Blackline Inc (NASDAQ:BL) insider Mario Spanicciati sold 434,783 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $34.07, for a total value of $14,813,056.81. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

  • On Monday, December 4th, Mario Spanicciati sold 12,750 shares of Blackline stock. The shares were sold at an average price of $35.87, for a total transaction of $457,342.50.
  • On Monday, November 27th, Mario Spanicciati sold 12,750 shares of Blackline stock. The stock was sold at an average price of $38.17, for a total transaction of $486,667.50.
  • On Monday, November 20th, Mario Spanicciati sold 12,750 shares of Blackline stock. The stock was sold at an average price of $36.79, for a total transaction of $469,072.50.
  • On Monday, November 13th, Mario Spanicciati sold 12,750 shares of Blackline stock. The stock was sold at an average price of $35.45, for a total transaction of $451,987.50.
  • On Monday, November 6th, Mario Spanicciati sold 12,750 shares of Blackline stock. The stock was sold at an average price of $35.18, for a total transaction of $448,545.00.
  • On Monday, October 30th, Mario Spanicciati sold 12,750 shares of Blackline stock. The stock was sold at an average price of $35.05, for a total transaction of $446,887.50.
  • On Wednesday, October 25th, Mario Spanicciati sold 2,125 shares of Blackline stock. The stock was sold at an average price of $35.00, for a total transaction of $74,375.00.
  • On Monday, October 23rd, Mario Spanicciati sold 10,625 shares of Blackline stock. The stock was sold at an average price of $34.06, for a total transaction of $361,887.50.
  • On Monday, October 16th, Mario Spanicciati sold 10,625 shares of Blackline stock. The stock was sold at an average price of $33.57, for a total transaction of $356,681.25.
  • On Monday, October 9th, Mario Spanicciati sold 10,625 shares of Blackline stock. The stock was sold at an average price of $33.49, for a total transaction of $355,831.25.

Blackline Inc (NASDAQ BL) traded up $0.32 during trading hours on Monday, reaching $34.67. 224,900 shares of the company’s stock traded hands, compared to its average volume of 240,211. Blackline Inc has a one year low of $24.14 and a one year high of $40.28.

Blackline (NASDAQ:BL) last issued its quarterly earnings data on Thursday, November 2nd. The technology company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.18. The business had revenue of $45.90 million during the quarter, compared to the consensus estimate of $44.07 million. Blackline had a negative net margin of 29.53% and a negative return on equity of 8.00%. The company’s revenue was up 42.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.05) earnings per share. equities research analysts anticipate that Blackline Inc will post -0.42 EPS for the current year.

A number of brokerages have recently weighed in on BL. KeyCorp reissued a “buy” rating and set a $39.00 price objective on shares of Blackline in a report on Friday, September 22nd. BidaskClub lowered shares of Blackline from a “buy” rating to a “hold” rating in a report on Thursday, October 12th. Robert W. Baird set a $42.00 price target on shares of Blackline and gave the company a “buy” rating in a report on Sunday, October 1st. JMP Securities raised shares of Blackline from a “market perform” rating to an “outperform” rating in a report on Thursday, November 16th. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $42.00 price target on shares of Blackline in a report on Friday, November 3rd. One analyst has rated the stock with a sell rating, one has given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Blackline currently has a consensus rating of “Buy” and an average target price of $38.74.

Several institutional investors have recently modified their holdings of the business. DF Dent & Co. Inc. raised its position in shares of Blackline by 21.3% in the third quarter. DF Dent & Co. Inc. now owns 2,270,403 shares of the technology company’s stock worth $77,466,000 after acquiring an additional 399,130 shares during the period. Dragoneer Investment Group LLC raised its position in shares of Blackline by 25.8% in the third quarter. Dragoneer Investment Group LLC now owns 1,422,115 shares of the technology company’s stock worth $48,523,000 after acquiring an additional 291,694 shares during the period. Wells Fargo & Company MN raised its position in shares of Blackline by 61.7% in the third quarter. Wells Fargo & Company MN now owns 859,886 shares of the technology company’s stock worth $29,339,000 after acquiring an additional 328,004 shares during the period. Whale Rock Capital Management LLC acquired a new position in shares of Blackline in the third quarter worth about $23,688,000. Finally, Conestoga Capital Advisors LLC acquired a new position in shares of Blackline in the third quarter worth about $21,740,000. Institutional investors and hedge funds own 79.28% of the company’s stock.

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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 (NASDAQ:BL)

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