The price of BlackLine Inc (NASDAQ:BL) shares last traded on Wall Street fell -0.60% to $59.65.
BL stock price is now -2.42% away from the 50-day moving average and 9.00% away from the 200-day moving average. The market capitalization of the company currently stands at $3.73B.
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With the price target maintained at $73, Citigroup recently Upgraded its rating from Neutral to Buy for BlackLine Inc (NASDAQ: BL). On January 06, 2025, Piper Sandler Downgraded its previous ‘Neutral’ rating to ‘Underweight’ on the stock keeping its target price maintained at $60, while ‘Morgan Stanley’ rates the stock as ‘Overweight’
In other news, Woodhams Mark, Chief Revenue Officer sold 24,408 shares of the company’s stock on Dec 12 ’24. The stock was sold for $1,569,892 at an average price of $64.32. Upon completion of the transaction, the Chief Revenue Officer now directly owns 72,920 shares in the company, valued at $4.35 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 12 ’24, Officer Woodhams Mark bought 24,408 shares of the business’s stock. A total of $1,569,985 was incurred on buying the stock at an average price of $64.32. A total of 17.68% of the company’s stock is owned by insiders.
During the past 12 months, BlackLine Inc has had a low of $43.37 and a high of $69.31. As of last week, the company has a debt-to-equity ratio of 2.49, a current ratio of 2.69, and a quick ratio of 2.69. According to the stock market information, the enterprise value for the company is $3828223232, which is based on a 34.21 price-to-earnings ratio, a 8.03 price-to-earnings-growth ratio, and a beta of 0.92. The fifty day moving average price for BL is $61.128 and a two-hundred day moving average price translates $54.72545 for the stock.
The latest earnings results from BlackLine Inc (NASDAQ: BL) was released for 2024-09-30. The net profit margin was 19.83% and return on equity was 43.46% for BL. The company reported revenue of $165.91 million for the quarter, compared to $150.71 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.09 percent. For the current quarter, analysts expect BL to generate $168.33M in revenue.
