Rep. Lisa C. McClain Sells Off Shares of BlackLine (NASDAQ:BL)

28 Nov 2025, 23:02 by Amy Steele · The Cerbat Gem

Representative Lisa C. McClain (R-Michigan) recently sold shares of BlackLine (NASDAQ:BL). In a filing disclosed on November 21st, the Representative disclosed that they had sold between $1,001 and $15,000 in BlackLine stock on October 30th. The trade occurred in the Representative’s “CHARLES SCHWAB BROKERAGE ACCOUNT 924” account.

Representative Lisa C. McClain also recently made the following trade(s):

Sold $1,001 – $15,000 in shares of Ciena (NYSE:CIEN) on 10/31/2025.
Sold $1,001 – $15,000 in shares of Alibaba Group (NYSE:BABA) on 10/31/2025.
Sold $1,001 – $15,000 in shares of Coherent (NYSE:COHR) on 10/31/2025.
Sold $1,001 – $15,000 in shares of Clorox (NYSE:CLX) on 10/31/2025.
Sold $1,001 – $15,000 in shares of Northern Trust (NASDAQ:NTRS) on 10/31/2025.
Sold $1,001 – $15,000 in shares of Honda Motor (NYSE:HMC) on 10/31/2025.
Sold $1,001 – $15,000 in shares of Home BancShares (NYSE:HOMB) on 10/31/2025.
Sold $1,001 – $15,000 in shares of Five Below (NASDAQ:FIVE) on 10/31/2025.
Sold $1,001 – $15,000 in shares of Pure Storage (NYSE:PSTG) on 10/31/2025.
Sold $1,001 – $15,000 in shares of BHP Group (NYSE:BHP) on 10/31/2025.

BlackLine Stock Down 0.6%

Shares of NASDAQ BL traded down $0.37 on Friday, reaching $56.99. 253,041 shares of the company’s stock traded hands, compared to its average volume of 831,454. The business’s 50 day simple moving average is $53.74 and its two-hundred day simple moving average is $54.39. BlackLine has a 12 month low of $40.82 and a 12 month high of $66.25. The company has a market cap of $3.39 billion, a price-to-earnings ratio of 51.34, a price-to-earnings-growth ratio of 13.64 and a beta of 1.02. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 2.03.

BlackLine (NASDAQ:BL – Get Free Report) last issued its quarterly earnings results on Thursday, November 6th. The technology company reported $0.51 EPS for the quarter, hitting analysts’ consensus estimates of $0.51. BlackLine had a return on equity of 14.51% and a net margin of 11.07%.The firm had revenue of $178.29 million for the quarter, compared to analysts’ expectations of $178.11 million. During the same period in the previous year, the firm posted $0.60 EPS. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. BlackLine has set its FY 2025 guidance at 2.080-2.130 EPS. Q4 2025 guidance at 0.580-0.610 EPS. As a group, equities research analysts forecast that BlackLine will post 0.9 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BL. Hawk Ridge Capital Management LP grew its position in BlackLine by 124.3% in the 1st quarter. Hawk Ridge Capital Management LP now owns 1,959,945 shares of the technology company’s stock worth $94,901,000 after purchasing an additional 1,086,185 shares during the period. Westwood Holdings Group Inc. grew its holdings in shares of BlackLine by 106.4% in the first quarter. Westwood Holdings Group Inc. now owns 1,186,347 shares of the technology company’s stock worth $57,443,000 after acquiring an additional 611,499 shares during the period. American Century Companies Inc. increased its position in BlackLine by 7.2% during the first quarter. American Century Companies Inc. now owns 961,341 shares of the technology company’s stock valued at $46,548,000 after acquiring an additional 64,676 shares during the last quarter. Geneva Capital Management LLC increased its position in BlackLine by 5.6% during the second quarter. Geneva Capital Management LLC now owns 924,325 shares of the technology company’s stock valued at $52,335,000 after acquiring an additional 49,292 shares during the last quarter. Finally, Tensile Capital Management LP lifted its holdings in BlackLine by 17.6% in the first quarter. Tensile Capital Management LP now owns 871,485 shares of the technology company’s stock valued at $42,197,000 after acquiring an additional 130,488 shares during the period. Institutional investors own 95.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on BL. BMO Capital Markets reduced their price target on BlackLine from $63.00 to $57.00 and set a “market perform” rating for the company in a report on Friday, November 7th. Morgan Stanley raised their price objective on shares of BlackLine from $68.00 to $73.00 and gave the company an “overweight” rating in a research note on Monday, November 10th. JMP Securities reaffirmed a “market outperform” rating and issued a $80.00 target price on shares of BlackLine in a report on Thursday, September 11th. Truist Financial increased their price target on shares of BlackLine from $45.00 to $50.00 and gave the company a “hold” rating in a report on Thursday, August 7th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of BlackLine in a research report on Monday. Five investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $60.92.

Get Our Latest Stock Analysis on BL

Insider Buying and Selling at BlackLine

In related news, Director Thomas Unterman sold 910 shares of the firm’s stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $55.00, for a total value of $50,050.00. Following the transaction, the director owned 41,835 shares of the company’s stock, valued at approximately $2,300,925. This trade represents a 2.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 8.60% of the stock is owned by company insiders.

About Representative McClain

Lisa McClain (Republican Party) is a member of the U.S. House, representing Michigan’s 9th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027.

McClain (Republican Party) is running for re-election to the U.S. House to represent Michigan’s 9th Congressional District. She declared candidacy for the 2026 election.

Lisa McClain lives in Romeo, Michigan. McClain earned a bachelor’s degree in business administration from Northwood University. Her career experience includes founding and working as the president of North End Support Team.

BlackLine Company Profile

(Get Free Report)

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.