On May 1, 2024, Mark Woodhams, the Chief Revenue Officer of BlackLine Inc (BL, Financial), sold 2,877 shares of the company. The transaction was documented in a recent SEC Filing. Over the past year, the insider has sold a total of 14,481 shares and has not made any purchases.
BlackLine Inc (BL, Financial) specializes in financial automation software solutions that transform Accounting and Finance operations for organizations of all types and sizes. The company's cloud-based solutions are designed to automate and control processes such as financial close, accounting workflows, and intercompany accounting.
On the date of the sale, shares of BlackLine Inc were priced at $58, valuing the company with a market cap of approximately $3.69 billion. The price-earnings ratio stood at 78.54, above the industry median of 27.3.
According to the GF Value, the intrinsic value of BlackLine Inc is estimated at $74.65 per share, suggesting that the stock is Modestly Undervalued with a price-to-GF-Value ratio of 0.78.
The insider transaction history for BlackLine Inc indicates a trend of more insider sales than buys over the past year, with 15 insider sales and no insider buys.
This sale by the insider might interest investors tracking insider behaviors as an indicator of the company's future performance and valuation adjustments.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
