In a filing, BlackLine Inc revealed its Former Officer Partin Mark acquired Company’s shares for reported $1.01 million on Mar 27 ’25. In the deal valued at $50.26 per share,20,000 shares were bought.
Then, Partin Mark bought 20,000 shares, generating $1,005,044 in total proceeds.
Before that, Woodhams Mark sold 9,088 shares. BlackLine Inc shares valued at $451,401 were divested by the Chief Revenue Officer at a price of $49.67 per share. As a result of the transaction, Woodhams Mark now holds 65,414 shares, worth roughly $2.77 million.
DA Davidson initiated its BlackLine Inc [BL] rating to a Buy in a research note published on April 01, 2025; the price target was $58. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in late January from “an Underperform” to “a Buy”. Citigroup also remained covering BL and has increased its forecast on January 16, 2025 with a “Buy” recommendation from previously “Neutral” rating. Piper Sandler revised its rating on January 06, 2025. It rated BL as “an Underweight” which previously was an “a Neutral”.
Price Performance Review of BL
On Tuesday, BlackLine Inc [NASDAQ:BL] saw its stock fall -1.31% to $42.27. Over the last five days, the stock has lost -13.96%. BlackLine Inc shares have fallen nearly -30.43% since the year began. Nevertheless, the stocks have fallen -32.04% over the past one year. While a 52-week high of $69.09 was reached on 01/30/25, a 52-week low of $40.82 was recorded on 04/07/25. SMA at 50 days reached $52.23, while 200 days put it at $54.05.
Levels Of Support And Resistance For BL Stock
The 24-hour chart illustrates a support level at 41.32, which if violated will result in even more drops to 40.37. On the upside, there is a resistance level at 43.65. A further resistance level may holdings at 45.03. The Relative Strength Index (RSI) on the 14-day chart is 22.34, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.99, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.14%. Stochastics %K at 15.38% indicates the stock is a buying.
How much short interest is there in BlackLine Inc?
A steep rise in short interest was recorded in BlackLine Inc stocks on 2025-03-14, dropping by -0.28 million shares to a total of 4.63 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 4.91 million shares. There was a decline of -6.06%, which implies that there is a negative sentiment for the stock.
