Blackline Inc (NYSE:BL) insider Mario Spanicciati sold 2,125 shares of the company’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $30.00, for a total transaction of $63,750.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Mario Spanicciati also recently made the following trade(s):

  • On Monday, August 28th, Mario Spanicciati sold 8,500 shares of Blackline stock. The shares were sold at an average price of $29.28, for a total transaction of $248,880.00.
  • On Monday, August 21st, Mario Spanicciati sold 8,500 shares of Blackline stock. The shares were sold at an average price of $29.25, for a total transaction of $248,625.00.
  • On Monday, August 14th, Mario Spanicciati sold 10,625 shares of Blackline stock. The shares were sold at an average price of $29.88, for a total transaction of $317,475.00.
  • On Monday, August 7th, Mario Spanicciati sold 10,625 shares of Blackline stock. The shares were sold at an average price of $30.31, for a total transaction of $322,043.75.
  • On Monday, July 31st, Mario Spanicciati sold 12,750 shares of Blackline stock. The shares were sold at an average price of $38.91, for a total transaction of $496,102.50.
  • On Friday, July 28th, Mario Spanicciati sold 4,250 shares of Blackline stock. The shares were sold at an average price of $40.00, for a total transaction of $170,000.00.
  • On Monday, July 24th, Mario Spanicciati sold 12,750 shares of Blackline stock. The shares were sold at an average price of $37.57, for a total transaction of $479,017.50.
  • On Monday, July 17th, Mario Spanicciati sold 12,750 shares of Blackline stock. The shares were sold at an average price of $36.93, for a total transaction of $470,857.50.
  • On Monday, July 10th, Mario Spanicciati sold 12,750 shares of Blackline stock. The shares were sold at an average price of $36.40, for a total transaction of $464,100.00.
  • On Monday, July 3rd, Mario Spanicciati sold 12,750 shares of Blackline stock. The shares were sold at an average price of $35.79, for a total transaction of $456,322.50.

Shares of Blackline Inc (NYSE:BL) opened at 30.69 on Friday. Blackline Inc has a 1-year low of $21.66 and a 1-year high of $40.28. The stock has a 50 day moving average of $33.34 and a 200-day moving average of $32.35. The company’s market capitalization is $1.61 billion.

Blackline (NYSE:BL) last issued its earnings results on Thursday, August 3rd. The technology company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.15) by $0.12. Blackline had a negative net margin of 23.91% and a negative return on equity of 13.96%. The company had revenue of $42.30 million for the quarter, compared to the consensus estimate of $41.45 million. Blackline’s revenue was up 45.9% on a year-over-year basis. Analysts forecast that Blackline Inc will post ($0.17) earnings per share for the current year.

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Hedge funds and other institutional investors have recently modified their holdings of the company. State Street Corp purchased a new position in shares of Blackline during the fourth quarter valued at approximately $2,968,000. Norges Bank purchased a new position in shares of Blackline during the fourth quarter valued at approximately $1,105,000. Teachers Advisors LLC purchased a new position in shares of Blackline during the fourth quarter valued at approximately $310,000. Nationwide Fund Advisors increased its position in shares of Blackline by 26.7% in the first quarter. Nationwide Fund Advisors now owns 5,776 shares of the technology company’s stock valued at $172,000 after buying an additional 1,217 shares during the last quarter. Finally, Russell Investments Group Ltd. purchased a new position in shares of Blackline during the first quarter valued at approximately $941,000.

Several equities analysts have issued reports on the stock. BidaskClub upgraded shares of Blackline from a “hold” rating to a “buy” rating in a research report on Saturday. JMP Securities assumed coverage on shares of Blackline in a research report on Monday, June 26th. They issued a “market perform” rating for the company. Zacks Investment Research cut shares of Blackline from a “buy” rating to a “hold” rating in a research report on Monday, July 10th. SunTrust Banks, Inc. assumed coverage on shares of Blackline in a research report on Monday, June 26th. They issued a “buy” rating and a $43.00 price target for the company. Finally, William Blair restated an “outperform” rating on shares of Blackline in a research report on Monday, May 8th. Five investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $34.78.

About Blackline

BlackLine, Inc is a holding company. The Company provides cloud-based software platform that is designed to automate and streamline accounting and finance operations. Its platform supports accounting processes, such as the financial close, account reconciliation, intercompany accounting and controls assurance.

Insider Buying and Selling by Quarter for Blackline (NYSE:BL)

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