On February 29, 2024, Kevin Thompson, Director of BlackLine Inc (NASDAQ:BL), sold 4,500 shares of the company. The transaction was filed with the SEC and can be found through this SEC Filing.
BlackLine Inc is a software company that provides financial automation software solutions designed to automate and control the entire financial close process. The company's key products include financial close management, accounting automation, and intercompany financial management, which are designed to improve the efficiency and reliability of financial operations and reporting.
Over the past year, the insider has sold a total of 4,500 shares and has not made any purchases of the company's stock. This latest sale continues a trend observed over the past year, where there have been no insider buys and 16 insider sells for BlackLine Inc.
On the date of the insider's recent sale, shares of BlackLine Inc were trading at $57.5, giving the company a market capitalization of $3.611 billion. The price-earnings ratio of the company stood at 74.64, which is above the industry median of 28.125. However, it is below the company's historical median price-earnings ratio.
The stock's price-to-GF-Value ratio was 0.77, indicating that BlackLine Inc was considered Modestly Undervalued based on its GF Value. The GF Value is a proprietary intrinsic value estimate from GuruFocus, which factors in historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
The insider trend image above reflects the recent selling activity by insiders at BlackLine Inc.
The GF Value image provides a visual representation of the stock's valuation relative to its intrinsic value estimate.
For more detailed information on insider transactions and the company's financials, interested individuals can visit the BlackLine Inc page on GuruFocus.
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.
