BlackLine (NASDAQ:BL) Stock Price Up 8.4% – Should You Buy?

22 Oct 2026, 22:01 by Tristan Rich · The Markets Daily

BlackLine (NASDAQ:BL – Get Free Report) shares rose 8.4% during trading on Thursday. The stock traded as high as $33.73 and last traded at $34.2040. Approximately 312,137 shares changed hands during trading, a decline of 73% from the average session volume of 1,170,636 shares. The stock had previously closed at $31.56.

Wall Street Analyst Weigh In

BL has been the subject of several research analyst reports. DA Davidson cut shares of BlackLine from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $30.00 to $23.00 in a research report on Monday, September 28th. Piper Sandler lowered their target price on BlackLine from $37.00 to $35.00 and set a “neutral” rating for the company in a research note on Wednesday, August 5th. Scotiabank downgraded BlackLine to an “outperform” rating in a research report on Tuesday, July 21st. Cantor Fitzgerald restated a “neutral” rating and set a $36.00 target price on shares of BlackLine in a research report on Wednesday, August 5th. Finally, Weiss Ratings raised BlackLine from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, July 28th. Five analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $39.50.

Get Our Latest Stock Analysis on BL

BlackLine Stock Up 8.9%

The company has a market cap of $2.00 billion, a P/E ratio of 60.30, a price-to-earnings-growth ratio of 2.05 and a beta of 0.74. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 2.12. The firm’s 50 day moving average price is $29.90 and its 200-day moving average price is $29.76.

BlackLine (NASDAQ:BL – Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The technology company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.57 by $0.04. The company had revenue of $187.82 million during the quarter, compared to analysts’ expectations of $186.99 million. BlackLine had a net margin of 4.75% and a return on equity of 20.89%. BlackLine’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.51 EPS. BlackLine has set its FY 2026 guidance at 2.470-2.540 EPS and its Q3 2026 guidance at 0.620-0.650 EPS. As a group, equities research analysts expect that BlackLine will post 0.99 EPS for the current year.

Insider Transactions at BlackLine

In other BlackLine news, CAO Michelle D. Stalick sold 780 shares of the firm’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $33.65, for a total transaction of $26,247.00. Following the transaction, the chief accounting officer owned 34,712 shares in the company, valued at approximately $1,168,058.80. This trade represents a 2.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Therese Tucker sold 70,000 shares of the business’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $31.96, for a total value of $2,237,200.00. Following the transaction, the director owned 381,557 shares of the company’s stock, valued at $12,194,561.72. The trade was a 15.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 9.10% of the company’s stock.

Institutional Trading of BlackLine

Institutional investors and hedge funds have recently modified their holdings of the stock. Fortitude Family Office LLC bought a new position in shares of BlackLine during the third quarter worth $25,000. Farther Finance Advisors LLC grew its holdings in shares of BlackLine by 258.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,908 shares of the technology company’s stock valued at $51,000 after buying an additional 1,375 shares during the period. Versant Capital Management Inc grew its holdings in shares of BlackLine by 11.8% in the 3rd quarter. Versant Capital Management Inc now owns 3,722 shares of the technology company’s stock valued at $99,000 after buying an additional 392 shares during the period. Cim Investment Management Inc. increased its position in shares of BlackLine by 7.4% in the 2nd quarter. Cim Investment Management Inc. now owns 12,525 shares of the technology company’s stock valued at $352,000 after buying an additional 865 shares in the last quarter. Finally, Squarepoint Ops LLC bought a new stake in shares of BlackLine in the 2nd quarter valued at $1,538,000. 95.13% of the stock is owned by institutional investors.

About BlackLine

(Get Free Report)

BlackLine, Inc provides cloud-based financial operations and accounting automation software for businesses. Its platform is designed to help accounting and finance teams manage, standardize and automate processes that traditionally rely on spreadsheets, manual data entry and disconnected systems.