BL

BlackLine Inc

TMT


Presented:08/21/2019
Price:$50.70
Cap:$2.80B
Current Price:$57.62
Cap:$3.58B

Presented

Date08/21/2019
Price$50.70
Market Cap$2.80B
Ent Value$2.83B
P/E RatioN/A
Book Value$5.92
Div Yield0%
Shares O/S55.32M
Ave Daily Vol620,003
Short Int9.82%

Current

Price$57.62
Market Cap$3.58B
BlackLine, Inc. operates a cloud-based software platform which is designed to transform accounting and finance operations for organizations of all types and sizes. Its scalable platform supports critical accounting processes such as the financial close, account reconciliations, intercompany accounting, and controls assurance. The company was founded by Therese Tucker in May 2001 and is headquartered in Woodland Hills, CA.

Publicly traded companies mentioned herein: BlackLine (BL), Oracle Corporation (ORCL), SAP (SAP), ServiceNow (NOW), Visa (V)

Highlights

The presenter is short shares of Blackline (BL), an accounting software company that provides cloud-based solutions to automate the accounting reconciliation process in closing a financial period. The company currently has $2.8B market cap and is trading at ~$50/share (~8.5x forward EV/Sales). The presenter believes that the street overestimated the company’s revenue growth and the stock could have 25-30% downside if the company misses expectations.

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Idea Discussion

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