BlackLine (BL)

• Market cap: $3.73B
• 1 day: -0.60%
• 5 days: 8.43%
• 1 month: -7.46%
• 3 months: 0.78%
• 6 months: 24.45%
• Year to date: -1.13%
• 1 year: -1.29%
• 5 years: -4.25%
• 10 years: 151.69%
• 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 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 Q3 regulatory filings by fund managers ($100M+ AUM)

396% more call options, than puts

Call options by funds: $152M | Put options by funds: $30.7M

10% more capital invested

Capital invested by funds: $3.12B [Q2] → $3.42B (+$302M) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 5 [Q2] → 5 (+0) [Q3]

4.26% less ownership

Funds ownership: 104.03% [Q2] → 99.77% (-4.26%) [Q3]

8% less funds holding

Funds holding: 310 [Q2] → 286 (-24) [Q3]

20% less repeat investments, than reductions

Existing positions increased: 88 | Existing positions reduced: 110

32% less first-time investments, than exits

New positions opened: 42 | Existing positions closed: 62

Research analyst outlook

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

• Low target: $50 16% downside
• Avg. target: $68 14% upside
• High target: $86 44% upside

6 analyst ratings

• positive: 3 50%
• neutral: 1 17%
• negative: 2 33%

Citigroup Steven Enders 74% 1-year accuracy 20 / 27 met price target	22% upside $73	Buy Upgraded	16 Jan 2025
JMP Securities Patrick Walravens 57% 1-year accuracy 63 / 111 met price target	44% upside $86	Market Outperform Reiterated	15 Jan 2025
Piper Sandler Brent Bracelin 61% 1-year accuracy 74 / 122 met price target	1% upside $60	Underweight Downgraded	6 Jan 2025
Morgan Stanley Chris Quintero 33% 1-year accuracy 1 / 3 met price target	34% upside $80	Overweight Maintained	15 Nov 2024
Truist Securities Terry Tillman 56% 1-year accuracy 27 / 48 met price target	1% upside $60	Hold Maintained	11 Nov 2024