Ceera Investments LLC Buys 11,345 Shares of BlackLine, Inc. (NASDAQ:BL)

Ceera Investments LLC boosted its stake in shares of BlackLine, Inc. (NASDAQ:BL) by 160.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,414 shares of the technology company’s stock after acquiring an additional 11,345 shares during the quarter. Ceera Investments LLC’s holdings in BlackLine were worth $1,119,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in BL. SBI Securities Co. Ltd. bought a new position in shares of BlackLine during the fourth quarter valued at approximately $31,000. Global Retirement Partners LLC grew its stake in shares of BlackLine by 568.4% during the fourth quarter. Global Retirement Partners LLC now owns 528 shares of the technology company’s stock valued at $32,000 after buying an additional 449 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of BlackLine by 41.2% during the fourth quarter. GAMMA Investing LLC now owns 634 shares of the technology company’s stock valued at $39,000 after buying an additional 185 shares during the last quarter. Covestor Ltd grew its stake in shares of BlackLine by 31.9% during the third quarter. Covestor Ltd now owns 1,392 shares of the technology company’s stock valued at $77,000 after buying an additional 337 shares during the last quarter. Finally, Asset Management One Co. Ltd. grew its stake in shares of BlackLine by 19.8% during the fourth quarter. Asset Management One Co. Ltd. now owns 1,266 shares of the technology company’s stock valued at $77,000 after buying an additional 209 shares during the last quarter. 95.13% of the stock is owned by institutional investors.

BlackLine Stock Up 0.0 %

BlackLine stock opened at $48.88 on Friday. The business has a fifty day moving average of $56.91 and a two-hundred day moving average of $56.80. The firm has a market cap of $3.07 billion, a P/E ratio of 33.71, a P/E/G ratio of 10.80 and a beta of 1.03. The company has a quick ratio of 2.69, a current ratio of 2.59 and a debt-to-equity ratio of 2.00. BlackLine, Inc. has a twelve month low of $43.37 and a twelve month high of $69.31.

BlackLine (NASDAQ:BL) last issued its quarterly earnings results on Tuesday, February 11th. The technology company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.29). BlackLine had a return on equity of 21.63% and a net margin of 24.67%. On average, analysts forecast that BlackLine, Inc. will post 0.9 earnings per share for the current fiscal year.

Insider Transactions at BlackLine

In related news, CRO Mark Woodhams sold 24,408 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $64.32, for a total value of $1,569,922.56. Following the transaction, the executive now directly owns 72,920 shares of the company’s stock, valued at $4,690,214.40. This represents a 25.08 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 9.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BL. Citigroup lowered their price target on BlackLine from $73.00 to $70.00 and set a “buy” rating for the company in a report on Wednesday, February 12th. Truist Financial lowered their price target on BlackLine from $60.00 to $55.00 and set a “hold” rating for the company in a report on Wednesday, February 12th. JMP Securities reiterated a “market outperform” rating and issued a $86.00 price target on shares of BlackLine in a report on Wednesday, January 15th. StockNews.com lowered BlackLine from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Finally, Piper Sandler lowered their price target on BlackLine from $60.00 to $58.00 and set an “underweight” rating for the company in a report on Wednesday, February 12th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $66.40.

About BlackLine

BlackLine, Inc operates a cloud-based software platform which is designed to transform accounting and finance operations for organizations of all types and sizes. Its scalable platform supports critical accounting processes such as the financial close, account reconciliations, intercompany accounting, and controls assurance.