Wire
BlackLine Buys NetNow
BlackLine (BL) said Monday it has bought customer onboarding and credit risk management platform operator NetNow.Financial terms were not disclosed.Price: $28.21, Change: $+0.07, Percent Change: +0.25%
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4 stories mentioning BLUpdated 11h ago
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Recent broker actions mentioned in FINWIRES coverage. Compiled from wire headlines; not investment advice.
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Insider Trading
Blackline Insider Sold Shares Worth $2,236,990, According to a Recent SEC Filing
Therese Tucker, Director, on August 24, 2026, sold 70,000 shares in Blackline (BL) for $2,236,990. Following the Form 4 filing with the SEC, Tucker has control over a total of 4,507,475 common shares of the company, with 381,557 shares held directly and 4,125,918 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1666134/000166613426000100/xslF345X05/form4.xml
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Wire
BlackLine's AI-Driven Growth Acceleration Likely to Take Time, Morgan Stanley Says
BlackLine's (BL) artificial intelligence-driven growth acceleration will likely take time because accounting customers require high levels of "accuracy, controls and auditability," Morgan Stanley said in a report Tuesday.The investment bank said BlackLine is well positioned to automate finance and accounting processes, but "risk-averse" customers may be slow to expand AI products beyond pilot programs. Early results for "Verity AI" were encouraging, though enterprise customers typically need several quarters to move to broader deployments, according to the report.BlackLine also faces execution risk as annual recurring revenue is growing by about 9%. The stock could face further valuation pressure if growth remains in the single digits, while "durable low- to mid teens growth" could make its valuation more attractive, the report said.Morgan Stanley downgraded BlackLine to equal-weight from overweight and lowered the price target to $33 from $50.Price: $29.49, Change: $-0.71, Percent Change: -2.35%
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Research
Morgan Stanley Downgrades BlackLine to Equalweight From Overweight, Adjusts PT to $33 From $50
BlackLine (BL) has an average rating of hold and mean price target of $41.45, according to analysts polled by FactSet.
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