Blackline Inc (BL) Insider Mario Spanicciati Sells 12,750 Shares

Blackline Inc (NASDAQ:BL) insider Mario Spanicciati sold 12,750 shares of Blackline stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $35.87, for a total value of $457,342.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Monday, November 27th, Mario Spanicciati sold 12,750 shares of Blackline stock. The shares were sold at an average price of $38.17, for a total value of $486,667.50.
  • On Monday, November 20th, Mario Spanicciati sold 12,750 shares of Blackline stock. The shares were sold at an average price of $36.79, for a total value of $469,072.50.
  • On Monday, November 13th, Mario Spanicciati sold 12,750 shares of Blackline stock. The shares were sold at an average price of $35.45, for a total value of $451,987.50.
  • On Monday, November 6th, Mario Spanicciati sold 12,750 shares of Blackline stock. The shares were sold at an average price of $35.18, for a total value of $448,545.00.
  • On Monday, October 30th, Mario Spanicciati sold 12,750 shares of Blackline stock. The shares were sold at an average price of $35.05, for a total value of $446,887.50.
  • On Wednesday, October 25th, Mario Spanicciati sold 2,125 shares of Blackline stock. The shares were sold at an average price of $35.00, for a total value of $74,375.00.
  • On Monday, October 23rd, Mario Spanicciati sold 10,625 shares of Blackline stock. The shares were sold at an average price of $34.06, for a total value of $361,887.50.
  • On Monday, October 16th, Mario Spanicciati sold 10,625 shares of Blackline stock. The shares were sold at an average price of $33.57, for a total value of $356,681.25.
  • On Monday, October 9th, Mario Spanicciati sold 10,625 shares of Blackline stock. The shares were sold at an average price of $33.49, for a total value of $355,831.25.
  • On Monday, October 2nd, Mario Spanicciati sold 10,625 shares of Blackline stock. The shares were sold at an average price of $34.14, for a total value of $362,737.50.

Shares of Blackline Inc (NASDAQ BL) traded down $1.80 during midday trading on Wednesday, hitting $34.00. The stock had a trading volume of 1,689,000 shares, compared to its average volume of 239,341. Blackline Inc has a 12 month low of $24.14 and a 12 month high of $40.28.

Blackline (NASDAQ:BL) last announced its quarterly earnings data on Thursday, November 2nd. The technology company reported ($0.01) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.19) by $0.18. The company had revenue of $45.90 million during the quarter, compared to analysts’ expectations of $44.07 million. Blackline had a negative return on equity of 8.00% and a negative net margin of 29.53%. Blackline’s revenue for the quarter was up 42.5% compared to the same quarter last year. During the same quarter last year, the company earned ($0.05) EPS. sell-side analysts expect that Blackline Inc will post -0.42 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Rhumbline Advisers grew its holdings in shares of Blackline by 20.3% in the 3rd quarter. Rhumbline Advisers now owns 15,254 shares of the technology company’s stock valued at $520,000 after acquiring an additional 2,570 shares in the last quarter. Fortaleza Asset Management Inc. grew its holdings in Blackline by 98.2% during the third quarter. Fortaleza Asset Management Inc. now owns 6,215 shares of the technology company’s stock worth $212,000 after purchasing an additional 3,080 shares during the period. American International Group Inc. grew its holdings in Blackline by 53.5% during the third quarter. American International Group Inc. now owns 10,455 shares of the technology company’s stock worth $357,000 after purchasing an additional 3,646 shares during the period. California State Teachers Retirement System grew its holdings in Blackline by 28.8% during the third quarter. California State Teachers Retirement System now owns 24,995 shares of the technology company’s stock worth $853,000 after purchasing an additional 5,595 shares during the period. Finally, Wolverine Trading LLC bought a new position in Blackline during the third quarter worth about $246,000. Institutional investors own 79.28% of the company’s stock.

Several research firms have issued reports on BL. BidaskClub downgraded Blackline from a “buy” rating to a “hold” rating in a research note on Thursday, October 12th. Robert W. Baird set a $42.00 price target on Blackline and gave the company a “buy” rating in a research note on Sunday, October 1st. KeyCorp reissued a “buy” rating and issued a $39.00 price target on shares of Blackline in a research note on Friday, September 22nd. SunTrust Banks restated a “buy” rating and issued a $42.00 price objective on shares of Blackline in a report on Friday, November 3rd. Finally, Zacks Investment Research upgraded Blackline from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a report on Wednesday, August 9th. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Blackline has an average rating of “Buy” and a consensus target price of $38.74.

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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. 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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