Topline Capital Management LLC Has $30.26 Million Position in BlackLine $BL

Topline Capital Management LLC cut its holdings in BlackLine (NASDAQ:BL) by 31.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 569,937 shares of the technology company’s stock after selling 265,435 shares during the period. BlackLine accounts for 5.2% of Topline Capital Management LLC’s holdings, making the stock its 8th biggest holding. Topline Capital Management LLC owned 0.96% of BlackLine worth $30,264,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bessemer Group Inc. boosted its stake in BlackLine by 22.9% during the third quarter. Bessemer Group Inc. now owns 989 shares of the technology company’s stock valued at $53,000 after buying an additional 184 shares during the last quarter. Amalgamated Bank grew its stake in shares of BlackLine by 1.3% in the 3rd quarter. Amalgamated Bank now owns 15,143 shares of the technology company’s stock worth $804,000 after buying an additional 191 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of BlackLine by 3.8% in the 3rd quarter. Blue Trust Inc. now owns 6,901 shares of the technology company’s stock worth $366,000 after buying an additional 250 shares during the last quarter. Asset Management One Co. Ltd. grew its position in BlackLine by 14.1% in the third quarter. Asset Management One Co. Ltd. now owns 2,383 shares of the technology company’s stock worth $127,000 after acquiring an additional 294 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in BlackLine by 15.9% during the third quarter. PNC Financial Services Group Inc. now owns 2,198 shares of the technology company’s stock worth $117,000 after acquiring an additional 301 shares during the last quarter. Institutional investors own 95.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on BL shares. Cantor Fitzgerald lowered their price target on BlackLine from $58.00 to $50.00 and set a “neutral” rating for the company in a research report on Wednesday, February 11th. Citigroup dropped their target price on BlackLine from $70.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, February 11th. Wall Street Zen upgraded BlackLine from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. Piper Sandler upgraded BlackLine to a “hold” rating in a research note on Monday, February 2nd. Finally, DA Davidson reduced their price target on shares of BlackLine from $56.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 11th. Five research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, BlackLine presently has an average rating of “Hold” and a consensus price target of $56.00.

BlackLine Stock Up 3.8%

BL stock opened at $36.88 on Friday. The stock has a market capitalization of $2.20 billion, a PE ratio of 92.20, a price-to-earnings-growth ratio of 2.58 and a beta of 0.90. BlackLine has a 52 week low of $31.75 and a 52 week high of $59.57. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 2.00. The firm has a 50 day moving average of $44.26 and a 200 day moving average of $51.14.

BlackLine (NASDAQ:BL) last released its earnings results on Tuesday, February 10th. The technology company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.05. BlackLine had a return on equity of 18.14% and a net margin of 3.50%.The firm had revenue of $183.18 million during the quarter, compared to the consensus estimate of $182.98 million. During the same quarter in the previous year, the company posted $0.47 earnings per share. The company’s revenue was up 8.1% compared to the same quarter last year. BlackLine has set its Q1 2026 guidance at 0.440-0.460 EPS and its FY 2026 guidance at 2.370-2.480 EPS. Sell-side analysts forecast that BlackLine will post 0.9 earnings per share for the current year.

BlackLine Company Profile

BlackLine, Inc is a leading provider of cloud-based software solutions designed to automate and modernize the finance and accounting function. The company’s flagship offering, the BlackLine Finance Controls and Automation Platform, enables organizations to streamline critical processes such as account reconciliations, journal entry management, intercompany accounting, and transaction matching. By delivering a centralized, real-time view of financial data, BlackLine helps companies improve operational efficiency, enhance compliance and strengthen internal controls.

Key products and services within the BlackLine platform include Account Reconciliation, Task Management, Transaction Matching, Journal Entry, and Intercompany Hub.