BlackLine, Inc. ($BL) Stock Forecast: Down 5.3% Today

What is BlackLine, Inc.?

BlackLine (BL) offers financial accounting solutions and has been under increased scrutiny by activist investor Engaged Capital, causing notable fluctuations in its stock price.

Why is BlackLine, Inc. going down?

BL stock is down 5.3% on Feb 5, 2026 19:44

• After Engaged Capital demanded access to BlackLine's financial records and expressed concerns about its financial performance and governance, the company's stock faced significant downward pressure.
• Concerns about AI disruption in the market, coupled with reports linking AppLovin to illicit activities, fueled a broader sell-off in software company stocks, including BlackLine.
• Engaged Capital's nomination of three directors to BlackLine's board suggests a potential overhaul in leadership, intensifying uncertainties and stock price pressures.
• Despite a strong gross margin, BlackLine's financial challenges, evident in a low Altman Z-Score and ROIC below WACC, have contributed to the overall negative sentiment surrounding the company.

BL Price Chart

BL Technical Analysis

BL News

Activist Engaged Capital demands BlackLine's books, records

Activist investor Engaged Capital is demanding access to BlackLine's books and records. The firm, which owns a 4.6% stake in BlackLine, has cited concerns about the company's financial performance, executive compensation, and corporate governance practices. Engaged Capital's action signals a potential push for changes at the company.

https://www.msn.com/en-us/money/companies/activist-engaged-capital-demands-blacklines-books-records/ar-AA1R45T3?apiversion=v2&domshim=1&noservercache=1&noservertelemetry=1&batchservertelemetry=1&renderwebcomponents=1&wcseo=1

Paylocity, Qualys, 8x8, BlackLine, and AppLovin Shares Plummet, What You Need To Know

Shares of several software companies, including Paylocity, Qualys, 8x8, BlackLine, and AppLovin, significantly dropped after fears emerged that AI could disrupt their markets. This broad-based sell-off was exacerbated by AI company Anthropic releasing automation tools for the legal profession, suggesting that no software niche is safe from AI productization. Additionally, AppLovin faces volatility, partly due to a short-seller report alleging ties to illicit funds and money laundering.

https://www.tradingview.com/news/stockstory:64e419870094b:0-paylocity-qualys-8x8-blackline-and-applovin-shares-plummet-what-you-need-to-know/

Engaged Capital nominates three directors to BlackLine board

Investment firm Engaged Capital has nominated three director candidates for BlackLine, Inc.'s board ahead of the company's 2026 annual meeting. This announcement follows a 14.78% drop in BlackLine's shares over the past week, making them appear undervalued despite a P/E ratio of 40.13. BlackLine has engaged in seven discussions with Engaged Capital over the last year, and Lead Independent Director David Henshall stated the board's commitment to exploring value creation for stockholders.

https://www.investing.com/news/company-news/engaged-capital-nominates-three-directors-to-blackline-board-93CH-4479658

Federated Hermes Inc. Purchases 93,544 Shares of BlackLine $BL

Federated Hermes Inc. significantly increased its stake in BlackLine (NASDAQ:BL) during the third quarter, purchasing an additional 93,544 shares to bring its total holding to 134,524 shares, valued at approximately $7.14 million. Other institutional investors like Schwartz Investment Counsel and Marshall Wace also raised their positions in the technology company, which now has 95.13% institutional ownership. Analysts currently rate BlackLine as a "Hold" with an average target price of $59.83, following consistent Q3 EPS and positive FY2025 guidance.

https://www.marketbeat.com/instant-alerts/filing-federated-hermes-inc-purchases-93544-shares-of-blackline-bl-2026-02-03/

BlackLine (BL) Faces Board Challenge as Engaged Capital Nominates Directors

Activist investor Engaged Capital has nominated three new board members for BlackLine (BL) following its previous push for the company to consider a sale. BlackLine, a software company providing financial accounting solutions, saw its stock rise by 1.7% after the nominations. Despite some financial stress indicated by an Altman Z-Score of 1.99 and ROIC below WACC, the company maintains a strong gross margin and a healthy Piotroski F-Score.

https://www.gurufocus.com/news/8574576/blackline-bl-faces-board-challenge-as-engaged-capital-nominates-directors

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BlackLine, Inc. Price History

29.00.2026 - BL Stock was down 13.0%

• A recent investment by Hussman Strategic Advisors Inc. in BlackLine might not have been substantial enough to offset the overall negative sentiment in the market.
• The announcement of the upcoming release of BlackLine's Q4 and full-year 2025 financial results could have led to uncertainty and caution among investors, potentially contributing to the bearish movement.
• Information circulating about the earnings release date might have created anticipation and speculation, causing some investors to sell off their positions in advance, leading to the bearish trend.
• Overall, the combination of the new investment, upcoming earnings release, and market speculation could have influenced the bearish movement in BlackLine's stock today.

21.10.2024 - BL Stock was up 7.4%

• The formation of a hammer chart pattern, indicating a potential trend reversal, combined with positive earnings estimate revisions, likely contributed to the bullish movement in BL's stock price.
• The launch of the Studio360 Platform, aimed at driving future-ready financial operations for CFOs, could have sparked investor optimism about the company's growth prospects.
• Being recognized as the Most Innovative FinTech Solution at the 2024 Tech Ascension Awards may have further boosted investor confidence in BlackLine's innovative capabilities and market position.

31.11.2025 - BL Stock was down 2.5%

• Today, there was a bearish movement in BL stock possibly triggered by profit-taking following the company's update on Q4 2025 earnings guidance, surpassing consensus estimates.
• Despite the favorable earnings guidance, varying analyst opinions with some firms sticking to "Buy" ratings and raising their price targets could have contributed to investor uncertainty.
• The market reaction today could be linked to apprehensions about the longevity of BlackLine's growth path, prompting the bearish movement in the stock.

13.00.2026 - BL Stock was down 5.1%

• Engaged Capital's formal request to review BlackLine's books and records based on Delaware law implies potential concerns about mismanagement or breaches of fiduciary duty. This has resulted in investor uncertainty and contributed to the stock's decline.
• The looming activist campaign against BlackLine's board and operations may be unsettling shareholders, prompting a sell-off of the stock.
• Engaged Capital's call for an examination of strategic alternatives suggests a challenging path ahead for BlackLine, intensifying negative sentiment and driving the stock price lower.

14.02.2025 - BL Stock was up 5.0%

• The announcement of the 2024 Partner Award winners showcases BlackLine's commitment to digital finance transformation and excellence.
• Recognition of firms excelling in utilizing BlackLine's platform indicates a strong ecosystem and adoption of their services.
• This positive development likely contributed to increased investor confidence in BlackLine, leading to the bullish movement in the stock price today.

07.07.2025 - BL Stock was down 5.5%

• Despite exceeding earning and revenue estimates, BlackLine witnessed a bearish movement in its stock, suggesting potential discrepancy between investor expectations and the company's performance.
• The negative market reaction could be attributed to factors such as future guidance or undisclosed variables omitted from the earnings report.
• Profit-taking or broader market trends may have influenced the downward movement in BlackLine's stock price, despite the positive earnings outcome.

27.09.2025 - BL Stock was up 11.1%

• The announcement of BlackLine's upcoming third-quarter earnings release and conference call has likely generated excitement and anticipation among investors, leading to increased buying activity and driving the stock price higher.
• Investors may be optimistic about the company's financial performance for the third quarter, expecting positive results based on the scheduled release date.
• The proactive communication from BlackLine regarding the earnings release demonstrates transparency and may have instilled confidence in shareholders, contributing to the bullish movement in the stock.
• As investors prepare for the upcoming earnings report, the market sentiment towards BlackLine appears to be favorable, reflecting in today's strong bullish movement.

03.01.2026 - BL Stock was down 7.9%

• A notable company substantially increased its investment in BlackLine during the third quarter, signaling confidence in the firm. However, this optimism did not lead to a positive trend in the market today.
• The nomination of three directors to BlackLine's board by an entity seeking to influence strategic decisions could have caused uncertainty among investors, resulting in a bearish trajectory for the stock.
• Efforts by an activist investor to secure board seats, including one held by the founder, point towards potential corporate governance concerns or conflicting outlooks on the company's future direction, which have impacted the stock negatively.
• Despite posting consistent performance in Q3 and issuing optimistic guidance, the market response to the board nominations suggests that current investor sentiment is more influenced by corporate governance dynamics rather than financial results.

12.01.2025 - BL Stock was down 15.7%

• BL stock experienced a strong bearish movement likely due to the company's Q4 earnings missing estimates.
• The -6% surprise in earnings and the slight revenue miss of 0.84% may have disappointed investors, leading to a sell-off.
• Investors might be concerned about the company's future growth prospects based on these Q4 results, contributing to the bearish trend in the stock price today.

05.01.2026 - BL Stock was down 5.3%

• After Engaged Capital demanded access to BlackLine's financial records and expressed concerns about its financial performance and governance, the company's stock faced significant downward pressure.
• Concerns about AI disruption in the market, coupled with reports linking AppLovin to illicit activities, fueled a broader sell-off in software company stocks, including BlackLine.
• Engaged Capital's nomination of three directors to BlackLine's board suggests a potential overhaul in leadership, intensifying uncertainties and stock price pressures.
• Despite a strong gross margin, BlackLine's financial challenges, evident in a low Altman Z-Score and ROIC below WACC, have contributed to the overall negative sentiment surrounding the company.

14.00.2026 - BL Stock was down 5.2%

• The bearish movement in BL stock was driven by activist investor Engaged Capital's announcement of nominating director candidates to BlackLine's board, sparking concerns about the company's strategic direction and potential acquisition offers.
• Engaged Capital's critique of BlackLine's underperforming stock, decelerating revenue growth, and rejection of a premium acquisition offer has heightened investor uncertainty regarding the stock.
• Reasons circulating to sell BL stock, including weak billings, customer churn, and stagnant operating margins, may have exacerbated investor doubt and spurred selling activity.
• Overall, the market's response to Engaged Capital's moves and concerns over BlackLine's performance have influenced today's bearish movement in BL stock, prompting investors to closely monitor unfolding developments and their implications for the company's future.

03.01.2026 - BL Stock was down 6.2%

• The nomination of three directors to BlackLine's board ahead of the annual meeting has created uncertainty and potential governance changes within the company.
• The increased stake by Federated Hermes Inc. and other institutional investors could indicate confidence in BlackLine's long-term prospects, but the market may be reacting to the overall boardroom dynamics and potential power shifts.
• The challenge to secure board seats, including one held by the founder, suggests a push for strategic changes that could be unsettling for investors in the short term.
• The stock's recent drop and perceived undervaluation, despite positive guidance, may be contributing to the bearish sentiment as investors assess the implications of these boardroom developments on BlackLine's future performance.