BlackLine
BL

$47.82

0.65%

Market Cap: 2.96B

About: BlackLine Inc is engaged in providing financial accounting close solutions delivered as Software as a Service (SaaS). The Company's solutions enable its customers to address various aspects of their financial close process including account reconciliations, variance analysis of account balances, journal entry capabilities, and certain types of data matching capabilities. The majority of the revenue of the company is earned in the United States.

Employees: 1,750

Information Technology Prepackaged Software

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 14 analysts

0

News positive %

of 4 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

874% more call options, than puts

Call options by funds: $134M | Put options by funds: $13.8M

12% more capital invested

Capital invested by funds: $3.56B [Q4 2023] → $4.01B (+$442M) [Q1 2024]

7.7% more ownership

Funds ownership: 93.16% [Q4 2023] → 100.86% (+7.7%) [Q1 2024]

0% more funds holding in top 10

Funds holding in top 10: 4 [Q4 2023] → 4 (+0) [Q1 2024]

5% less repeat investments, than reductions

Existing positions increased: 99 | Existing positions reduced: 104

5% less funds holding

Funds holding: 312 [Q4 2023] → 295 (-17) [Q1 2024]

25% less first-time investments, than exits

New positions opened: 51 | Existing positions closed: 68

See Fund Rankings

Research analyst outlook

14 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$52

9%

upside

Avg. target

$65

35%

upside

High target

$81

69%

upside

14 analyst ratings

4 positive

29%

8 neutral

57%

2 negative

14%

JMP Securities Patrick Walravens	69%upside $81	Market Outperform Reiterated	15 Jul 2024
Piper Sandler Brent Bracelin	15%upside $55	Neutral Maintained	12 Jul 2024
Citigroup Steven Enders	13%upside $54	Neutral Maintained	28 Jun 2024
BMO Capital Daniel Jester	40%upside $67	Market Perform Maintained	8 May 2024
Baird Rob Oliver	51%upside $72	Outperform Maintained	8 May 2024

See Analyst Rankings

Financial journalist opinion

Based on 4 articles about BL published over the past 30 days

BlackLine Announces Date for Second Quarter 2024 Earnings Release and Conference Call

LOS ANGELES, July 23, 2024 (GLOBE NEWSWIRE) -- BlackLine, Inc. (Nasdaq: BL) announced today that it will release financial results for the second quarter ended June 30, 2024 after market close on Tuesday, August 6, 2024 followed by a conference call hosted by management at 2:00 p.m. PT / 5:00 p.m. ET. A live webcast and replay will be accessible on BlackLine's investor relations website at https://investors.blackline.com/. To access the conference call by phone, please register here, and dial-in details will be provided. To avoid delays, we encourage participants to dial into the conference call fifteen minutes ahead of the scheduled start time.

BlackLine Announces Date for Second Quarter 2024 Earnings Release and Conference Call

7 Undervalued AI Stocks That You Need to Watch Right Now

Everybody loves artificial intelligence. Okay, this is the Internet so let me clarify: I don't literally mean everybody.

7 Undervalued AI Stocks That You Need to Watch Right Now

Zacks Investment Research

NICE vs. BL: Which Stock Is the Better Value Option?

Investors interested in stocks from the Internet - Software sector have probably already heard of Nice (NICE) and BlackLine (BL). But which of these two companies is the best option for those looking for undervalued stocks?

NICE vs. BL: Which Stock Is the Better Value Option?

BlackLine: Attractive Business Trading At An Appealing Multiple

I recommended a buy due to BL mission-critical solution for enterprises, expected low-teens growth rate, and large TAM. BL automates accounting processes for large enterprises globally, with a focus on the US market gradually shifting to international. Recent market pressure is due to growth slowdown, but I don't see this as a big issue.

BlackLine: Attractive Business Trading At An Appealing Multiple

Zacks Investment Research

NICE vs. BL: Which Stock Should Value Investors Buy Now?

Investors interested in Internet - Software stocks are likely familiar with Nice (NICE) and BlackLine (BL). But which of these two companies is the best option for those looking for undervalued stocks?

NICE vs. BL: Which Stock Should Value Investors Buy Now?

3 AI Stocks That AI Bots Think You Should Sell

Curious about my chances of being replaced by an artificial intelligence chatbot, I went ahead and asked ChatGPT 3.5, Microsoft Copilot, and Google Gemini to give me examples of stocks with poor ratings or sell signals. Both Gemini and ChatGPT gave me non-answers, explaining that I should do my research and what common pitfalls to look out for.

3 AI Stocks That AI Bots Think You Should Sell

New Solution Developed by BlackLine to be Sold as an SAP Solution Extension

SAP Account Substantiation and Automation by BlackLine, financial review option, is the latest market-leading solution extension from BlackLine to be sold by SAP LOS ANGELES , June 4, 2024 /PRNewswire/ -- BlackLine, Inc. (Nasdaq:BL) today announced its Financial Reporting Analytics solution will be sold as an SAP Solution Extension under the name SAP Account Substantiation and Automation by BlackLine, financial review option. This innovative solution helps enable the Office of the CFO to perform proactive entity and group-level analysis of financial statement line items and variances, providing users with efficient commentary functionality, end-to-end transparency, and traceability.

New Solution Developed by BlackLine to be Sold as an SAP Solution Extension

BlackLine Announces Participation in Upcoming Investor Conferences

LOS ANGELES, May 28, 2024 (GLOBE NEWSWIRE) -- BlackLine, Inc . (Nasdaq: BL) today announced that BlackLine's management team will participate in the following upcoming investor conferences:

BlackLine Announces Participation in Upcoming Investor Conferences

Top 5 Tech Stocks That Could Lead To Your Biggest Gains This Month - DXC Technology (NYSE:DXC)

The most oversold stocks in the information technology sector presents an opportunity to buy into undervalued companies.

Top 5 Tech Stocks That Could Lead To Your Biggest Gains This Month - DXC Technology (NYSE:DXC)

BlackLine, Inc. Announces Upsize and Pricing of Offering of $600,000,000 of Convertible Senior Notes

LOS ANGELES, May 22, 2024 (GLOBE NEWSWIRE) -- BlackLine, Inc. (Nasdaq: BL), today announced the pricing of $600,000,000 aggregate principal amount of 1.00% convertible senior notes due 2029 (the “notes”) in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The aggregate principal amount of the offering was increased from the previously announced offering size of $500,000,000. BlackLine also granted the initial purchaser of the notes a 13-day option to purchase up to an additional $90,000,000 aggregate principal amount of the notes. The sale of the notes is expected to close on May 24, 2024, subject to customary closing conditions.

BlackLine, Inc. Announces Upsize and Pricing of Offering of $600,000,000 of Convertible Senior Notes

See News Rankings