Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. BlackLine Inc shares valued at $451,401 were sold by Woodhams Mark on Feb 21 ’25. At $49.67 per share, Woodhams Mark sold 9,088 shares. The insider’s holdings dropped to 65,414 shares worth approximately $3.16 million following the completion of this transaction.
Also, Woodhams Mark purchased 9,088 shares, netting a total of over 451,401 in proceeds.
Before that, Woodhams Mark had sold 24,408 shares from its account. In a trade valued at $1,569,892, the Chief Revenue Officer traded BlackLine Inc shares for $64.32 each. Upon closing the transaction, the insider’s holdings decreased to 24,408 shares, worth approximately $3.52 million.
As published in a research note from BofA Securities on January 30, 2025, BlackLine Inc [BL] has been rated up from an Underperform to a Buy and the price target has been revised to $75 from $50. Analysts at Citigroup upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid January. As of January 06, 2025, Piper Sandler has decreased its “Neutral” rating to a “an Underweight” for BL. Earlier on September 30, 2024, Morgan Stanley upgraded its rating. Their new recommendation was “an Overweight” for BL stock which previously was a “an Equal-weight”.
Analyzing BL Stock Performance
During the last five days, there has been a drop of approximately -2.13%. Over the course of the year, BlackLine Inc shares have dropped approximately -20.56%. Shares of the company reached a 52-week high of $66.25 on 01/30/25 and a 52-week low of $48.18 on 02/25/25. A 50-day SMA is recorded $59.14, while a 200-day SMA reached $54.31.
Support And Resistance Levels for BlackLine Inc (BL)
According to the 24-hour chart, there is a support level at 47.81, which, if violated, would cause prices to drop to 47.36. In the upper region, resistance lies at 49.16. The next price resistance is at 50.06. RSI (Relative Strength Index) is 23.72 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.28, which suggests the price will decrease in the coming days. Percent R is at 99.48%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
