BlackLine Inc Chief Revenue Officer Mark Woodhams Sells 3,208 Shares
On February 21, 2024, Mark Woodhams, the Chief Revenue Officer of BlackLine Inc (NASDAQ:BL), sold 3,208 shares of the company's stock, according to a recent SEC Filing. The transaction was executed at a price of $56.15 per share, resulting in a total sale amount of $180,069.20.
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 platform enables customers to improve the efficiency of their financial operations and compliance by replacing manual, error-prone accounting processes with automated, controlled workflows.
Over the past year, the insider has sold a total of 8,396 shares and has not made any purchases of the company's stock.
The insider transaction history for BlackLine Inc shows a pattern of selling activity, with 19 insider sells and no insider buys over the past year.
Shares of BlackLine Inc were trading at $56.15 on the day of the insider's recent sale, giving the company a market capitalization of $3,475.836 billion.
The stock's price-earnings ratio stands at 91.48, which is above the industry median of 27.12. However, it is below the company's historical median price-earnings ratio.
With the current share price of $56.15 and a GuruFocus Value of $79.09, BlackLine Inc has a price-to-GF-Value ratio of 0.71, indicating that the stock is considered Modestly Undervalued based on its GF Value.
The GF Value is calculated using historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
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.
This article first appeared on GuruFocus.
