BlackLine Inc’s recently made public that its Chief Revenue Officer Woodhams Mark unloaded Company’s shares for reported $1.57 million on Dec 12 ’24. In the deal valued at $64.32 per share,24,408 shares were sold. As a result of this transaction, Woodhams Mark now holds 72,920 shares worth roughly $4.73 million.
Then, Woodhams Mark bought 24,408 shares, generating $1,569,985 in total proceeds.
Before that, Morgan-Prager Karole sold 50,181 shares. BlackLine Inc shares valued at $3,035,762 were divested by the CHIEF LEGAL AND ADMINISTRATIVE at a price of $60.50 per share. As a result of the transaction, Morgan-Prager Karole now holds 113,865 shares, worth roughly $7.39 million.
Citigroup upgraded its BlackLine Inc [BL] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in early January from “a Neutral” to “an Underweight”. Morgan Stanley also remained covering BL and has increased its forecast on September 30, 2024 with a “an Overweight” recommendation from previously “an Equal-weight” rating. Piper Sandler revised its rating on April 23, 2024. It rated BL as “a Neutral” which previously was an “an Underweight”.
Price Performance Review of BL
On Tuesday, BlackLine Inc [NASDAQ:BL] saw its stock jump 5.15% to $64.90. Over the last five days, the stock has gained 6.05%. BlackLine Inc shares have risen nearly 6.81% since the year began. Nevertheless, the stocks have risen 7.99% over the past one year. While a 52-week high of $69.31 was reached on 01/28/25, a 52-week low of $43.37 was recorded on 01/13/25. SMA at 50 days reached $61.33, while 200 days put it at $54.64.
Levels Of Support And Resistance For BL Stock
The 24-hour chart illustrates a support level at 62.57, which if violated will result in even more drops to 60.25. On the upside, there is a resistance level at 66.18. A further resistance level may holdings at 67.47. The Relative Strength Index (RSI) on the 14-day chart is 64.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.94, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.37%. Stochastics %K at 86.57% 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 2025-01-15, dropping by 94933.0 shares to a total of 4.62 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 4.71 million shares. There was a decline of -2.06%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on March 18, 2024 when Wolfe Research began covering the stock and recommended ‘”a Peer perform”‘ rating .
