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 |
|---|---|---|---|
| 4/23/2025 | $46.00 | Underweight → Neutral | Piper Sandler |
| 4/1/2025 | $58.00 | Buy | DA Davidson |
| 1/30/2025 | $50.00 → $75.00 | Underperform → Buy | BofA Securities |
| 1/16/2025 | $73.00 | Neutral → Buy | Citigroup |
| 1/6/2025 | $60.00 | Neutral → Underweight | Piper Sandler |
| 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 |
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LOS ANGELES, May 06, 2025 (GLOBE NEWSWIRE) -- BlackLine, Inc. (NASDAQ:BL), today announced financial results for the first quarter ended March 31, 2025. "BlackLine's first quarter delivered solid results with bookings exceeding expectations, driven by improved execution along with continued margin expansion," said Owen Ryan, Co-CEO of BlackLine. "Our key strategic initiatives continue to advance steadily: Studio360 adoption is growing, our new pricing strategy is gaining traction, our industry-specific approach is building momentum, and our public sector business is progressing as planned. While navigating current market uncertainty, we are focused on managing the near-term without compro
LOS ANGELES, April 22, 2025 (GLOBE NEWSWIRE) -- BlackLine, Inc. (NASDAQ:BL) announced today that it will release financial results for the first quarter ended March 31, 2025 after market close on Tuesday, May 6, 2025 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 (NASDAQ:BL), the fu
LOS ANGELES, April 09, 2025 (GLOBE NEWSWIRE) -- BlackLine, Inc. (NASDAQ:BL), has been recognized in the recently published Forrester Report: Top AI Use Cases for Accounts Receivable Automation in 2025. The report highlights key areas where artificial intelligence is transforming the accounts receivable (AR) function, with BlackLine cited for its capabilities in three essential categories: Collection Management, Explainability and Transparency, and Model Bias and Inaccuracy. According to the report, "BlackLine trains AI models with diverse data sets to minimize bias and continuously monitors prediction accuracy, with human reviews to ensure performance." "Finance & accounting leaders wan
LOS ANGELES, March 13, 2025 (GLOBE NEWSWIRE) -- BlackLine, Inc. (NASDAQ:BL), the intelligent financial data platform that powers the modern Office of the CFO, has announced the winners of its 2024 Global and Regional Partner Awards, celebrating firms that have gone above and beyond in enabling organizations to achieve future-ready finance operations. This year's honorees are recognized for their deep expertise, strategic collaboration, and commitment to driving meaningful outcomes for joint customers. In addition to its annual award categories, BlackLine has introduced two new distinctions—Growth Accelerator and Innovation—to spotlight partners making transformative contributions to cus
LOS ANGELES, March 10, 2025 (GLOBE NEWSWIRE) -- BlackLine, Inc. (NASDAQ:BL) ("BlackLine" or the "Company") today announced that it has entered into a cooperation agreement (the "agreement") with Scalar Gauge Fund ("Scalar Gauge") to appoint a highly qualified and independent member to the Company's Board of Directors (the "Board"). In accordance with the agreement with Scalar Gauge, the Company will appoint Scott Davidson, no later than March 14, 2025. He will be a Class I Director with a term expiring at the Company's 2026 Annual Meeting. Davidson has over 25 years of strategy, financial management, acquisitions, and sales & marketing experience at software companies. As the former Chie
LOS ANGELES, Feb. 25, 2025 (GLOBE NEWSWIRE) -- BlackLine, Inc. (NASDAQ:BL) today announced that BlackLine's management team will participate in the following upcoming investor conferences: The Citizens JMP Technology ConferenceTuesday, March 4, 2025Presentation time: 2:00 PM PTLocation: San Francisco, CA Morgan Stanley Technology, Media & Telecom ConferenceWednesday, March 5, 2025Presentation time: 1:50 PM PTLocation: San Francisco, CA The webcasts will be available on BlackLine's investor relations website at https://investors.blackline.com. About BlackLine BlackLine is the intelligent financial data platform that powers the modern Office of the CFO. As the central nervous
LOS ANGELES, Feb. 25, 2025 (GLOBE NEWSWIRE) -- BlackLine, Inc. (NASDAQ:BL), the intelligent financial data platform that powers the modern Office of the CFO, announced today the expansion of its presence in Bengaluru, India, reinforcing its commitment to global growth, operational scalability, and continuous, best-in-class customer support. Scaling to Meet Growing Demand Since establishing operations in Bengaluru in 2022, BlackLine has steadily expanded its teams in the region to meet increasing demand for its solutions. The new 50,000-square-foot office strengthens BlackLine's ability to provide continuous service, accelerate product development, enhance operational efficiencies, and su
LOS ANGELES, Feb. 11, 2025 (GLOBE NEWSWIRE) -- BlackLine, Inc. (NASDAQ:BL), today announced financial results for the fourth quarter and full year ended December 31, 2024. "We believe our recent user conference and accelerating innovation are creating momentum for BlackLine," said Owen Ryan, Co-CEO of BlackLine. "We're making progress on our key Investor Day initiatives, including the rollout of Studio360, advancement of our public sector opportunity, and expansion of our industry-specific strategy. While we recognize the work ahead to achieve our full vision, our strategic investments are building a solid foundation for future growth." "By focusing our innovation on the evolving needs o
LOS ANGELES, Jan. 28, 2025 (GLOBE NEWSWIRE) -- BlackLine, Inc. (NASDAQ:BL) announced today that it will release financial results for the fourth quarter and full year ended December 31, 2024 after market close on Tuesday, February 11, 2025 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 BlackL
Stuart Van Houten, Will Join BlackLine Effective February 17, 2025, and Succeed Mark Woodhams as Head of Global Sales Team BlackLine Expects Fourth Quarter and Full Year 2024 Revenue to Meet or Slightly Exceed High End of Guidance Range; Reaffirms Non-GAAP Operating Margin Guidance LOS ANGELES, Jan. 13, 2025 (GLOBE NEWSWIRE) -- BlackLine, Inc. (NASDAQ:BL) ("BlackLine" or the "Company"), the future-ready platform for the Office of the CFO, today announced that Stuart Van Houten, a seasoned technology and enterprise SaaS veteran, will assume the newly created role of Chief Commercial Officer on February 17, 2025. Mr. Van Houten will be responsible for leading the Company's global sales org
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LOS ANGELES, May 06, 2025 (GLOBE NEWSWIRE) -- BlackLine, Inc. (NASDAQ:BL), today announced financial results for the first quarter ended March 31, 2025. "BlackLine's first quarter delivered solid results with bookings exceeding expectations, driven by improved execution along with continued margin expansion," said Owen Ryan, Co-CEO of BlackLine. "Our key strategic initiatives continue to advance steadily: Studio360 adoption is growing, our new pricing strategy is gaining traction, our industry-specific approach is building momentum, and our public sector business is progressing as planned. While navigating current market uncertainty, we are focused on managing the near-term without compro
LOS ANGELES, April 22, 2025 (GLOBE NEWSWIRE) -- BlackLine, Inc. (NASDAQ:BL) announced today that it will release financial results for the first quarter ended March 31, 2025 after market close on Tuesday, May 6, 2025 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 (NASDAQ:BL), the fu
LOS ANGELES, Feb. 11, 2025 (GLOBE NEWSWIRE) -- BlackLine, Inc. (NASDAQ:BL), today announced financial results for the fourth quarter and full year ended December 31, 2024. "We believe our recent user conference and accelerating innovation are creating momentum for BlackLine," said Owen Ryan, Co-CEO of BlackLine. "We're making progress on our key Investor Day initiatives, including the rollout of Studio360, advancement of our public sector opportunity, and expansion of our industry-specific strategy. While we recognize the work ahead to achieve our full vision, our strategic investments are building a solid foundation for future growth." "By focusing our innovation on the evolving needs o
LOS ANGELES, Jan. 28, 2025 (GLOBE NEWSWIRE) -- BlackLine, Inc. (NASDAQ:BL) announced today that it will release financial results for the fourth quarter and full year ended December 31, 2024 after market close on Tuesday, February 11, 2025 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 BlackL
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
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Piper Sandler upgraded BlackLine from Underweight to Neutral and set a new price target of $46.00
DA Davidson initiated coverage of BlackLine with a rating of Buy and set a new price target of $58.00
BofA Securities upgraded BlackLine from Underperform to Buy and set a new price target of $75.00 from $50.00 previously
Citigroup upgraded BlackLine from Neutral to Buy and set a new price target of $73.00
Piper Sandler downgraded BlackLine from Neutral to Underweight and set a new price target of $60.00
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
LOS ANGELES, March 10, 2025 (GLOBE NEWSWIRE) -- BlackLine, Inc. (NASDAQ:BL) ("BlackLine" or the "Company") today announced that it has entered into a cooperation agreement (the "agreement") with Scalar Gauge Fund ("Scalar Gauge") to appoint a highly qualified and independent member to the Company's Board of Directors (the "Board"). In accordance with the agreement with Scalar Gauge, the Company will appoint Scott Davidson, no later than March 14, 2025. He will be a Class I Director with a term expiring at the Company's 2026 Annual Meeting. Davidson has over 25 years of strategy, financial management, acquisitions, and sales & marketing experience at software companies. As the former Chie
Stuart Van Houten, Will Join BlackLine Effective February 17, 2025, and Succeed Mark Woodhams as Head of Global Sales Team BlackLine Expects Fourth Quarter and Full Year 2024 Revenue to Meet or Slightly Exceed High End of Guidance Range; Reaffirms Non-GAAP Operating Margin Guidance LOS ANGELES, Jan. 13, 2025 (GLOBE NEWSWIRE) -- BlackLine, Inc. (NASDAQ:BL) ("BlackLine" or the "Company"), the future-ready platform for the Office of the CFO, today announced that Stuart Van Houten, a seasoned technology and enterprise SaaS veteran, will assume the newly created role of Chief Commercial Officer on February 17, 2025. Mr. Van Houten will be responsible for leading the Company's global sales org
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