Blackline Inc (BL) Earns Outperform Rating from Analysts at Robert W. Baird
Separately, Goldman Sachs Group Inc. initiated coverage on Blackline in a research note on Tuesday. They issued a “neutral” rating for the company.
Shares of Blackline (NYSE:BL) opened at 27.75 on Tuesday. Blackline has a 52 week low of $21.66 and a 52 week high of $28.50. The stock’s 50 day moving average price is $24.29 and its 200-day moving average price is $24.29. The company’s market cap is $1.13 billion.
In other Blackline news, major shareholder Iconiq Strategic Partners, L.P bought 825,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 2nd. The stock was acquired at an average price of $17.00 per share, with a total value of $14,025,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
BlackLine, Inc is a holding company. The Company provides cloud-based software platform that is designed to automate and streamline accounting and finance operations. The Company’s platform supports accounting processes, such as the financial close, account reconciliation, intercompany accounting and controls assurance.
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