US Bancorp DE Has $847,000 Stock Holdings in BlackLine, Inc. (NASDAQ:BL)

US Bancorp DE cut its position in BlackLine, Inc. (NASDAQ:BL) by 38.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,363 shares of the technology company’s stock after selling 9,704 shares during the period. US Bancorp DE’s holdings in BlackLine were worth $847,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Quarry LP bought a new position in BlackLine in the 2nd quarter valued at about $32,000. EntryPoint Capital LLC bought a new position in BlackLine in the 1st quarter valued at about $36,000. 1620 Investment Advisors Inc. bought a new position in BlackLine in the 2nd quarter valued at about $64,000. Covestor Ltd lifted its position in BlackLine by 29.4% in the 1st quarter. Covestor Ltd now owns 1,495 shares of the technology company’s stock valued at $97,000 after acquiring an additional 340 shares in the last quarter. Finally, Fifth Third Bancorp lifted its position in BlackLine by 13.0% in the 2nd quarter. Fifth Third Bancorp now owns 2,306 shares of the technology company’s stock valued at $112,000 after acquiring an additional 266 shares in the last quarter. 95.13% of the stock is currently owned by institutional investors and hedge funds.

BlackLine Trading Up 1.5 %

NASDAQ:BL opened at $60.37 on Friday. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 2.74. The stock has a market capitalization of $3.75 billion, a PE ratio of 61.60, a price-to-earnings-growth ratio of 14.36 and a beta of 0.90. The firm’s 50 day moving average is $53.91 and its 200 day moving average is $51.65. BlackLine, Inc. has a 12 month low of $43.37 and a 12 month high of $69.31.

Insider Activity at BlackLine

In related news, insider Karole Morgan-Prager sold 10,000 shares of BlackLine stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $55.00, for a total value of $550,000.00. Following the completion of the transaction, the insider now directly owns 113,865 shares in the company, valued at approximately $6,262,575. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Barbara Whye sold 5,378 shares of BlackLine stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $52.01, for a total transaction of $279,709.78. Following the completion of the sale, the director now owns 6,777 shares in the company, valued at approximately $352,471.77. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Karole Morgan-Prager sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $55.00, for a total transaction of $550,000.00. Following the completion of the transaction, the insider now owns 113,865 shares in the company, valued at approximately $6,262,575. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 140,873 shares of company stock worth $7,840,243. Corporate insiders own 9.93% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on BL. BTIG Research dropped their price target on shares of BlackLine from $71.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Truist Financial lifted their target price on shares of BlackLine from $45.00 to $55.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. lifted their target price on shares of BlackLine from $47.00 to $50.00 and gave the stock an “underweight” rating in a research report on Friday, October 25th. Morgan Stanley raised shares of BlackLine from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $60.00 to $70.00 in a research report on Monday, September 30th. Finally, Robert W. Baird dropped their target price on shares of BlackLine from $72.00 to $65.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $62.10.

BlackLine Profile

BlackLine, Inc provides cloud-based solutions to automate and streamline accounting and finance operations worldwide. It offers financial close management solutions, such as account reconciliations that provides a centralized workspace for users to collaborate on account reconciliations; transaction matching that analyzes and reconciles individual transactions; task management to create and manage processes and task lists; and financial reporting analytics that enables analysis and validation of financial data.