BL

BlackLine Inc

TMT, Finance/Real Estate


Presented:01/24/2019
Price:$45.06
Cap:$2.46B
Current Price:$57.62
Cap:$3.58B

Presented

Date01/24/2019
Price$45.06
Market Cap$2.46B
Ent Value$2.94B
P/E RatioN/A
Book Value$5.90
Div Yield0%
Shares O/S54.65M
Ave Daily Vol483,120
Short Int10.02%

Current

Price$57.62
Market Cap$3.58B
BlackLine, Inc. provides financial close automation software solutions to the SAP market. It offers finance controls and automation and unified cloud for finance and accounting. The company was founded by Therese Tucker in May 2001 and is headquartered in Woodland Hills, CA.

Publicly traded companies mentioned herein: Blackline Inc (BL), SAP SE (SAP GR)

Highlights

The presenter is short shares of Blackline (BL), the accounting automation software company, noting a renegotiated contract with SAP that will result in lower revenue guidance going forward. Shares pulled back toward the end of 2018 (-21% since peaking at the end of October) along with other mid-cap growth and software stocks. Still, he views shares as overvalued at its current ~$45 and estimates ~22% upside on the short position.

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Request access to DeMatteo Research for full access

Request Access

Already have an account?

Idea Discussion

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Idea Discussions display submitted commentary from our investor community.

To read and participate in the discussion with the presenter and investor base, request access to DeMatteo

Request Access

Already have an account?

An error occurred loading this content. Try again later or contact us.