In a filing, BlackLine Inc revealed its Director THOMPSON KEVIN B unloaded Company’s shares for reported $0.26 million on Feb 29 ’24. In the deal valued at $57.50 per share,4,500 shares were sold. As a result of this transaction, THOMPSON KEVIN B now holds 11,000 shares worth roughly $0.66 million.
Then, Woodhams Mark sold 3,208 shares, generating $180,129 in total proceeds. Upon selling the shares at $56.15, the CHIEF REVENUE OFFICER now owns 77,901 shares.
Before that, PRAGER MORGAN KAROLE sold 10,007 shares. BlackLine Inc shares valued at $574,888 were divested by the CHIEF LEGAL AND ADMINISTRATIVE at a price of $57.45 per share. As a result of the transaction, PRAGER MORGAN KAROLE now holds 85,841 shares, worth roughly $5.12 million.
Wolfe Research initiated its BlackLine Inc [BL] rating to a Peer perform in a research note published recently. A number of analysts have revised their coverage, including William Blair’s analysts, who decreased its forecast for the stock in mid February from “an Outperform” to “a Mkt perform”. Piper Sandler also remained covering BL and has decreased its forecast on January 02, 2024 with a “an Underweight” recommendation from previously “Neutral” rating. Morgan Stanley started covering the stock on May 22, 2023. It rated BL as “an Equal-weight”.
Price Performance Review of BL
On Tuesday, BlackLine Inc [NASDAQ:BL] saw its stock fall -1.91% to $59.68. Over the last five days, the stock has lost -13.02%. BlackLine Inc shares have fallen nearly -4.42% since the year began. Nevertheless, the stocks have fallen -4.89% over the past one year. While a 52-week high of $69.31 was reached on 03/13/24, a 52-week low of $47.26 was recorded on 02/14/24. SMA at 50 days reached $62.15, while 200 days put it at $57.65. A total of 0.62 million shares were traded, compared to the trading of 0.8 million shares in the previous session.
Levels Of Support And Resistance For BL Stock
The 24-hour chart illustrates a support level at 59.03, which if violated will result in even more drops to 58.38. On the upside, there is a resistance level at 60.80. A further resistance level may holdings at 61.92. The Relative Strength Index (RSI) on the 14-day chart is 41.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.12%. Stochastics %K at 9.19% indicates the stock is a buying.
