BlackLine, Inc.
At today's price, BlackLine, Inc. (BL) is priced for today's economics sustained for ~12.0 years. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
BlackLine is shifting from seat-based to platform pricing, lifting average new deal sizes 85 percent to about 162,000 dollars with no reported margin compression, while non-GAAP net margin runs at 22 percent. The SAP relationship is the structural moat, embedding and reselling BlackLine as SAP SolEx and now expanding into the public sector, but the 10-K warns that partners and resellers may expand to compete directly. At about 27 dollars the price pays roughly 81 times operating income, implyi
Is BL overvalued? See what's priced in →
265 institutional managers reported holding BL in 13F filings for the quarter ended 2026-03-31. Together they hold about 90% of the company; the top 10 hold 53%. 46 opened new positions that quarter. Held by BlackRock, Vanguard Group, UBS, among others. On the short side, 6.7M shares were sold short as of the 2026-06-15 count, about 10% of shares outstanding (5.3 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
BL's share count grew 2.1% over the past five years even with $281.53M spent on repurchases. It pays no dividend. Cash returned over the past three years: $281.53M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at BL over the trailing three years: 2024: 3 buys totaling $593k; 2025: 1 buy totaling $486k. 22 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
BL's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-10 | -10.0% | +6.4% |
| 2023-11-04 | +14.8% | +0.9% |
| 2024-02-24 | -3.7% | +7.3% |
| 2024-05-09 | -2.0% | -18.8% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
BL's latest 8-K filings: 2026-05-08 (items 5.07); 2026-05-05 (items 2.02, 9.01); 2026-03-17 (items 8.01); 2026-03-10 (items 1.01, 5.02, 7.01, 9.01); 2026-02-10 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: June 27, 2026
Each week boothcheck ranks the stocks whose prices are betting on the most. Read the most stretched bets archive →
boothcheck is also on Android. Get the app on Google Play →
For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.