Piper Sandler Issues Pessimistic Forecast for BlackLine (NASDAQ:BL) Stock Price

BlackLine (NASDAQ:BL) had its target price lowered by Piper Sandler from $35.00 to $30.00 in a report released on Friday, Benzinga reports. The brokerage presently has a “neutral” rating on the technology company’s stock. Piper Sandler‘s price target suggests a potential upside of 15.87% from the stock’s previous close.

BL has been the subject of a number of other reports. Scotiabank downgraded BlackLine to an “outperform” rating in a research report on Tuesday, July 21st. Weiss Ratings reiterated a “sell (d+)” rating on shares of BlackLine in a report on Monday, October 26th. DA Davidson downgraded shares of BlackLine from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $30.00 to $23.00 in a research report on Monday, September 28th. Cantor Fitzgerald restated a “neutral” rating and issued a $36.00 price target on shares of BlackLine in a research report on Wednesday, August 5th. Finally, Robert W. Baird set a $35.00 price target on shares of BlackLine in a research report on Wednesday, August 5th. Five research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $39.08.

BlackLine Stock Down 23.1%

Shares of NASDAQ:BL opened at $25.89 on Friday. The firm has a market cap of $1.50 billion, a P/E ratio of 39.23, a P/E/G ratio of 1.70 and a beta of 0.67. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 2.12. BlackLine has a 12-month low of $24.70 and a 12-month high of $59.57. The business has a fifty day simple moving average of $30.35 and a 200 day simple moving average of $32.59.

BlackLine (NASDAQ:BL) last announced its earnings results on Thursday, November 5th. The technology company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.63 by $0.01. BlackLine had a return on equity of 23.59% and a net margin of 5.37%. The firm had revenue of $193.40 million for the quarter, compared to the consensus estimate of $194.17 million. During the same period in the previous year, the business earned $0.51 EPS. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. Analysts predict that BlackLine will post 0.99 earnings per share for the current year.

Insider Transactions at BlackLine

In related news, Director Therese Tucker sold 70,000 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $31.96, for a total transaction of $2,237,200.00. Following the completion of the sale, the director owned 381,557 shares of the company’s stock, valued at $12,194,561.72. This trade represents a 15.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Michelle D. Stalick sold 780 shares of BlackLine stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $33.65, for a total value of $26,247.00. Following the completion of the sale, the chief accounting officer owned 34,712 shares of the company’s stock, valued at approximately $1,168,058.80. The trade was a 2.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 9.10% of the stock is owned by insiders.

Hedge Funds Weigh In On BlackLine

Institutional investors and hedge funds have recently modified their holdings of the business. ICONIQ Capital LLC bought a new stake in shares of BlackLine during the second quarter worth about $58,584,000. Bank of America Corp DE bought a new stake in BlackLine during the 2nd quarter worth approximately $27,532,000. Arrowstreet Capital Limited Partnership bought a new stake in BlackLine during the 1st quarter worth approximately $17,335,000. Hawk Ridge Capital Management LP increased its holdings in BlackLine by 26.3% during the 1st quarter. Hawk Ridge Capital Management LP now owns 1,890,823 shares of the technology company’s stock worth $69,960,000 after purchasing an additional 393,192 shares in the last quarter. Finally, Engaged Capital LLC raised its stake in shares of BlackLine by 26.2% in the first quarter. Engaged Capital LLC now owns 1,367,619 shares of the technology company’s stock worth $50,602,000 after purchasing an additional 284,000 shares during the last quarter. 95.13% of the stock is currently owned by institutional investors.

Key Stories Impacting BlackLine

Here are the key news stories impacting BlackLine this week:

• Positive Sentiment: Third-quarter adjusted earnings were $0.64 per share, ahead of the $0.63 consensus and up from $0.51 a year earlier. Revenue grew 8.5% year over year. BlackLine Q3 Earnings Top Estimates
• Negative Sentiment: Quarterly revenue of $193.4 million came in slightly below analysts’ $194.17 million estimate. The company forecast 2026 revenue of $759.5 million to $761.5 million, with the outlook described as slightly below expectations; management cited longer deal cycles and slower Agentic AI consumption. BlackLine anticipates 2026 revenue amid longer deal cycles and slower Agentic AI consumption
• Negative Sentiment: Analyst actions reinforced growth concerns: Bank of America reiterated its Sell rating with a $26 price target, while Piper Sandler cut its target from $35 to $30 and maintained a Neutral rating. BlackLine’s Weakening Growth Indicators Support Sell Rating Piper Sandler price target update

BlackLine Company Profile

BlackLine, Inc provides cloud-based financial operations and accounting automation software for businesses. Its platform is designed to help accounting and finance teams manage, standardize and automate processes that traditionally rely on spreadsheets, manual data entry and disconnected systems.

The company’s products support financial close and consolidation, account reconciliations, transaction matching, intercompany accounting, accounts receivable automation and invoice-to-cash workflows.