Cinctive Capital Management LP 增加了对 BlackLine $BL 的持股

Cinctive Capital Management LP raised its holdings in shares of BlackLine (NASDAQ:BL - Free Report) by 10.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 132,151 shares of the technology company's stock after purchasing an additional 12,313 shares during the period. Cinctive Capital Management LP owned 0.21% of BlackLine worth $6,399,000 at the end of the most recent reporting period.

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Several other large investors also recently modified their holdings of BL. Westwood Holdings Group Inc. raised its position in BlackLine by 106.4% during the first quarter. Westwood Holdings Group Inc. now owns 1,186,347 shares of the technology company's stock valued at $57,443,000 after purchasing an additional 611,499 shares during the period. American Century Companies Inc. raised its stake in shares of BlackLine by 7.2% in the first quarter. American Century Companies Inc. now owns 961,341 shares of the technology company's stock valued at $46,548,000 after acquiring an additional 64,676 shares in the last quarter. First Manhattan CO. LLC. grew its holdings in shares of BlackLine by 408.7% during the first quarter. First Manhattan CO. LLC. now owns 815,975 shares of the technology company's stock worth $39,510,000 after purchasing an additional 655,565 shares during the last quarter. Northern Trust Corp grew its holdings in shares of BlackLine by 3.4% during the first quarter. Northern Trust Corp now owns 770,765 shares of the technology company's stock worth $37,320,000 after buying an additional 25,368 shares during the last quarter. Finally, Tensile Capital Management LP lifted its position in shares of BlackLine by 16.5% during the 4th quarter. Tensile Capital Management LP now owns 740,997 shares of the technology company's stock valued at $45,023,000 after acquiring an additional 105,000 shares during the period. Institutional investors own 95.13% of the company's stock.

BlackLine Stock Down 2.5%

BlackLine stock opened at $52.61 on Thursday. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.64 and a quick ratio of 1.64. BlackLine has a 12 month low of $40.82 and a 12 month high of $66.25. The stock has a market capitalization of $3.26 billion, a PE ratio of 40.78, a price-to-earnings-growth ratio of 8.92 and a beta of 0.95. The business has a 50 day simple moving average of $54.29 and a 200-day simple moving average of $51.83.

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BlackLine (NASDAQ:BL - Get Free Report) last posted its earnings results on Tuesday, August 5th. The technology company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.01. The firm had revenue of $172.03 million for the quarter, compared to analyst estimates of $170.87 million. BlackLine had a return on equity of 15.95% and a net margin of 13.05%.BlackLine's revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.58 EPS. BlackLine has set its FY 2025 guidance at 2.130-2.240 EPS. Q3 2025 guidance at 0.480-0.510 EPS. On average, analysts anticipate that BlackLine will post 0.9 EPS for the current fiscal year.

Insider Activity at BlackLine

In related news, CAO Michelle D. Stalick sold 664 shares of the business's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $54.03, for a total value of $35,875.92. Following the transaction, the chief accounting officer owned 23,830 shares in the company, valued at approximately $1,287,534.90. The trade was a 2.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 8.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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Several research firms recently weighed in on BL. DA Davidson reiterated a "neutral" rating and set a $56.00 price objective on shares of BlackLine in a research note on Wednesday, August 6th. BMO Capital Markets raised their target price on shares of BlackLine from $60.00 to $63.00 and gave the stock a "market perform" rating in a research note on Wednesday, August 6th. Morgan Stanley lifted their price target on shares of BlackLine from $65.00 to $68.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. Raymond James Financial upgraded shares of BlackLine from a "market perform" rating to an "outperform" rating and set a $67.00 price target for the company in a research note on Tuesday, July 29th. Finally, Wall Street Zen lowered shares of BlackLine from a "buy" rating to a "hold" rating in a research report on Thursday, May 15th. Five investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $61.08.

Read Our Latest Report on BL

BlackLine Company 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.

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