BlackLine (BL)

• Market cap: $3.1B
• 1 day: 1.47%
• 5 days: -3.00%
• 1 month: 2.29%
• 3 months: -18.56%
• 6 months: -9.24%
• Year to date: -18.56%
• 1 year: -23.23%
• 5 years: -1.62%
• 10 years: 107.30%
• Sector: Information Technology
• Industry: Prepackaged Software

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

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

7 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $55 12% upside
• Avg. target: $66 34% upside
• High target: $86 75% upside

7 analyst ratings

• positive: 4 57%
• neutral: 2 29%
• negative: 1 14%

DA Davidson William Jellison 50% 1-year accuracy 1 / 2 met price target	18% upside $58	Buy Initiated	1 Apr 2025
Citigroup Steven Enders 44% 1-year accuracy 12 / 27 met price target	42% upside $70	Buy Maintained	12 Feb 2025
Truist Securities Terry Tillman 43% 1-year accuracy 19 / 44 met price target	12% upside $55	Hold Maintained	12 Feb 2025
BMO Capital Daniel Jester 46% 1-year accuracy 12 / 26 met price target	22% upside $60	Market Perform Maintained	12 Feb 2025
Piper Sandler Brent Bracelin 34% 1-year accuracy 38 / 111 met price target	18% upside $58	Underweight Maintained	12 Feb 2025