2 weeks Ago By Defense World Staff
Alliancebernstein L.P. reduced its stake in BlackLine, Inc.
(NASDAQ:BL – Free Report) by 0.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 70,396 shares of the technology company’s stock after selling 639 shares during the period.
Alliancebernstein L.P. owned approximately 0.
11% of BlackLine worth $4,277,000 as of its most recent SEC filing. Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Conestoga Capital Advisors LLC boosted its stake in BlackLine by 20.
2% during the 4th quarter. Conestoga Capital Advisors LLC now owns 2,113,882 shares of the technology company’s stock valued at $128,439,000 after purchasing an additional 354,784 shares during the last quarter. JPMorgan Chase & Co.
raised its position in BlackLine by 35.3% in the 3rd quarter. JPMorgan Chase & Co.
now owns 1,666,591 shares of the technology company’s stock worth $91,896,000 after buying an additional 435,271 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of BlackLine by 0.3% during the 3rd quarter.
Geode Capital Management LLC now owns 1,282,017 shares of the technology company’s stock valued at $70,704,000 after acquiring an additional 3,498 shares during the last quarter. American Century Companies Inc. grew its stake in shares of BlackLine by 12,538.
0% in the fourth quarter. American Century Companies Inc. now owns 896,665 shares of the technology company’s stock worth $54,481,000 after acquiring an additional 889,570 shares during the period.
Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of BlackLine by 1.3% during the fourth quarter.
Charles Schwab Investment Management Inc. now owns 501,699 shares of the technology company’s stock valued at $30,483,000 after purchasing an additional 6,477 shares during the last quarter. 95.
13% of the stock is currently owned by institutional investors. BlackLine Stock PerformanceBL opened at $45.59 on Monday.
The company has a 50 day simple moving average of $50.10 and a two-hundred day simple moving average of $56.38.
The company has a debt-to-equity ratio of 2.00, a current ratio of 2.59 and a quick ratio of 2.
69. The firm has a market cap of $2.88 billion, a P/E ratio of 31.
44, a PEG ratio of 10.80 and a beta of 0.97.
BlackLine, Inc. has a 1-year low of $40.82 and a 1-year high of $66.
25. BlackLine (NASDAQ:BL – Get Free Report) last issued its earnings results on Tuesday, February 11th. The technology company reported $0.
21 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.29).
BlackLine had a return on equity of 21.63% and a net margin of 24.67%.
Equities analysts forecast that BlackLine, Inc. will post 0.9 earnings per share for the current fiscal year.
Wall Street Analysts Forecast GrowthA number of equities research analysts have commented on BL shares. Bank of America raised shares of BlackLine from an “underperform” rating to a “buy” rating and lifted their target price for the stock from $50.00 to $75.
00 in a research report on Thursday, January 30th. DA Davidson started coverage on BlackLine in a research report on Tuesday, April 1st. They set a “buy” rating and a $58.
00 price objective for the company. Truist Financial dropped their target price on BlackLine from $55.00 to $40.
00 and set a “hold” rating on the stock in a research report on Monday, April 7th. JMP Securities reaffirmed a “market outperform” rating and set a $86.00 price target on shares of BlackLine in a research report on Wednesday, January 15th.
Finally, StockNews.com downgraded shares of BlackLine from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company.
According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $64.27.
Check Out Our Latest Stock Analysis on BLInsider Buying and SellingIn related news, CRO Mark Woodhams sold 9,088 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $49.67, for a total value of $451,400.
96. Following the sale, the executive now directly owns 65,414 shares in the company, valued at approximately $3,249,113.38.
The trade was a 12.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
9.93% of the stock is owned by insiders. About BlackLine (Free Report)BlackLine, Inc operates a cloud-based software platform which is designed to transform accounting and finance operations for organizations of all types and sizes.
Its scalable platform supports critical accounting processes such as the financial close, account reconciliations, intercompany accounting, and controls assurance.See AlsoFive stocks we like better than BlackLine3 Dividend Kings To ConsiderIs McDonald’s Stock Serving a Value Meal to Investors? Stock Analyst Ratings and Canadian Analyst RatingsWalgreens Comeback? Private Equity Circling for a BuyoutWhy Special Dividends Can be a Delightful Surprise for Income InvestorsCoca-Cola Stock Looks Refreshing After the Relief Rally.
