Atria Investments LLC Sells 4,085 Shares of BlackLine, Inc. (NASDAQ:BL)

Atria Investments LLC lessened its holdings in BlackLine, Inc. (NASDAQ:BLGet Rating) by 10.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 35,756 shares of the technology company’s stock after selling 4,085 shares during the period. Atria Investments LLC owned approximately 0.06% of BlackLine worth $3,702,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. CVA Family Office LLC bought a new position in BlackLine during the fourth quarter valued at $64,000. Lindbrook Capital LLC bought a new position in BlackLine during the fourth quarter valued at $70,000. CWM LLC bought a new position in BlackLine during the fourth quarter valued at $124,000. FourThought Financial LLC grew its holdings in shares of BlackLine by 1,045.6% in the third quarter. FourThought Financial LLC now owns 1,306 shares of the technology company’s stock worth $154,000 after purchasing an additional 1,192 shares during the last quarter. Finally, National Bank of Canada FI bought a new position in shares of BlackLine in the fourth quarter worth about $166,000. Institutional investors and hedge funds own 97.93% of the company’s stock.

In other BlackLine news, CTO Peter Hirsch sold 3,427 shares of the firm’s stock in a transaction on Tuesday, February 22nd. The stock was sold at an average price of $71.13, for a total value of $243,762.51. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Thomas Unterman sold 500 shares of the firm’s stock in a transaction on Tuesday, February 22nd. The shares were sold at an average price of $71.13, for a total value of $35,565.00. The disclosure for this sale can be found here. Insiders have sold a total of 4,427 shares of company stock worth $316,003 in the last quarter. Insiders own 9.71% of the company’s stock.

Shares of NASDAQ:BL opened at $69.59 on Monday. The company has a market cap of $4.12 billion, a PE ratio of -35.32 and a beta of 0.90. BlackLine, Inc. has a twelve month low of $65.15 and a twelve month high of $135.00. The company’s 50 day moving average is $73.49 and its 200 day moving average is $96.45. The company has a current ratio of 4.18, a quick ratio of 4.18 and a debt-to-equity ratio of 3.43.

BlackLine (NASDAQ:BLGet Rating) last issued its quarterly earnings data on Thursday, February 10th. The technology company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.03). The firm had revenue of $115.30 million for the quarter, compared to analyst estimates of $113.55 million. BlackLine had a negative return on equity of 7.63% and a negative net margin of 27.05%. BlackLine’s revenue for the quarter was up 20.5% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.04) EPS. Equities research analysts predict that BlackLine, Inc. will post -1.14 earnings per share for the current fiscal year.

A number of research analysts have recently commented on BL shares. Robert W. Baird cut their price target on shares of BlackLine from $132.00 to $105.00 in a report on Friday, February 11th. Citigroup began coverage on shares of BlackLine in a report on Tuesday, February 1st. They issued a “hold” rating and a $92.00 price target on the stock. JMP Securities lowered their price objective on shares of BlackLine from $163.00 to $145.00 and set a “market outperform” rating for the company in a research note on Friday, February 11th. Piper Sandler lowered their price objective on shares of BlackLine from $130.00 to $112.00 and set an “overweight” rating for the company in a research note on Friday, February 11th. Finally, BMO Capital Markets began coverage on shares of BlackLine in a research note on Tuesday, February 1st. They issued a “market perform” rating and a $92.00 price objective for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $115.11.

BlackLine Company Profile (Get Rating)

BlackLine, Inc provides cloud-based solutions to automate and streamline accounting and finance operations worldwide. It offers financial close management solutions, such as account reconciliations that provides a centralized workspace for users to collaborate on account reconciliations; transaction matching that analyzes and reconciles high volumes of individual transactions; and task management to create and manage processes and task lists.

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Institutional Ownership by Quarter for BlackLine (NASDAQ:BL)

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