BlackLine, Inc. provides cloud-based solutions to automate and streamline accounting and finance operations in the United States and internationally. It offers financial close management solutions that include account reconciliations providing a centralized workspace from which users can collaborate to complete account reconciliations; transaction matching that analyzes and reconciles high volumes of individual transactions from different sources of data based upon user-configured logic; task management, which enables users to create and manage processes and task lists; journal entry that allows users to manually or automatically generate, review, and post manual journal entries; variance analysis that monitors and identifies anomalous fluctuations in balance sheet and income statement account balances; consolidation integrity manager that manages the automated system-to-system tie-out process that occurs during the consolidation phase of the financial close; and compliance that facilitates compliance-related initiatives, consolidates project management, and provides visibility over control self-assessments and testing. The company also provides cash application that drives end-to-end process from an invoice to cash in the bank. In addition, it offers intercompany workflow that stores permissions by entity and transaction type, ensuring that both the initiator and the approver of the intercompany transaction are authorized to conduct business; intercompany processing, which records an organization's intercompany transactions; and netting and settlement that generates a real-time, aggregated settlement matrix, which shows the balance of transactions across an entire organization. The company sells its solutions primarily through direct sales force to multinational corporations, large domestic enterprises, and mid-market companies across various industries. BlackLine, Inc. was founded in 2001 and is headquartered in Woodland Hills, California.
IPO Year: 2016
Exchange: NASDAQ
Website: blackline.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/30/2024 | $60.00 → $70.00 | Equal-Weight → Overweight | Morgan Stanley |
| 4/23/2024 | $55.00 → $62.00 | Underweight → Neutral | Piper Sandler |
| 3/18/2024 | Peer Perform | Wolfe Research | |
| 2/14/2024 | Outperform → Mkt Perform | William Blair | |
| 1/2/2024 | $53.00 → $60.00 | Neutral → Underweight | Piper Sandler |
| 5/22/2023 | $60.00 | Equal-Weight | Morgan Stanley |
| 5/8/2023 | Sell → Neutral | Citigroup | |
| 1/18/2023 | $58.00 → $63.00 | Neutral → Sell | Citigroup |
| 1/9/2023 | $70.00 → $66.00 | Overweight → Neutral | Piper Sandler |
| 10/21/2022 | $57.00 | Sell | Goldman |
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LOS ANGELES, Nov. 19, 2024 (GLOBE NEWSWIRE) -- BlackLine (NASDAQ:BL), the future-ready platform for the Office of the CFO, today unveiled The BlackLine Studio360 Platform, a groundbreaking advancement in digital finance transformation that empowers finance and accounting professionals with the capabilities needed to navigate today's dynamic business landscape. Designed to support the entire Office of the CFO, Studio360 unifies financial operations at scale, streamlining processes and delivering actionable insights across all financial functions. "Studio360 is the new gold standard for digital finance transformation," said Therese Tucker, co-CEO and Founder. "Studio360 reflects BlackLine's
LOS ANGELES, Nov. 18, 2024 (GLOBE NEWSWIRE) -- BlackLine (NASDAQ:BL), the future-ready platform for the Office of the CFO, has been recognized as the Most Innovative FinTech Solution by the 2024 Tech Ascension Awards. This prestigious award celebrates BlackLine's commitment to delivering cutting-edge solutions that empower Finance and Accounting teams worldwide to achieve accurate, efficient, and intelligent financial operations. The 2024 Tech Ascension Awards evaluated companies based on their ability to solve critical business challenges, offer unique, user-centric solutions, and drive exceptional results. Continued Commitment to Digital Finance Transformation "Our mission has
LOS ANGELES, Nov. 13, 2024 (GLOBE NEWSWIRE) -- BlackLine (NASDAQ:BL), the future-ready platform for the Office of the CFO, today announced the appointment of Philippe Omer Decugis as Senior Vice President and General Manager for Europe. With over 20 years of experience in technology and financial services, Philippe will lead BlackLine's European operations, bringing his deep expertise to accelerate growth, foster innovation, and enhance customer success throughout the region. Philippe's proven leadership and experience in global sales, most recently at Salesforce and SAP, give him a robust foundation to guide BlackLine's European team. His strategic focus will include expanding BlackLine'
LOS ANGELES, Nov. 12, 2024 (GLOBE NEWSWIRE) -- BlackLine, Inc. (NASDAQ:BL) announced today that it will host its upcoming Investor Day on November 19th, 2024 in Orlando, FL at 1:00pm ET. The event will feature presentations by senior executives, who will provide an update on the company's strategy, innovation and financials. A live webcast and replay will be accessible on BlackLine's investor relations website at https://investors.blackline.com/. About BlackLine BlackLine (NASDAQ:BL), the future-ready platform for the Office of the CFO, drives digital finance transformation by empowering organizations with accurate, efficient, and intelligent financial operations. BlackLine's comprehen
LOS ANGELES, Nov. 12, 2024 (GLOBE NEWSWIRE) -- BlackLine (NASDAQ:BL), the future-ready platform for the Office of the CFO, today announced the winners of its 2024 Modern Accounting Awards. Now in its sixth year, the global awards program celebrates visionary customers who have revolutionized their finance and accounting practices, achieving transformational outcomes by leveraging BlackLine's innovative solutions. This year's winners, hailing from diverse industries and regions, have demonstrated outstanding adoption of future-ready financial operations. They join the ranks of previous notable recipients, such as CVS Health Domino's, Finning, Kimberly-Clark, SiriusXM, Starbucks, and Takeda.
LOS ANGELES, Nov. 12, 2024 (GLOBE NEWSWIRE) -- BlackLine (NASDAQ:BL), the future-ready platform for the Office of the CFO, today announced the winners of its 2024 Modern Accounting Awards. Now in its sixth year, the global awards program celebrates visionary customers who have revolutionized their finance and accounting practices, achieving transformational outcomes by leveraging BlackLine's innovative solutions. This year's winners, hailing from diverse industries and regions, have demonstrated outstanding adoption of future-ready financial operations. They join the ranks of previous notable recipients, such as CVS Health Domino's, Finning, Kimberly-Clark, SiriusXM, Starbucks, and Takeda.
LOS ANGELES, Nov. 07, 2024 (GLOBE NEWSWIRE) -- BlackLine, Inc. (NASDAQ:BL), today announced that after nearly 10 years as BlackLine's Chief Financial Officer, Mark Partin has decided to retire, effective March 1, 2025. Patrick Villanova, BlackLine's Chief Accounting Officer, will succeed Mr. Partin as Chief Financial Officer, effective March 1, 2025. Mr. Villanova is a seasoned finance leader, with over 25 years of experience. He joined the Company in 2015 and has been instrumental in driving BlackLine's success, including serving as Principal Accounting Officer during the company's successful IPO in 2016. Most recently, Mr. Villanova has served as BlackLine's Chief Accounting Officer, a
LOS ANGELES, Nov. 07, 2024 (GLOBE NEWSWIRE) -- BlackLine, Inc. (NASDAQ:BL), today announced financial results for the third quarter ended September 30, 2024. "BlackLine delivered another quarter of solid financial results, exceeding our financial guidance while achieving record free cash flow generation," said Owen Ryan, co-CEO of BlackLine. "Our relentless focus on operational excellence continues to drive execution across the organization, enhancing our competitive position while advancing our strategic initiatives." "Innovation is accelerating at BlackLine, as our teams deliver compelling new solutions and functionality that enhance our differentiation in the market," said Therese Tuc
LOS ANGELES, Oct. 24, 2024 (GLOBE NEWSWIRE) -- BlackLine, Inc. (NASDAQ:BL) announced today that it will release financial results for the third quarter ended September 30, 2024 after market close on Thursday, November 7, 2024 followed by a conference call hosted by management at 2:00 p.m. PT / 5:00 p.m. ET. A live webcast and replay will be accessible on BlackLine's investor relations website at https://investors.blackline.com/. To access the conference call by phone, please register here, and dial-in details will be provided. To avoid delays, we encourage participants to dial into the conference call fifteen minutes ahead of the scheduled start time. About BlackLine BlackLine (N
Proven Tech Exec Joins Fusion's Leadership Team to Enhance Customer Success, Professional Services, and Support During Next Stage of Growth Fusion Risk Management, Inc. ("Fusion"), a leading provider of operational resilience and business continuity software, today announced that veteran technology and professional services executive Lisa Schreiber has joined the firm to serve as Chief Customer Officer. Schreiber joins Fusion's Executive Leadership Team and will lead all aspects of the company's world-class customer success, professional services, and support organizations. "Delivering the best service to our customers has always been core to our mission at Fusion, and we are thrilled to
4 - BLACKLINE, INC. (0001666134) (Issuer)
4 - BLACKLINE, INC. (0001666134) (Issuer)
4 - BLACKLINE, INC. (0001666134) (Issuer)
LOS ANGELES, Nov. 13, 2024 (GLOBE NEWSWIRE) -- BlackLine (NASDAQ:BL), the future-ready platform for the Office of the CFO, today announced the appointment of Philippe Omer Decugis as Senior Vice President and General Manager for Europe. With over 20 years of experience in technology and financial services, Philippe will lead BlackLine's European operations, bringing his deep expertise to accelerate growth, foster innovation, and enhance customer success throughout the region. Philippe's proven leadership and experience in global sales, most recently at Salesforce and SAP, give him a robust foundation to guide BlackLine's European team. His strategic focus will include expanding BlackLine'
Proven Tech Exec Joins Fusion's Leadership Team to Enhance Customer Success, Professional Services, and Support During Next Stage of Growth Fusion Risk Management, Inc. ("Fusion"), a leading provider of operational resilience and business continuity software, today announced that veteran technology and professional services executive Lisa Schreiber has joined the firm to serve as Chief Customer Officer. Schreiber joins Fusion's Executive Leadership Team and will lead all aspects of the company's world-class customer success, professional services, and support organizations. "Delivering the best service to our customers has always been core to our mission at Fusion, and we are thrilled to
Henshall brings significant experience in enterprise software andpossesses unmatched expertise in finance, strategy, and technology development LOS ANGELES, Sept. 24, 2024 (GLOBE NEWSWIRE) -- BlackLine (NASDAQ BL), the future-ready platform for the Office of the CFO, today announced the appointment of David Henshall to its Board of Directors. Henshall brings a wealth of business experience and deep financial expertise, with a proven track record advising companies on strategies to enhance operations and financial performance. He spent nearly 20 years in various executive roles at Citrix, most recently as President and Chief Executive Officer. During his tenure, he played a critical role
Jimmy Duan to lead all customer- and partner-facing teams at digital finance transformation leader LOS ANGELES, May 6, 2024 /PRNewswire/ -- BlackLine, Inc. (NASDAQ:BL) announced today that software veteran Jimmy Duan has joined the company as chief customer officer, effective May 6th. In his new role, Mr. Duan will oversee the company's Implementation, Customer Success, Support, and Training teams, as well as the Strategic Alliances & Channels teams. The digital finance transformation leader provides market-leading solutions that drive greater automation, efficiency, financial governance, and risk management for the Office of the CFO. He will report to Co-CEO Owen Ryan.
NEW YORK, March 1, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P 100, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, March 18, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed
Cloud software industry veteran to continue to nurture and evolve customer-first organization built on innovation, agility, and inclusion LOS ANGELES, Sept. 26, 2023 /PRNewswire/ -- BlackLine, Inc. (NASDAQ:BL) announced today that human resources leader and cloud software industry veteran Mary Ainsworth has joined the accounting automation software leader as chief people officer, effective Sept. 5th. In her new role, Ainsworth is responsible for building, scaling, and elevating BlackLine's global talent practices and programs as the company continues to inspire, power, and guide customers on their digital finance transformation journeys. She will report to Co-CEO Owen Ryan.
Former DigitalOcean executive joins leading CI/CD platform to bolster insights, server, and cloud capabilities CircleCI, the leading continuous integration and continuous delivery (CI/CD) platform, today announced Apurva (AJ) Joshi as Chief Product Officer. The company also announced major product updates to their server capabilities that enhance security and compliance for enterprise teams. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210630005568/en/Apurva (AJ) Joshi, CircleCI, Chief Product Officer (Photo: Business Wire) Joshi's immediate priorities following his appointment include: expanding CircleCI's footprint to furthe
LOS ANGELES, Nov. 12, 2024 (GLOBE NEWSWIRE) -- BlackLine, Inc. (NASDAQ:BL) announced today that it will host its upcoming Investor Day on November 19th, 2024 in Orlando, FL at 1:00pm ET. The event will feature presentations by senior executives, who will provide an update on the company's strategy, innovation and financials. A live webcast and replay will be accessible on BlackLine's investor relations website at https://investors.blackline.com/. About BlackLine BlackLine (NASDAQ:BL), the future-ready platform for the Office of the CFO, drives digital finance transformation by empowering organizations with accurate, efficient, and intelligent financial operations. BlackLine's comprehen
LOS ANGELES, Nov. 07, 2024 (GLOBE NEWSWIRE) -- BlackLine, Inc. (NASDAQ:BL), today announced financial results for the third quarter ended September 30, 2024. "BlackLine delivered another quarter of solid financial results, exceeding our financial guidance while achieving record free cash flow generation," said Owen Ryan, co-CEO of BlackLine. "Our relentless focus on operational excellence continues to drive execution across the organization, enhancing our competitive position while advancing our strategic initiatives." "Innovation is accelerating at BlackLine, as our teams deliver compelling new solutions and functionality that enhance our differentiation in the market," said Therese Tuc
LOS ANGELES, Oct. 24, 2024 (GLOBE NEWSWIRE) -- BlackLine, Inc. (NASDAQ:BL) announced today that it will release financial results for the third quarter ended September 30, 2024 after market close on Thursday, November 7, 2024 followed by a conference call hosted by management at 2:00 p.m. PT / 5:00 p.m. ET. A live webcast and replay will be accessible on BlackLine's investor relations website at https://investors.blackline.com/. To access the conference call by phone, please register here, and dial-in details will be provided. To avoid delays, we encourage participants to dial into the conference call fifteen minutes ahead of the scheduled start time. About BlackLine BlackLine (N
LOS ANGELES, Aug. 06, 2024 (GLOBE NEWSWIRE) -- BlackLine, Inc. (NASDAQ:BL), today announced financial results for the second quarter ended June 30, 2024. "BlackLine delivered solid results this quarter, exceeding our revenue and profitability expectations, while continuing to generate robust free cash flow," said Owen Ryan, co-CEO of BlackLine. "Our teams are relentlessly pursuing higher levels of operational excellence, aligned to our strategy and driven by our customer-focused operating model." "Our commitment to delivering value for the Office of the CFO is unwavering," said Therese Tucker, co-CEO of BlackLine. "By developing and offering increasingly advanced solutions and capabiliti
LOS ANGELES, July 23, 2024 (GLOBE NEWSWIRE) -- BlackLine, Inc. (NASDAQ:BL) announced today that it will release financial results for the second quarter ended June 30, 2024 after market close on Tuesday, August 6, 2024 followed by a conference call hosted by management at 2:00 p.m. PT / 5:00 p.m. ET. A live webcast and replay will be accessible on BlackLine's investor relations website at https://investors.blackline.com/. To access the conference call by phone, please register here, and dial-in details will be provided. To avoid delays, we encourage participants to dial into the conference call fifteen minutes ahead of the scheduled start time. About BlackLine Companies come to BlackLine
LOS ANGELES, May 07, 2024 (GLOBE NEWSWIRE) -- BlackLine, Inc. (NASDAQ:BL), today announced financial results for the first quarter ended March 31, 2024. "BlackLine's financial results this quarter exceeded our revenue and profitability expectations, demonstrating our ability to deliver profitable growth as we relentlessly drive our refreshed strategy and new operating model," said Owen Ryan, co-CEO of BlackLine. "Though it is still early, we are seeing encouraging signs of progress across the company. Moving forward, we will look to capitalize on these to support our long-term growth objectives." "Our goal is to drive innovation that not only anticipates the evolving needs o
LOS ANGELES, April 23, 2024 (GLOBE NEWSWIRE) -- BlackLine, Inc. (NASDAQ:BL) announced today that it will release financial results for the first quarter ended March 31, 2024 after market close on Tuesday, May 7, 2024 followed by a conference call hosted by management at 2:00 p.m. PT / 5:00 p.m. ET. A live webcast and replay will be accessible on BlackLine's investor relations website at https://investors.blackline.com/. To access the conference call by phone, please register here, and dial-in details will be provided. To avoid delays, we encourage participants to dial into the conference call fifteen minutes ahead of the scheduled start time. About BlackLine Companies come to BlackLine (
LOS ANGELES, Feb. 13, 2024 (GLOBE NEWSWIRE) -- BlackLine, Inc. (NASDAQ:BL), today announced financial results for the fourth quarter and full year ended December 31, 2023. "BlackLine closed the year with solid results, surpassing our expectations for both revenue and profitability, highlighting the powerful operating leverage embedded in our model," said Owen Ryan, co-CEO of BlackLine. "Further, we aligned to a new operating model that directly supports our strategy of leading with solutions and harnessing the power of our partner ecosystem to solve real business problems for our customers." "Customer-centric innovation has consistently been at the core of our culture, our strategy,
LOS ANGELES, Jan. 30, 2024 (GLOBE NEWSWIRE) -- BlackLine, Inc. (NASDAQ:BL) announced today that it will release financial results for the fourth quarter and full year ended December 31, 2023 after market close on Tuesday, February 13, 2024 followed by a conference call hosted by management at 2:00 p.m. PT / 5:00 p.m. ET. A live webcast and replay will be accessible on BlackLine's investor relations website at https://investors.blackline.com/. To access the conference call by phone, please register here, and dial-in details will be provided. To avoid delays, we encourage participants to dial into the conference call fifteen minutes ahead of the scheduled start time. About BlackLine Compan
LOS ANGELES, Nov. 02, 2023 (GLOBE NEWSWIRE) -- BlackLine, Inc. (NASDAQ:BL), today announced financial results for the third quarter ended September 30, 2023. "This was a busy quarter for BlackLine marked by solid financial results and progress against key initiatives," said Owen Ryan, co-CEO of BlackLine. "While our work is far from complete, we are confident that the steps we are taking will drive a higher level of execution across the organization and deepen our relationships with customers and partners across the globe." "BlackLine is uniquely positioned to inspire, power and guide digital finance transformation," said Therese Tucker, co-CEO of BlackLine. "We firmly believe t
Morgan Stanley upgraded BlackLine from Equal-Weight to Overweight and set a new price target of $70.00 from $60.00 previously
Piper Sandler upgraded BlackLine from Underweight to Neutral and set a new price target of $62.00 from $55.00 previously
Wolfe Research initiated coverage of BlackLine with a rating of Peer Perform
William Blair downgraded BlackLine from Outperform to Mkt Perform
Piper Sandler downgraded BlackLine from Neutral to Underweight and set a new price target of $60.00 from $53.00 previously
Morgan Stanley initiated coverage of BlackLine with a rating of Equal-Weight and set a new price target of $60.00
Citigroup upgraded BlackLine from Sell to Neutral
Citigroup downgraded BlackLine from Neutral to Sell and set a new price target of $63.00 from $58.00 previously
Piper Sandler downgraded BlackLine from Overweight to Neutral and set a new price target of $66.00 from $70.00 previously
Goldman initiated coverage of BlackLine with a rating of Sell and set a new price target of $57.00
JMP Securities analyst Patrick Walravens reiterates BlackLine (NASDAQ:BL) with a Market Outperform and maintains $81 price target.
Piper Sandler analyst Brent Bracelin maintains BlackLine (NASDAQ:BL) with a Neutral and lowers the price target from $62 to $55.
Analysts' ratings for BlackLine (NASDAQ:BL) over the last quarter vary from bullish to bearish, as provided by 5 analysts. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 1 4 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 0 0 0 2M Ago 0 1 1 0 0 3M Ago 0 0 2 0 0 In the assessment of 12-month price targets, analysts unveil insights for BlackLine, presenting an average target of $63.6, a high estimate of $72.00, and a low estimate of $54.00. Witnessing a positive shift, the current average ha
Citigroup analyst Steven Enders maintains BlackLine (NASDAQ:BL) with a Neutral and lowers the price target from $62 to $54.
https://www.streetinsider.com/Hot+M+and+A/Blackline+%28BL%29+said+target+of+PE+takeover+approach+-+source/23389687.html
The most oversold stocks in the information technology sector presents an opportunity to buy into undervalued companies. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro. Here's the latest list of major oversold players in this sector, having an RSI near or below 30. DoubleVerify Holdings, Inc. (NYSE:DV) On May 16, DoubleVerify announced a $150 million share repurchase program. T
The company announced that it intends to offer, subject to market conditions and other factors, $500,000,000 aggregate principal amount of convertible senior notes due 2029 (the "notes") in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). BlackLine also intends to grant the initial purchaser of the notes a 13-day option to purchase up to an additional $75,000,000 aggregate principal amount of the notes. The notes will be senior unsecured obligations of BlackLine and will accrue interest payable semiannually in arrears. The notes will mature on June 1, 2029, unless earlier converted, repurchased o
BMO Capital analyst Daniel Jester maintains BlackLine (NASDAQ:BL) with a Market Perform and raises the price target from $65 to $67.