BlackLineBL
Market Cap: $2.98B
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
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
587% more call options, than puts
Call options by funds: $164M | Put options by funds: $23.9M
25% more funds holding in top 10
Funds holding in top 10: 4 [Q1] → 5 (+1) [Q2]
19% more first-time investments, than exits
New positions opened: 68 | Existing positions closed: 57
4% more funds holding
Funds holding: 297 [Q1] → 308 (+11) [Q2]
3.23% less ownership
Funds ownership: 104.62% [Q1] → 101.4% (-3.23%) [Q2]
13% less repeat investments, than reductions
Existing positions increased: 98 | Existing positions reduced: 112
27% less capital invested
Capital invested by funds: $4.16B [Q1] → $3.04B (-$1.12B) [Q2]
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
8 analyst ratings
BTIG Matt VanVliet 54% 1-year accuracy 7 / 13 met price target | 36%upside $65 | Buy Maintained | 7 Aug 2024 |
JP Morgan Pinjalim Bora 44% 1-year accuracy 12 / 27 met price target | 2%downside $47 | Underweight Maintained | 7 Aug 2024 |
Baird Rob Oliver 51% 1-year accuracy 19 / 37 met price target | 36%upside $65 | Outperform Maintained | 7 Aug 2024 |
Truist Securities Terry Tillman 65% 1-year accuracy 28 / 43 met price target | 6%downside $45 | Hold Maintained | 7 Aug 2024 |
Piper Sandler Brent Bracelin 47% 1-year accuracy 66 / 141 met price target | 6%upside $51 | Neutral Maintained | 7 Aug 2024 |
Financial journalist opinion
Based on 3 articles about BL published over the past 30 days