BLACKLINE INC (BL) Insider Sells $355,831.25 in Stock

BLACKLINE INC (NASDAQ:BL) insider Mario Spanicciati sold 10,625 shares of the stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $33.49, for a total value of $355,831.25. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

  • On Monday, October 2nd, Mario Spanicciati sold 10,625 shares of BLACKLINE INC stock. The shares were sold at an average price of $34.14, for a total value of $362,737.50.
  • On Monday, September 25th, Mario Spanicciati sold 10,625 shares of BLACKLINE INC stock. The shares were sold at an average price of $33.01, for a total value of $350,731.25.
  • On Monday, September 18th, Mario Spanicciati sold 10,625 shares of BLACKLINE INC stock. The shares were sold at an average price of $32.99, for a total value of $350,518.75.
  • On Tuesday, September 12th, Mario Spanicciati sold 12,750 shares of BLACKLINE INC stock. The shares were sold at an average price of $33.32, for a total value of $424,830.00.
  • On Tuesday, September 5th, Mario Spanicciati sold 10,625 shares of BLACKLINE INC stock. The shares were sold at an average price of $30.45, for a total value of $323,531.25.
  • On Tuesday, August 29th, Mario Spanicciati sold 2,125 shares of BLACKLINE INC stock. The shares were sold at an average price of $30.00, for a total value of $63,750.00.
  • On Monday, August 28th, Mario Spanicciati sold 8,500 shares of BLACKLINE INC stock. The shares were sold at an average price of $29.28, for a total value of $248,880.00.
  • On Monday, August 21st, Mario Spanicciati sold 8,500 shares of BLACKLINE INC stock. The shares were sold at an average price of $29.25, for a total value of $248,625.00.
  • On Monday, August 14th, Mario Spanicciati sold 10,625 shares of BLACKLINE INC stock. The shares were sold at an average price of $29.88, for a total value of $317,475.00.
  • On Monday, August 7th, Mario Spanicciati sold 10,625 shares of BLACKLINE INC stock. The shares were sold at an average price of $30.31, for a total value of $322,043.75.

BLACKLINE INC (NASDAQ:BL) last issued its quarterly earnings data on Thursday, August 3rd. The technology company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.12. BLACKLINE INC had a negative return on equity of 6.54% and a negative net margin of 27.89%. The company had revenue of $42.30 million during the quarter, compared to analysts’ expectations of $41.45 million. The company’s quarterly revenue was up 45.9% on a year-over-year basis.

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BL has been the subject of several recent analyst reports. SunTrust Banks, Inc. initiated coverage on BLACKLINE INC in a research note on Monday, June 26th. They set a “buy” rating and a $43.00 target price for the company. BidaskClub upgraded BLACKLINE INC from a “hold” rating to a “buy” rating in a research note on Saturday, September 2nd. Zacks Investment Research upgraded BLACKLINE INC from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research note on Wednesday, August 9th. Robert W. Baird set a $42.00 target price on BLACKLINE INC and gave the company a “buy” rating in a research note on Sunday, October 1st. Finally, KeyCorp restated a “buy” rating and set a $39.00 target price on shares of BLACKLINE INC in a research note on Friday, September 22nd. Five analysts have 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 INC currently has an average rating of “Buy” and a consensus price target of $36.67.

BLACKLINE INC 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 INC (NASDAQ:BL)

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