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Truist Securities has reiterated its hold recommendation for BlackLine (NASDAQ:BL), according to Fintel reports. The average one-year price target for BlackLine is $61.88, representing an 11.08% increase from its latest closing price of $55.71. The projected annual revenue for BlackLine is $630 million, an increase of 12.87%, and the projected annual non-GAAP EPS is $0.56. There are currently 535 funds or institutions reporting positions in BlackLine, which is a decrease of 57 owners or 9.63% in the last quarter. The average portfolio weight of all funds dedicated to BL is 0.26%, a decrease of 21.93%. The put/call ratio of BL is 0.11, indicating a bullish outlook. In terms of other shareholders, Clearlake Capital Group holds 5,712K shares representing 9.37% ownership of the company, with no change in the last quarter. Kayne Anderson Rudnick Investment Management holds 2,159K shares representing 3.54% ownership, reporting a decrease of 0.01% from its prior filing. Riverbridge Partners holds 2,107K shares representing 3.46% ownership, reporting an increase of 2.79% from its prior filing. ICONIQ Capital holds 2,087K shares representing 3.42% ownership, with no change in the last quarter. Brown Advisory holds 1,857K shares representing 3.05% ownership, reporting an increase of 5.12% from its prior filing. BlackLine provides cloud-based solutions and customer service to help companies modernize their accounting processes. Their solutions automate financial close, accounts receivable, and intercompany accounting processes, aiding large enterprises and midsize companies across all industries. Fintel is a comprehensive investing research platform that offers data on fundamentals, analyst reports, ownership data, fund sentiment, insider trading, options sentiment, and much more. Their exclusive stock picks are powered by advanced, backtested quantitative models for improved profits. For more information, you can visit Fintel’s website. Please note that the views and opinions expressed in this article are those of the author and do not necessarily reflect those of Nasdaq, Inc.
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