Blackline (NASDAQ:BL) will be issuing its quarterly earnings data after the market closes on Thursday, February 15th. Analysts expect the company to announce earnings of ($0.09) per share for the quarter.

Shares of Blackline (NASDAQ:BL) opened at $33.13 on Wednesday. Blackline has a 1 year low of $26.72 and a 1 year high of $40.28. The stock has a market cap of $1,724.15, a P/E ratio of -34.51 and a beta of 1.99.

In related news, major shareholder Sumeru (Gp) L.L.C. Slta sold 2,649,698 shares of the firm’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $34.07, for a total transaction of $90,275,210.86. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director William J.G. Griffith sold 1,415,519 shares of the firm’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $34.07, for a total value of $48,226,732.33. The disclosure for this sale can be found here. Insiders have sold 4,538,250 shares of company stock valued at $154,728,083 in the last three months. Corporate insiders own 22.35% of the company’s stock.

BL has been the subject of a number of recent analyst reports. BidaskClub raised shares of Blackline from a “hold” rating to a “buy” rating in a research report on Wednesday, October 25th. JPMorgan Chase & Co. downgraded shares of Blackline from a “neutral” rating to an “underweight” rating and set a $27.00 price target for the company. in a research report on Thursday, January 25th. JMP Securities raised shares of Blackline from a “market perform” rating to an “outperform” rating in a research report on Thursday, November 16th. SunTrust Banks reissued a “buy” rating and set a $42.00 price target on shares of Blackline in a research report on Friday, November 3rd. Finally, KeyCorp reissued a “buy” rating and set a $39.00 price target on shares of Blackline in a research report on Sunday, October 22nd. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Blackline presently has a consensus rating of “Buy” and a consensus price target of $36.78.

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Blackline 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.

Earnings History for Blackline (NASDAQ:BL)

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