BlackLine Inc’s filing revealed 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 $3.22 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 $3.59 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 -1.42% to $49.18. Over the last five days, the stock has gained 1.51%. BlackLine Inc shares have fallen nearly -19.06% since the year began. Nevertheless, the stocks have fallen -27.71% over the past one year. While a 52-week high of $69.09 was reached on 01/30/25, a 52-week low of $43.37 was recorded on 03/12/25. SMA at 50 days reached $55.74, while 200 days put it at $53.90.
Levels Of Support And Resistance For BL Stock
The 24-hour chart illustrates a support level at 48.47, which if violated will result in even more drops to 47.75. On the upside, there is a resistance level at 50.20. A further resistance level may holdings at 51.22. The Relative Strength Index (RSI) on the 14-day chart is 39.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.38, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 36.55%. Stochastics %K at 55.94% indicates the stock is a holding.
How much short interest is there in BlackLine Inc?
A steep rise in short interest was recorded in BlackLine Inc stocks on 2025-02-28, dropping by -0.16 million shares to a total of 4.58 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 4.74 million shares. There was a decline of -3.59%, which implies that there is a negative sentiment for the stock.
