BlackLine Inc’s recently made public that its Director Whye Barbara unloaded Company’s shares for reported $0.28 million on Aug 13 ’24. In the deal valued at $52.01 per share,5,378 shares were sold. As a result of this transaction, Whye Barbara now holds 6,777 shares worth roughly $0.35 million.
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Then, Whye Barbara bought 5,378 shares, generating $279,710 in total proceeds.
Before that, Morgan-Prager Karole sold 10,000 shares. BlackLine Inc shares valued at $500,000 were divested by the CHIEF LEGAL AND ADMINISTRATIVE at a price of $50.00 per share. As a result of the transaction, Morgan-Prager Karole now holds 115,424 shares, worth roughly $5.95 million.
Piper Sandler upgraded its BlackLine Inc [BL] rating to a Neutral from a an Underweight in a research note published on April 23, 2024; the price target was increased to $62 from $55. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who began to cover the stock in mid March with a ‘”a Peer perform”‘ rating. William Blair also remained covering BL and has decreased its forecast on February 14, 2024 with a “Mkt perform” recommendation from previously “an Outperform” rating. Piper Sandler revised its rating on January 02, 2024. It rated BL as “an Underweight” which previously was an “a Neutral”.
Price Performance Review of BL
On Friday, BlackLine Inc [NASDAQ:BL] saw its stock fall -0.44% to $51.56. Over the last five days, the stock has lost -0.19%. BlackLine Inc shares have fallen nearly -17.42% since the year began. Nevertheless, the stocks have risen 1.26% over the past one year. While a 52-week high of $69.31 was reached on 03/13/24, a 52-week low of $43.37 was recorded on 08/05/24. SMA at 50 days reached $47.59, while 200 days put it at $56.23.
Levels Of Support And Resistance For BL Stock
The 24-hour chart illustrates a support level at 51.21, which if violated will result in even more drops to 50.86. On the upside, there is a resistance level at 51.95. A further resistance level may holdings at 52.33. The Relative Strength Index (RSI) on the 14-day chart is 61.97, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.82, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 13.51%. Stochastics%K at 88.81% indicates the stock is a selling.
How much short interest is there in BlackLine Inc?
A steep rise in short interest was recorded in BlackLine Inc stocks on 2024-07-31, growing by 52225.0 shares to a total of 4.69 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 4.64 million shares. There was a rise of 1.11%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on May 22, 2023 when Morgan Stanley began covering the stock and recommended ‘”an Equal-weight”‘ rating along with a $60 price target.
