BlackLine, Inc. (BL)

In the past six months, BlackLine's stock price was significantly impacted by reports of a takeover offer from SAP SE. In June, SAP reportedly made a formal offer of $66 per share, valuing BlackLine at nearly $4.5 billion, but BlackLine rejected the offer. This news led to a surge in BlackLine's stock price, with shares rising by 5% to 10%. BlackLine also expanded its stock repurchase program by $200 million. As of October 22, 2025, the share price was $53.95, representing a decline of 5.12% from October 23, 2024.

While specific details are not explicitly provided, the nature of BlackLine's offerings suggests consistent demand with potential peaks. Demand for their SaaS platform is likely driven by ongoing financial reporting cycles, implying consistent usage throughout the year, with potentially increased activity around quarter-end and year-end financial closing periods. The company's revenue is primarily generated through recurring subscription fees, which generally indicates stable demand.

BlackLine, Inc. is an American enterprise software company providing cloud-based solutions to automate and manage financial close processes, consolidation, invoice-to-cash, and intercompany accounting. Operating in the technology sector, it focuses on Financial Planning & Analysis (FP&A) and broader financial management solutions. BlackLine's mission is to streamline and control the financial close process through innovative software, offering a suite of cloud-based products including Account Reconciliations, Transaction Matching, and Compliance tools, primarily running on the Google Cloud Platform.

BlackLine, Inc. is a global provider of cloud-based solutions, headquartered in Woodland Hills, California, with 17 offices worldwide. While the majority of its revenue is earned in the United States, BlackLine has expanded internationally, including establishing a subsidiary in Tokyo, Japan, in a joint venture with Japan Cloud.

BlackLine maintains a strong brand reputation as a leader in the financial close automation market. In February 2022, BlackLine took the No. 1 spot for financial close software on G2's list of the 'Best Accounting & Finance Products of 2022,' ranking first in both mid-market and enterprise segments for "Market Presence" and "Satisfaction". BlackLine serves over 4,400 companies globally, including major corporations like Costco, Netflix, and Coca-Cola. The company has also been recognized for its innovative solutions, including Financial Reporting Analytics, BlackLine Accounting Studio, and a Microsoft Dynamics 365 connector.

BlackLine is primarily owned by institutional shareholders, who hold approximately 57.12% to 105.67% of the company's stock. Insiders own around 9.11% to 74.21%, and retail investors hold approximately 0.00% to 33.77%. Major institutional owners include BlackRock, Inc., Vanguard Group Inc, and Clearlake Capital Group, L.p.. Slta Sumeru GP LLC is the largest individual BlackLine shareholder, owning 23.18 million shares, representing 37.45% of the company.