BL Stock Summary and Trading Ideas (Blackline | NASDAQ:BL)

BlackLine Inc is engaged in providing financial accounting close solutions delivered as Software as a Service (SaaS). The Company's solutions enable its customers to address various aspects of their critical processes, including financial close & consolidation, intercompany accounting, and invoice-to-cash. The majority of the revenue of the company is earned in the United States.

Blackline trades on the NASDAQ stock market under the symbol BL.

As of March 9, 2026, BL stock price declined to $37.14 with 708,448 million shares trading.

BL has a beta of 0.94, meaning it tends to be less sensitive to market movements. BL has a correlation of 0.17 to the broad based SPY ETF.

BL has a market cap of $2.21 billion. This is considered a Mid Cap stock.

Last quarter Blackline reported $183 million in Revenue and $.63 earnings per share. This beat revenue expectation by $213,792 and exceeded earnings estimates by $.17.

In the last 3 years, BL traded as high as $69.31 and as low as $31.75.

The top ETF exchange traded funds that BL belongs to (by Net Assets): IJR, VTI, VGT, VB, IWM.

BL has underperformed the market in the last year with a return of -24.0%, while the SPY ETF gained +19.7%. In the last 3 month period, BL fell short of the market, returning -36.0%, while SPY returned -0.8%. However, in the most recent 2 weeks BL has outperformed the stock market by returning +2.7%, while SPY returned -1.6%.

BL support price is $36.04 and resistance is $38.70 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BL shares will trade within this expected range on the day.