BlackLine Inc (NASDAQ: BL): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility.

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Stocks Info

BL belongs to the Technology sector of the NASDAQ while operating in the Software – Application industry. The current market capitalization of BlackLine Inc is $3.51B. A total of 0.5 million shares were traded on the day, compared to an average of 760.74K shares.

In the most recent transaction, Morgan-Prager Karole sold 3,927 shares of BL for 55.19 per share on Oct 09 ’24. After the transaction, the CHIEF LEGAL AND ADMINISTRATIVE now owns 113,865 company shares. In a previous transaction on Oct 08 ’24, Morgan-Prager Karole sold 300 shares at 55.01 per share. BL shares that CHIEF LEGAL AND ADMINISTRATIVE owns now total 113,865.

Among the insiders who bought shares, Morgan-Prager Karole acquired of 3,927 shares on Oct 09 ’24 at a per-share price of $55.19. In another insider transaction, Morgan-Prager Karole bought 300 shares at $55.01 per share on Oct 08 ’24.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, BL has a high of $69.31 and a low of $43.37.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. BL’s latest balance sheet shows that the firm has $1.20B in Cash & Short Term Investments as of fiscal 2021. There were $1.13B in debt and $322.58M in liabilities at the time. Its Book Value Per Share was $5.24, while its Total Shareholder’s Equity was $353.74M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for BL is Buy with a score of 3.21.

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