WINTON GROUP Ltd Trims Position in BlackLine $BL

WINTON GROUP Ltd lessened its holdings in shares of BlackLine (NASDAQ:BL) by 51.7% during the fourth quarter, HoldingsChannel reports. The firm owned 50,371 shares of the technology company’s stock after selling 53,861 shares during the quarter. WINTON GROUP Ltd’s holdings in BlackLine were worth $2,785,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Ananym Capital Management LP raised its position in shares of BlackLine by 37.5% in the 3rd quarter. Ananym Capital Management LP now owns 442,511 shares of the technology company’s stock worth $23,497,000 after buying an additional 120,590 shares during the period. Segall Bryant & Hamill LLC raised its position in shares of BlackLine by 11.3% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 338,959 shares of the technology company’s stock worth $17,999,000 after buying an additional 34,499 shares during the period. Public Sector Pension Investment Board raised its position in shares of BlackLine by 15.0% in the 3rd quarter. Public Sector Pension Investment Board now owns 202,803 shares of the technology company’s stock worth $10,769,000 after buying an additional 26,437 shares during the period. Cinctive Capital Management LP raised its position in shares of BlackLine by 26.4% in the 3rd quarter. Cinctive Capital Management LP now owns 152,856 shares of the technology company’s stock worth $8,117,000 after buying an additional 31,919 shares during the period. Finally, Teacher Retirement System of Texas raised its position in shares of BlackLine by 5,776.8% in the 4th quarter. Teacher Retirement System of Texas now owns 475,665 shares of the technology company’s stock worth $26,300,000 after buying an additional 467,571 shares during the period. Hedge funds and other institutional investors own 95.13% of the company’s stock.

BlackLine Stock Performance

NASDAQ:BL opened at $28.66 on Monday. The business’s 50-day moving average is $31.13 and its two-hundred day moving average is $42.34. The company has a debt-to-equity ratio of 2.18, a current ratio of 1.70 and a quick ratio of 1.70. BlackLine has a 12 month low of $24.70 and a 12 month high of $59.57. The firm has a market capitalization of $1.68 billion, a PE ratio of 66.65 and a beta of 0.66.

BlackLine (NASDAQ:BL) last released its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.45 by $0.11. BlackLine had a return on equity of 18.86% and a net margin of 3.71%.The company had revenue of $183.16 million for the quarter, compared to analyst estimates of $181.00 million. During the same period last year, the company posted $0.49 earnings per share. The firm’s revenue was up 9.7% compared to the same quarter last year. BlackLine has set its FY 2026 guidance at 2.420-2.530 EPS and its Q2 2026 guidance at 0.570-0.590 EPS. Research analysts predict that BlackLine will post 1.1 earnings per share for the current fiscal year.

Insider Buying and Selling

In other BlackLine news, Director Gregory Hughes sold 1,637 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $30.25, for a total value of $49,519.25. Following the transaction, the director directly owned 7,755 shares of the company’s stock, valued at $234,588.75. This trade represents a 17.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 9.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on BL shares. Wall Street Zen lowered BlackLine from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 17th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $70.00 target price on shares of BlackLine in a research report on Tuesday, April 28th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BlackLine in a research report on Thursday. Raymond James Financial reaffirmed an “outperform” rating and issued a $50.00 target price on shares of BlackLine in a research report on Wednesday, May 6th. Finally, Piper Sandler increased their target price on BlackLine from $35.00 to $37.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Five research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $43.67.

BlackLine Profile

BlackLine, Inc is a leading provider of cloud-based software solutions designed to automate and modernize the finance and accounting function. The company’s flagship offering, the BlackLine Finance Controls and Automation Platform, enables organizations to streamline critical processes such as account reconciliations, journal entry management, intercompany accounting, and transaction matching. By delivering a centralized, real-time view of financial data, BlackLine helps companies improve operational efficiency, enhance compliance and strengthen internal controls.

Key products and services within the BlackLine platform include Account Reconciliation, Task Management, Transaction Matching, Journal Entry, and Intercompany Hub.