BlackLine Inc’s recently made public that its Chief Accounting Officer Stalick Michelle D unloaded Company’s shares for reported $21984.0 on May 12 ’25. In the deal valued at $54.96 per share,400 shares were sold. As a result of this transaction, Stalick Michelle D now holds 27,565 shares worth roughly $1.52 million.
Then, Unterman Thomas bought 2,730 shares, generating $150,150 in total proceeds.
Before that, Partin Mark bought 10,000 shares. BlackLine Inc shares valued at $502,248 were divested by the Former Officer at a price of $50.22 per share.
Piper Sandler upgraded its BlackLine Inc [BL] rating to a Neutral from a an Underweight in a research note published recently. A number of analysts have revised their coverage, including DA Davidson’s analysts, who began to cover the stock in early April with a ‘”a Buy”‘ rating. BofA Securities also remained covering BL and has increased its forecast on January 30, 2025 with a “Buy” recommendation from previously “an Underperform” rating. Citigroup revised its rating on January 16, 2025. It rated BL as “a Buy” which previously was an “a Neutral”.
Price Performance Review of BL
On Tuesday, BlackLine Inc [NASDAQ:BL] saw its stock jump 0.46% to $55.16. Over the last five days, the stock has gained 18.24%. BlackLine Inc shares have fallen nearly -9.22% since the year began. Nevertheless, the stocks have fallen -6.49% over the past one year. While a 52-week high of $66.25 was reached on 01/30/25, a 52-week low of $40.82 was recorded on 04/07/25. SMA at 50 days reached $48.00, 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 54.53, which if violated will result in even more drops to 53.89. On the upside, there is a resistance level at 55.62. A further resistance level may holdings at 56.08. The Relative Strength Index (RSI) on the 14-day chart is 74.61, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.06, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.97%. Stochastics %K at 95.78% indicates the stock is a selling.
