2 weeks Ago By Defense World Staff
Envestnet Asset Management Inc. increased its holdings in BlackLine, Inc. (NASDAQ:BL – Free Report) by 16.
8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 149,369 shares of the technology company’s stock after acquiring an additional 21,459 shares during the quarter. Envestnet Asset Management Inc.
owned approximately 0.24% of BlackLine worth $9,076,000 as of its most recent SEC filing. Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business.
SBI Securities Co. Ltd. purchased a new position in BlackLine in the fourth quarter valued at about $31,000.
Global Retirement Partners LLC grew its position in shares of BlackLine by 568.4% in the 4th quarter. Global Retirement Partners LLC now owns 528 shares of the technology company’s stock worth $32,000 after buying an additional 449 shares during the last quarter.
GAMMA Investing LLC grew its position in shares of BlackLine by 41.2% in the 4th quarter. GAMMA Investing LLC now owns 634 shares of the technology company’s stock worth $39,000 after buying an additional 185 shares during the last quarter.
Headlands Technologies LLC bought a new position in shares of BlackLine during the 4th quarter worth approximately $50,000. Finally, Huntington National Bank lifted its position in BlackLine by 596.4% during the fourth quarter.
Huntington National Bank now owns 968 shares of the technology company’s stock valued at $59,000 after acquiring an additional 829 shares during the last quarter. 95.13% of the stock is currently owned by institutional investors.
Insider Transactions at BlackLineIn other BlackLine news, CRO Mark Woodhams sold 9,088 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $49.67, for a total transaction of $451,400.
96. Following the transaction, the executive now owns 65,414 shares in the company, valued at approximately $3,249,113.38.
This represents a 12.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Corporate insiders own 8.60% of the company’s stock. Wall Street Analyst Weigh InBL has been the topic of a number of recent analyst reports.
BMO Capital Markets reduced their price target on BlackLine from $68.00 to $60.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 12th.
DA Davidson reduced their target price on BlackLine from $58.00 to $55.00 and set a “buy” rating on the stock in a research report on Monday, April 14th.
Bank of America raised BlackLine from an “underperform” rating to a “buy” rating and raised their price target for the stock from $50.00 to $75.00 in a report on Thursday, January 30th.
Truist Financial decreased their price objective on shares of BlackLine from $55.00 to $40.00 and set a “hold” rating for the company in a research report on Monday, April 7th.
Finally, Piper Sandler dropped their target price on shares of BlackLine from $60.00 to $58.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 12th.
Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, BlackLine has a consensus rating of “Hold” and a consensus target price of $61.
00.Get Our Latest Stock Report on BLBlackLine Trading Down 0.4 %Shares of BlackLine stock opened at $44.
44 on Friday. The stock has a market cap of $2.80 billion, a PE ratio of 30.
65, a price-to-earnings-growth ratio of 10.80 and a beta of 0.97.
The firm has a fifty day moving average price of $48.13 and a 200 day moving average price of $56.05.
BlackLine, Inc. has a 1 year low of $40.82 and a 1 year high of $66.
25. The company has a debt-to-equity ratio of 2.00, a current ratio of 2.
59 and a quick ratio of 2.69. BlackLine (NASDAQ:BL – Get Free Report) last released its quarterly earnings data on Tuesday, February 11th.
The technology company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.
29). BlackLine had a net margin of 24.67% and a return on equity of 21.
63%. Equities research analysts predict that BlackLine, Inc. will post 0.
9 earnings per share for the current year. BlackLine Company Profile (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 BlackLineWhat Are the FAANG Stocks and Are They Good Investments?J.B. Hunt Transport Overcorrects Into a Buying OpportunityInvesting in Commodities: What Are They? How to Invest in ThemAppLovin: Can Record Profits Overcome Market Skepticism?Top Stocks Investing in 5G TechnologyMarketBeat Week in Review – 04/14 – 04/18Want to see what other hedge funds are holding BL? Visit HoldingsChannel.
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