Analysts at Goldman Sachs Group Inc. started coverage on shares of Blackline Inc (NYSE:BL) in a research report issued on Tuesday. The firm set a “neutral” rating on the stock.

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 company’s 50-day moving average is $24.29 and its 200 day moving average is $24.29. The stock’s market cap is $1.13 billion.

In other news, major shareholder Iconiq Strategic Partners, L.P bought 825,000 shares of Blackline stock in a transaction dated Wednesday, November 2nd. The stock was bought at an average price of $17.00 per share, for a total transaction of $14,025,000.00. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Blackline Company Profile

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.

5 Day Chart for NYSE:BL

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