BlackLine
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 critical processes, including financial close & consolidation, intercompany accounting, and invoice-to-cash. The majority of the revenue of the company is earned in the United States.
Employees: 1,830
0
Funds holding %
of 7,372 funds
0
Analysts bullish %
of 6 analysts
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
942% more call options, than puts
Call options by funds: $145M | Put options by funds: $13.9M
47% more first-time investments, than exits
New positions opened: 56 | Existing positions closed: 38
40% more funds holding in top 10
Funds holding in top 10: 5 [Q3] → 7 (+2) [Q4]
17% more repeat investments, than reductions
Existing positions increased: 109 | Existing positions reduced: 93
14% more capital invested
Capital invested by funds: $3.42B [Q3] → $3.9B (+$475M) [Q4]
4% more funds holding
Funds holding: 288 [Q3] → 300 (+12) [Q4]
2.57% more ownership
Funds ownership: 99.76% [Q3] → 102.34% (+2.57%) [Q4]
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$55
10%
upside
Avg. target
$67
35%
upside
High target
$86
72%
upside
6 analyst ratings
3 positive
50%
2 neutral
33%
1 negative
17%
Citigroup Steven Enders 50% 1-year accuracy 14 / 28 met price target | 40%upside $70 | Buy Maintained | 12 Feb 2025 |
Truist Securities Terry Tillman 38% 1-year accuracy 17 / 45 met price target | 10%upside $55 | Hold Maintained | 12 Feb 2025 |
BMO Capital Daniel Jester 37% 1-year accuracy 10 / 27 met price target | 20%upside $60 | Market Perform Maintained | 12 Feb 2025 |
Piper Sandler Brent Bracelin 32% 1-year accuracy 36 / 114 met price target | 16%upside $58 | Underweight Maintained | 12 Feb 2025 |
B of A Securities Koji Ikeda 57% 1-year accuracy 13 / 23 met price target | 50%upside $75 | Buy Upgraded | 30 Jan 2025 |
Financial journalist opinion
Based on 6 articles about BL published over the past 30 days
Neutral
GlobeNewsWire
3 days ago
BlackLine Announces 2024 Partner Award Winners, Recognizing Excellence in Digital Finance Transformation
LOS ANGELES, March 13, 2025 (GLOBE NEWSWIRE) -- BlackLine, Inc. (Nasdaq: BL), the intelligent financial data platform that powers the modern Office of the CFO, has announced the winners of its 2024 Global and Regional Partner Awards, celebrating firms that have gone above and beyond in enabling organizations to achieve future-ready finance operations. This year's honorees are recognized for their deep expertise, strategic collaboration, and commitment to driving meaningful outcomes for joint customers.
Neutral
GlobeNewsWire
6 days ago
BlackLine Appoints New Member to Board of Directors in Collaboration with Scalar Gauge Fund
LOS ANGELES, March 10, 2025 (GLOBE NEWSWIRE) -- BlackLine, Inc. (Nasdaq: BL) (“BlackLine” or the “Company”) today announced that it has entered into a cooperation agreement (the “agreement”) with Scalar Gauge Fund (“Scalar Gauge”) to appoint a highly qualified and independent member to the Company's Board of Directors (the “Board”). In accordance with the agreement with Scalar Gauge, the Company will appoint Scott Davidson, no later than March 14, 2025.
Neutral
GlobeNewsWire
2 weeks ago
BlackLine Announces Participation in Upcoming Investor Conferences
LOS ANGELES, Feb. 25, 2025 (GLOBE NEWSWIRE) -- BlackLine, Inc . (Nasdaq: BL) today announced that BlackLine's management team will participate in the following upcoming investor conferences:
Positive
Benzinga
2 weeks ago
Top 2 Tech Stocks You'll Regret Missing This Month
The most oversold stocks in the information technology sector presents an opportunity to buy into undervalued companies.
Neutral
GlobeNewsWire
2 weeks ago
BlackLine Expands Bengaluru Operations to Drive Global Growth and Innovation
LOS ANGELES, Feb. 25, 2025 (GLOBE NEWSWIRE) -- BlackLine, Inc. (Nasdaq: BL), the intelligent financial data platform that powers the modern Office of the CFO, announced today the expansion of its presence in Bengaluru, India, reinforcing its commitment to global growth, operational scalability, and continuous, best-in-class customer support. Scaling to Meet Growing Demand Since establishing operations in Bengaluru in 2022, BlackLine has steadily expanded its teams in the region to meet increasing demand for its solutions.
Positive
Zacks Investment Research
3 weeks ago
EGHT vs. BL: Which Stock Is the Better Value Option?
Investors interested in stocks from the Internet - Software sector have probably already heard of 8x8 (EGHT) and BlackLine (BL). But which of these two stocks is more attractive to value investors?
Negative
Seeking Alpha
1 month ago
BlackLine: Worrying Growth Trends (Rating Downgrade)
BlackLine shares slid nearly 20% after the company reported disastrous Q4 results, showing continued deceleration in revenue growth while also suffering large slips in operating margin. The company's FY25 implies growth slowing further to a mere 7-8% range, well below the company's target goal of recovering growth to the mid-teens. BlackLine may be subject to vendor consolidation as its niche finance software faces sharp competition from broader platforms like SAP and Workday.
Positive
Zacks Investment Research
1 month ago
BlackLine (BL) Reports Q4 Earnings: What Key Metrics Have to Say
The headline numbers for BlackLine (BL) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Neutral
Seeking Alpha
1 month ago
BlackLine, Inc. (BL) Q4 2024 Earnings Call Transcript
BlackLine, Inc. (NASDAQ:BL ) Q4 2024 Earnings Conference Call February 11, 2025 5:00 PM ET Company Participants Matthew Humphries - Vice President of Investor Relations Owen Ryan - Co-Chief Executive Officer Therese Tucker - Co-Chief Executive Officers Patrick Villanova - Chief Accounting Officer Conference Call Participants Chris Quintero - Morgan Stanley Patrick Schulz - Baird Koji Ikeda - Bank of America Steve Enders - Citi Alex Sklar - Raymond James Daniel Jester - BMO Capital Markets Adam Hotchkiss - Goldman Sachs Patrick Walravens - Citizens Jake Roberge - William Blair Dominique Manansala - Truist Securities Operator Good day, and thank you for standing by. Welcome to the BlackLine Q4 2024 Earnings Conference Call.
Negative
Zacks Investment Research
1 month ago
BlackLine (BL) Lags Q4 Earnings Estimates
BlackLine (BL) came out with quarterly earnings of $0.47 per share, missing the Zacks Consensus Estimate of $0.50 per share. This compares to earnings of $0.69 per share a year ago.
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