BlackLine (BL)

• Market cap: $3.96B
• 1 day: 1.47%
• 5 days: -0.50%
• 1 month: 8.37%
• 3 months: 22.03%
• 6 months: 41.30%
• Year to date: 7.56%
• 1 year: 2.31%
• 5 years: 20.36%
• 10 years: 167.64%
• 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

9% more capital invested

Capital invested by funds: $3.07B [Q2] → $3.33B (+$261M) [Q3]

0% more funds holding in top 10

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

5.21% less ownership

Funds ownership: 102.3% [Q2] → 97.09% (-5.21%) [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

36% less first-time investments, than exits

New positions opened: 42 | Existing positions closed: 66

Research analyst outlook

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

• Low target: $50 21% downside
• Avg. target: $68 7% upside
• High target: $86 36% upside

6 analyst ratings

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

Citigroup Steven Enders 87% 1-year accuracy 20 / 23 met price target	15% upside $73	Neutral Maintained	16 Dec 2024
JMP Securities Patrick Walravens 69% 1-year accuracy 74 / 108 met price target	36% upside $86	Market Outperform Maintained	22 Nov 2024
Piper Sandler Brent Bracelin 66% 1-year accuracy 87 / 132 met price target	5% downside $60	Neutral Maintained	20 Nov 2024
Morgan Stanley Chris Quintero 100% 1-year accuracy 2 / 2 met price target	26% upside $80	Overweight Maintained	15 Nov 2024
Truist Securities Terry Tillman 68% 1-year accuracy 32 / 47 met price target	5% downside $60	Hold Maintained	11 Nov 2024