Rep. Lisa C. McClain Purchases Shares of BlackLine (NASDAQ:BL)

Representative Lisa C. McClain (R-Michigan) recently bought shares of BlackLine (NASDAQ:BL). In a filing disclosed on November 21st, the Representative disclosed that they had bought between $1,001 and $15,000 in BlackLine stock on October 30th. The trade occurred in the Representative's "CHARLES SCHWAB 401K > SCHWAB 893" account.

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Representative Lisa C. McClain also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Ciena NYSE: CIEN on 10/31/2025.
• Sold $1,001 - $15,000 in shares of Alibaba Group NYSE: BABA on 10/31/2025.
• Sold $1,001 - $15,000 in shares of Coherent NYSE: COHR on 10/31/2025.
• Sold $1,001 - $15,000 in shares of Clorox NYSE: CLX on 10/31/2025.
• Sold $1,001 - $15,000 in shares of Northern Trust NASDAQ: NTRS on 10/31/2025.
• Sold $1,001 - $15,000 in shares of Honda Motor NYSE: HMC on 10/31/2025.
• Sold $1,001 - $15,000 in shares of Home BancShares NYSE: HOMB on 10/31/2025.
• Sold $1,001 - $15,000 in shares of Five Below NASDAQ: FIVE on 10/31/2025.
• Sold $1,001 - $15,000 in shares of Pure Storage NYSE: PSTG on 10/31/2025.
• Sold $1,001 - $15,000 in shares of BHP Group NYSE: BHP on 10/31/2025.

BlackLine Stock Performance

NASDAQ BL traded up $1.52 during trading hours on Tuesday, hitting $57.76. 750,821 shares of the stock were exchanged, compared to its average volume of 798,655. BlackLine has a 12-month low of $40.82 and a 12-month high of $66.25. The stock has a 50-day moving average of $53.56 and a 200 day moving average of $54.33. The company has a market cap of $3.44 billion, a price-to-earnings ratio of 52.04, a price-to-earnings-growth ratio of 13.05 and a beta of 1.02. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 2.03.

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BlackLine (NASDAQ:BL - Get Free Report) last announced its quarterly earnings data on Thursday, November 6th. The technology company reported $0.51 earnings per share for the quarter, hitting analysts' consensus estimates of $0.51. BlackLine had a return on equity of 14.51% and a net margin of 11.07%.The firm had revenue of $178.29 million for the quarter, compared to analyst estimates of $178.11 million. During the same quarter in the prior year, the company posted $0.60 earnings per share. BlackLine's quarterly revenue was up 7.5% on a year-over-year basis. BlackLine has set its FY 2025 guidance at 2.080-2.130 EPS. Q4 2025 guidance at 0.580-0.610 EPS. As a group, equities research analysts forecast that BlackLine will post 0.9 earnings per share for the current year.

Insider Transactions at BlackLine

In other news, Director Thomas Unterman sold 910 shares of BlackLine stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $55.00, for a total value of $50,050.00. Following the transaction, the director directly owned 41,835 shares in the company, valued at approximately $2,300,925. The trade was a 2.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last quarter, insiders have sold 2,730 shares of company stock valued at $150,150. Company insiders own 8.60% of the company's stock.

Analyst Ratings Changes

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BL has been the subject of several research reports. Weiss Ratings restated a "hold (c-)" rating on shares of BlackLine in a research report on Monday. Baird R W cut BlackLine from a "strong-buy" rating to a "hold" rating in a report on Friday, November 7th. Zacks Research raised shares of BlackLine from a "strong sell" rating to a "hold" rating in a research report on Monday, October 6th. Robert W. Baird restated a "neutral" rating and set a $55.00 price objective (down previously from $64.00) on shares of BlackLine in a research note on Friday, November 7th. Finally, Truist Financial upped their target price on shares of BlackLine from $45.00 to $50.00 and gave the company a "hold" rating in a research note on Thursday, August 7th. Five investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $60.92.

View Our Latest Report on BlackLine

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BL. Hawk Ridge Capital Management LP grew its holdings in shares of BlackLine by 124.3% during the first quarter. Hawk Ridge Capital Management LP now owns 1,959,945 shares of the technology company's stock valued at $94,901,000 after buying an additional 1,086,185 shares in the last quarter. Westwood Holdings Group Inc. increased its holdings in shares of BlackLine by 106.4% during the 1st quarter. Westwood Holdings Group Inc. now owns 1,186,347 shares of the technology company's stock valued at $57,443,000 after acquiring an additional 611,499 shares during the last quarter. American Century Companies Inc. raised its stake in shares of BlackLine by 7.2% in the 1st quarter. American Century Companies Inc. now owns 961,341 shares of the technology company's stock valued at $46,548,000 after acquiring an additional 64,676 shares in the last quarter. Geneva Capital Management LLC boosted its position in BlackLine by 5.6% during the second quarter. Geneva Capital Management LLC now owns 924,325 shares of the technology company's stock worth $52,335,000 after purchasing an additional 49,292 shares during the period. Finally, Tensile Capital Management LP grew its holdings in BlackLine by 17.6% during the first quarter. Tensile Capital Management LP now owns 871,485 shares of the technology company's stock valued at $42,197,000 after purchasing an additional 130,488 shares during the last quarter. Institutional investors own 95.13% of the company's stock.

About Representative McClain

Lisa McClain (Republican Party) is a member of the U.S. House, representing Michigan's 9th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027. McClain (Republican Party) is running for re-election to the U.S. House to represent Michigan's 9th Congressional District. She declared candidacy for the 2026 election. Lisa McClain lives in Romeo, Michigan. McClain earned a bachelor's degree in business administration from Northwood University. Her career experience includes founding and working as the president of North End Support Team.

About BlackLine

BlackLine, Inc operates a cloud-based software platform which is designed to transform accounting and finance operations for organizations of all types and sizes. Its scalable platform supports critical accounting processes such as the financial close, account reconciliations, intercompany accounting, and controls assurance.

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