Has The Time Arrived To Buy This Mid Cap Stock-BL

Acrobull Canada Advisory Inc.

March 13			2025
Name	Ticker	Sector/Industry		Market Cap	Risk Factor
BlackLine Inc.	BL-NASDAQ	Technology		$3.028 Billion	Medium

Cloud-based solutions are offered by BlackLine, Inc. to automate and optimize finance and accounting processes both domestically and abroad. It provides financial close and consolidation services for users to work together on account reconciliations.

Recent Highlights

BlackLine's already-leading capacity to offer real-time assistance to clients across several locations is strengthened by the addition of a Network Operations Center (NOC) to improve system monitoring and support the company's global infrastructure.

This new office reflects our commitment to innovation and operational excellence, and Bengaluru has been an essential part of BlackLine's global strategy," stated Raghu Dwarakanath, Managing Director, India. Through this expansion, we will be in a better position to serve the finance and accounting teams as they alter their financial processes, improve customer interaction, and propel product innovations.

Fourth Quarter 2024 Highlights

Total GAAP revenues reached $169.5 million, reflecting a 9% increase from the fourth quarter of 2023.

The GAAP operating margin was recorded at 3.7%, a decrease from 8.2% in the previous quarter. The non-GAAP operating margin stood at 18.1%, down from 24.8% in the fourth quarter of 2023.

GAAP net income attributable to BlackLine amounted to $56.4 million, or $0.79 per diluted share, compared to $22.1 million, or $0.32 per diluted share, in the fourth quarter of 2023.

Additionally, non-GAAP net income attributable to BlackLine was $34.6 million, or $0.47 per diluted share, in contrast to $51.5 million, or $0.69 per diluted share, in the fourth quarter of 2023.

Stock Observation- The company has reported good financial results in the fourth quarter and is expected to report better financial results in the next quarter. The RSI level for the stock is at 29 which shows oversold conditions.

Risk Involved- Financial performance of the company may have an impact on the company stock performance.

Considering all the factors and financials of the company Acrobull Canada Advisory Inc. maintains Customer Choose Watch for the stock.

Disclaimer- Though our research is fundamentally and technically based on Acrobull Canada Advisory Inc. only provides general advice on the stocks and it is imperative for the investors to do the risk assessment for themselves before investing as Acrobull Canada Advisory Inc. would not be liable for any loss or profit arising out through the investment made by the investors on our recommendations.

It is also advisable for the investors to consult with Financial Advisor, Broker or to seek any legal assistance as the research conducted by Acrobull Canada Advisory Inc. is factually based and recommendations are given in accordance with that, but it is imperative to understand that Acrobull Canada Advisory Inc. does not guarantee returns.

Acrobull Recommendation Based on Evaluation

Current Market Price	$48.20 USD
Acrobull Recommendation	Watch, Buy at $46.20 USD
Target Price	$52.25 USD
RSI Level	14 Day RSI 29
Total Shares Outstanding	62.81 Million
Shares held by Insiders Risk Factor Stop Loss	7.92% Medium 5%