE ratio of 37.93, a price-to-earnings-growth ratio of 10.80 and a beta of 0.94.

BlackLine (NASDAQ:BL) last announced its quarterly earnings data on Tuesday, February 11th. The technology company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.29). BlackLine had a net margin of 24.67% and a return on equity of 21.63%. As a group, equities research analysts forecast that BlackLine, Inc. will post 0.9 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BL has been the topic of several recent research reports. Morgan Stanley lowered their price objective on shares of BlackLine from $80.00 to $65.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. Piper Sandler lifted their target price on BlackLine from $46.00 to $50.00 and gave the stock a “neutral” rating in a report on Wednesday, May 7th. StockNews.com cut BlackLine from a “buy” rating to a “hold” rating in a report on Thursday. BMO Capital Markets decreased their target price on BlackLine from $68.00 to $60.00 and set a “market perform” rating on the stock in a report on Wednesday, February 12th. Finally, The Goldman Sachs Group dropped their price target on BlackLine from $51.00 to $43.00 and set a “sell” rating on the stock in a research note on Thursday, April 17th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $60.75.

Insider Activity

In related news, CRO Mark Woodhams sold 9,088 shares of the business’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 completion of the sale, the executive now owns 65,414 shares of the company’s stock, valued at approximately $3,249,113.38. The trade was a 12.20% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 8.60% of the stock is currently owned by corporate insiders.

BlackLine Profile

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.