On August 13, 2024, Barbara Whye, Director at BlackLine Inc (BL, Financial), executed a sale of 5,378 shares of the company at a price of $52.01 per share. This transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 6,777 shares of BlackLine Inc.
BlackLine Inc (BL, Financial) specializes in financial automation software solutions that streamline and automate financial close operations. The company's offerings include financial close management, accounting automation, and intercompany governance, serving clients worldwide to enhance their accounting processes and efficiency.
Over the past year, Barbara Whye has sold a total of 5,378 shares and has not made any purchases of the company's stock. The insider transaction history for BlackLine Inc shows a pattern with 3 insider buys and 17 insider sells over the past year.
As of the latest transaction, BlackLine Inc (BL, Financial) shares were trading at $52.01, giving the company a market cap of approximately $3.23 billion. The price-earnings ratio stands at 57.77, which is above the industry median of 25.17.
The stock's valuation according to the GF Value is $65.48, indicating that with a current price of $52.01, BlackLine Inc is considered Modestly Undervalued with a price-to-GF-Value ratio of 0.79.
The GF Value is calculated based on historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company's past performance and estimated future business outcomes.
This sale by the insider may be of interest to current and potential investors, providing insight into insider confidence and stock valuation perceptions at BlackLine Inc.
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.
