BlackLine Inc (NASDAQ: BL) is -19.52% lower on its value in year-to-date trading and has touched a low of $43.37 and a high of $69.31 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BL stock was last observed hovering at around $50.83 in the last trading session, with the day’s loss setting it -0.58%.
Currently trading at $50.25, the stock is 1.71% and 4.52% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.84 million and changing -1.14% at the moment leaves the stock -10.62% off its SMA200. BL registered -4.05% loss for a year compared to 6-month loss of -11.59%.
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The stock witnessed a 5.08% gain in the last 1 month and extending the period to 3 months gives it a 1.23%, and is -3.96% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.72% over the week and 2.62% over the month.
BlackLine Inc (BL) has around 1750 employees, a market worth around $3.12B and $624.40M in sales. Current P/E ratio is 29.98 and Fwd P/E is 23.09. Profit margin for the company is 19.46%. Distance from 52-week low is 15.87% and -27.50% from its 52-week high. The company has generated returns on investments over the last 12 months (9.87%).
The EPS is expected to grow by 8.61% this year.
BlackLine Inc (BL) Top Institutional Holders
413.0 institutions hold shares in BlackLine Inc (BL), with institutional investors hold 110.71% of the company’s shares. The shares outstanding are 61.52M, and float is at 50.94M with Short Float at 9.21%. Institutions hold 101.83% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 8.46 million shares valued at $409.67 million. The investor’s holdings represent 13.6425% of the BL Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 7.18 million shares valued at $348.08 million to account for 11.5914 of the shares outstanding. The other top investors are CLEARLAKE CAPITAL GROUP, L.P. which holds 5.71 million shares representing 9.2165% and valued at over $276.76 million, while FMR LLC holds 8.2106 of the shares totaling 5.09 million with a market value of $246.55 million.
BlackLine Inc (BL) Insider Activity
The most recent transaction is an insider sale by Woodhams Mark, the company’s Chief Revenue Officer. SEC filings show that Woodhams Mark sold 1,387 shares of the company’s common stock on Aug 21 ’24 at a price of $51.70 per share for a total of $71708.0. Following the sale, the insider now owns 97582.0 shares.
Still, SEC filings show that on Aug 13 ’24, Whye Barbara (Director) disposed off 5,378 shares at an average price of $52.01 for $0.28 million. The insider now directly holds 6,777 shares of BlackLine Inc (BL).
