BlackLine Inc’s recent filing unveils that its Chief Revenue Officer Woodhams Mark unloaded Company’s shares for reported $0.45 million on Feb 21 ’25. In the deal valued at $49.67 per share,9,088 shares were sold. As a result of this transaction, Woodhams Mark now holds 65,414 shares worth roughly $3.14 million.
Then, Woodhams Mark bought 9,088 shares, generating $451,401 in total proceeds.
Before that, Woodhams Mark sold 24,408 shares. BlackLine Inc shares valued at $1,569,892 were divested by the Chief Revenue Officer at a price of $64.32 per share. As a result of the transaction, Woodhams Mark now holds 72,920 shares, worth roughly $3.5 million.
BofA Securities upgraded its BlackLine Inc [BL] rating to a Buy from a an Underperform in a research note published on January 30, 2025; the price target was increased to $75 from $50. A number of analysts have revised their coverage, including Citigroup’s analysts, who increased its forecast for the stock in mid January from “a Neutral” to “a Buy”. Piper Sandler also remained covering BL and has decreased its forecast on January 06, 2025 with a “an Underweight” recommendation from previously “Neutral” rating. Morgan Stanley revised its rating on September 30, 2024. It rated BL as “an Overweight” which previously was an “an Equal-weight”.
Price Performance Review of BL
On Monday, BlackLine Inc [NASDAQ:BL] saw its stock fall -0.56% to $48.03. Over the last five days, the stock has lost -2.20%. BlackLine Inc shares have fallen nearly -20.95% since the year began. Nevertheless, the stocks have fallen -15.28% over the past one year. While a 52-week high of $69.31 was reached on 01/30/25, a 52-week low of $43.37 was recorded on 02/28/25. SMA at 50 days reached $58.49, while 200 days put it at $54.21.
Levels Of Support And Resistance For BL Stock
The 24-hour chart illustrates a support level at 47.58, which if violated will result in even more drops to 47.13. On the upside, there is a resistance level at 48.78. A further resistance level may holdings at 49.53. The Relative Strength Index (RSI) on the 14-day chart is 23.38, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.58, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.03%. Stochastics %K at 1.97% indicates the stock is a buying.
