2 weeks Ago By Defense World Staff
Wells Fargo & Company MN grew its holdings in BlackLine, Inc. (NASDAQ:BL – Free Report) by 62.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission.
The institutional investor owned 96,597 shares of the technology company’s stock after acquiring an additional 37,285 shares during the period. Wells Fargo & Company MN owned about 0.15% of BlackLine worth $5,869,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. Principal Financial Group Inc. increased its holdings in BlackLine by 13.
6% in the 3rd quarter. Principal Financial Group Inc. now owns 290,775 shares of the technology company’s stock valued at $16,033,000 after acquiring an additional 34,919 shares during the last quarter.
JPMorgan Chase & Co. grew its position in shares of BlackLine by 35.3% during the third quarter.
JPMorgan Chase & Co. now owns 1,666,591 shares of the technology company’s stock valued at $91,896,000 after purchasing an additional 435,271 shares in the last quarter. Conestoga Capital Advisors LLC increased its holdings in shares of BlackLine by 20.
2% in the fourth quarter. Conestoga Capital Advisors LLC now owns 2,113,882 shares of the technology company’s stock worth $128,439,000 after purchasing an additional 354,784 shares during the last quarter. Pacer Advisors Inc.
lifted its position in shares of BlackLine by 154.1% in the fourth quarter. Pacer Advisors Inc.
now owns 4,159 shares of the technology company’s stock worth $253,000 after buying an additional 2,522 shares in the last quarter. Finally, Sei Investments Co. boosted its stake in BlackLine by 6.
2% during the fourth quarter. Sei Investments Co. now owns 147,381 shares of the technology company’s stock valued at $8,955,000 after buying an additional 8,558 shares during the last quarter.
Institutional investors own 95.13% of the company’s stock. BlackLine Stock Down 0.
4 %Shares of NASDAQ:BL opened at $44.44 on Friday. The firm has a market capitalization 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 business has a 50 day simple moving average of $48.13 and a two-hundred day simple moving average 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 issued its earnings results on Tuesday, February 11th. The technology company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.
50 by ($0.29). BlackLine had a return on equity of 21.
63% and a net margin of 24.67%. On average, equities analysts predict that BlackLine, Inc.
will post 0.9 EPS for the current year. Analyst Upgrades and DowngradesA number of research firms have issued reports on BL.
The Goldman Sachs Group reduced their price objective on BlackLine from $51.00 to $43.00 and set a “sell” rating on the stock in a research note on Thursday.
StockNews.com cut shares of BlackLine from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Bank of America upgraded shares of BlackLine from an “underperform” rating to a “buy” rating and increased their price objective for the company from $50.
00 to $75.00 in a research report on Thursday, January 30th. DA Davidson reduced their target price on shares of BlackLine from $58.
00 to $55.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $86.
00 price target on shares of BlackLine in a report on Wednesday, January 15th. Three 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 stock. According to data from MarketBeat.
com, the stock currently has a consensus rating of “Hold” and an average target price of $61.00.Get Our Latest Analysis on BLInsider Buying and Selling at BlackLineIn other BlackLine news, CRO Mark Woodhams sold 9,088 shares of the firm’s stock in a transaction on Friday, February 21st.
The shares were sold at an average price of $49.67, for a total value of $451,400.96.
Following the completion of the transaction, the executive now owns 65,414 shares of the company’s stock, valued at approximately $3,249,113.38. This trade represents a 12.
20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 8.
60% of the company’s stock. BlackLine 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.
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