BlackLine Inc (NASDAQ: BL) is -4.79% 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 $58.63 in the last trading session, with the day’s gains setting it 0.82%.
Currently trading at $59.45, the stock is 4.09% and 10.71% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.31 million and changing 1.40% at the moment leaves the stock 8.52% off its SMA200. BL registered 9.77% gain for a year compared to 6-month loss of 0.78%. The firm has a 50-day simple moving average (SMA 50) of $53.4944 and a 200-day simple moving average (SMA200) of $54.78845.
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The stock witnessed a 7.31% gain in the last 1 month and extending the period to 3 months gives it a 15.08%, and is 7.37% up 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 2.08% over the week and 2.24% over the month.
BlackLine Inc (BL) has around 1750 employees, a market worth around $3.70B and $624.40M in sales. Current P/E ratio is 35.47 and Fwd P/E is 26.97. Profit margin for the company is 19.46%. Distance from 52-week low is 37.08% and -14.23% 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 8.95% this year
408.0 institutions hold shares in BlackLine Inc (BL), with institutional investors hold 110.57% of the company’s shares. The shares outstanding are 61.52M, and float is at 51.00M with Short Float at 9.11%. Institutions hold 101.70% 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 Morgan-Prager Karole, the company’s CHIEF LEGAL AND ADMINISTRATIVE. SEC filings show that Morgan-Prager Karole sold 27,079 shares of the company’s common stock on Oct 18 ’24 at a price of $60.06 per share for a total of $1.63 million. Following the sale, the insider now owns 0.11 million shares.
Still, SEC filings show that on Oct 09 ’24, Morgan-Prager Karole (CHIEF LEGAL AND ADMINISTRATIVE) disposed off 3,927 shares at an average price of $55.19 for $0.22 million. The insider now directly holds 113,865 shares of BlackLine Inc (BL).
