Athos Capital Ltd Invests $1.11 Million in BlackLine $BL

Athos Capital Ltd bought a new position in shares of BlackLine (NASDAQ:BL) in the 4th quarter, Holdings Channel reports. The fund bought 20,000 shares of the technology company’s stock, valued at approximately $1,106,000. BlackLine makes up 0.4% of Athos Capital Ltd’s holdings, making the stock its 20th biggest position.

Other hedge funds have also made changes to their positions in the company. Measured Wealth Private Client Group LLC acquired a new stake in shares of BlackLine during the third quarter worth about $25,000. MAI Capital Management raised its holdings in BlackLine by 10,000.0% during the third quarter. MAI Capital Management now owns 707 shares of the technology company’s stock worth $38,000 after purchasing an additional 700 shares in the last quarter. Bayforest Capital Ltd purchased a new position in BlackLine during the fourth quarter worth about $40,000. Aster Capital Management DIFC Ltd purchased a new position in BlackLine during the third quarter worth about $38,000. Finally, Bessemer Group Inc. raised its holdings in BlackLine by 22.9% during the third quarter. Bessemer Group Inc. now owns 989 shares of the technology company’s stock worth $53,000 after purchasing an additional 184 shares in the last quarter. Institutional investors and hedge funds own 95.13% of the company’s stock.

BlackLine Trading Up 1.1%

Shares of BlackLine stock opened at $27.93 on Friday. BlackLine has a 12-month low of $24.70 and a 12-month high of $59.57. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 2.18. The stock has a market cap of $1.64 billion, a PE ratio of 64.95 and a beta of 0.66. The company has a 50-day moving average of $30.43 and a two-hundred day moving average of $41.61.

BlackLine (NASDAQ:BL) last issued its earnings results on Tuesday, May 5th. The technology company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.11. BlackLine had a net margin of 3.71% and a return on equity of 18.86%. The company had revenue of $183.16 million during the quarter, compared to analysts’ expectations of $181.00 million. During the same period last year, the company posted $0.49 earnings per share. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. BlackLine has set its FY 2026 guidance at 2.420-2.530 EPS and its Q2 2026 guidance at 0.570-0.590 EPS. On average, research analysts anticipate that BlackLine will post 1.1 EPS for the current fiscal year.

Insider Transactions at BlackLine

In other BlackLine news, Director Gregory Hughes sold 1,637 shares of the stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $30.25, for a total value of $49,519.25. Following the completion of the transaction, the director directly owned 7,755 shares of the company’s stock, valued at approximately $234,588.75. This trade represents a 17.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mika Yamamoto sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $28.48, for a total transaction of $85,440.00. Following the transaction, the director directly owned 16,692 shares of the company’s stock, valued at approximately $475,388.16. This trade represents a 15.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 9.10% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on BL shares. BMO Capital Markets increased their price target on shares of BlackLine from $34.00 to $36.00 and gave the stock a “market perform” rating in a report on Wednesday, May 6th. Bank of America started coverage on shares of BlackLine in a report on Tuesday, May 12th. They set an “underperform” rating and a $26.00 price target for the company. Weiss Ratings reissued a “sell (d+)” rating on shares of BlackLine in a report on Thursday, June 4th. Citizens Jmp reissued a “market outperform” rating and set a $70.00 price target on shares of BlackLine in a report on Tuesday, April 28th. Finally, DA Davidson cut their price target on shares of BlackLine from $45.00 to $35.00 and set a “neutral” rating for the company in a report on Wednesday, May 6th. Five equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, BlackLine currently has a consensus rating of “Hold” and an average price target of $43.67.

About BlackLine

BlackLine, Inc is a leading provider of cloud-based software solutions designed to automate and modernize the finance and accounting function. The company’s flagship offering, the BlackLine Finance Controls and Automation Platform, enables organizations to streamline critical processes such as account reconciliations, journal entry management, intercompany accounting, and transaction matching. By delivering a centralized, real-time view of financial data, BlackLine helps companies improve operational efficiency, enhance compliance and strengthen internal controls.

Key products and services within the BlackLine platform include Account Reconciliation, Task Management, Transaction Matching, Journal Entry, and Intercompany Hub.