BlackLine Stock Down Nearly 30% as One Fund Cuts Stake by $10 Million

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reduced its position in BlackLine by 189,029 shares in the fourth quarter of 2025. The estimated transaction value was $10.41 million, based on the average closing price over the quarter. At quarter end, the position was valued at $14.02 million, with the net position change including both the sale and share price movement totaling $9.48 million lower.The fund’s sale brought BlackLine’s weighting to 5.76% of reportable 13F AUM as of December 31, 2025.Top holdings after the filing:NYSE: VAC: $42.51 million (17.5% of AUM)NASDAQ: HSIC: $41.35 million (17.0% of AUM)NASDAQ: BKR: $36.61 million (15.1% of AUM)NASDAQ: SCHL: $35.85 million (14.7% of AUM)NASDAQ: LKQ: $33.52 million (13.8% of AUM)As of February 17, 2026, BlackLine shares were priced at $37.34, down 27% over the prior 12 months and significantly underperforming the S&P 500’s roughly 17% gain in the same period.MetricValuePrice (as of market close 2/17/26)$37.34Market Capitalization$2.34 billionRevenue (TTM)$700.43 millionNet Income (TTM)$24.52 millionBlackLine provides cloud-based software solutions for automating and streamlining accounting and finance operations, including financial close management, account reconciliations, transaction matching, and accounts receivable automation.The firm operates a subscription-based model, generating revenue primarily from software-as-a-service (SaaS) offerings delivered to enterprise clients worldwide.It targets multinational corporations, large domestic enterprises, and mid-market companies across a diverse range of industries.BlackLine is a leading provider of cloud-based accounting automation solutions, serving a global client base from its headquarters in California. The company leverages a SaaS business model to deliver mission-critical financial operations tools, enabling clients to improve efficiency and maintain compliance. BlackLine's competitive edge lies in its comprehensive platform, which addresses complex finance and accounting workflows for large organizations.Enterprise software names often rely on durability, and when a SaaS platform posts steady revenue growth, expands margins, and keeps customers spending more year after year, a stock decline might say more about sentiment than fundamentals.BlackLine closed 2025 with total GAAP revenue of $700.4 million, up 7.2% year over year. Non-GAAP operating margin expanded to 22.3% from 19.4% in 2024, and remaining performance obligation climbed 23.5% to $1.1 billion. Dollar-based net revenue retention stood at 105%, a quiet but powerful signal that customers are sticking around and expanding usage. Management now expects 2026 revenue between $764 million and $768 million.Against that backdrop, trimming exposure after a 27% share price decline could reflect portfolio discipline rather than a wholesale change in view. This fund’s largest holdings lean toward industrial and cyclical names, so a mid single-digit SaaS allocation still provides diversification into recurring, subscription revenue.Long-term investors should focus on margin expansion, recurring revenue visibility and the $1.1 billion backlog. If execution continues, valuation compression may eventually look more like an opportunity than a warning sign.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,816.63 -64.99 (-0.94%)Dow 3048,501.27 -403.51 (-0.83%)Nasdaq22,516.69 -232.17 (-1.02%)Russell 20002,608.36 -47.59 (-1.79%)VIX23.57 +2.13 (+9.93%)Gold5,099.50 -212.10 (-3.99%)Trending tickersCRWD CrowdStrike Holdings, Inc. 391.42 +6.56 (+1.70%)MOBX Mobix Labs, Inc. 1.1200 +0.9430 (+532.77%)MU Micron Technology, Inc. 379.68 -32.99 (-7.99%)TGT Target Corporation 120.80 +7.63 (+6.74%)MRNA Moderna, Inc. 49.83 -3.01 (-5.71%)PortfolioSign in to access your portfolioSign inTop gainersKTB Kontoor Brands, Inc. 78.18 +13.36 (+20.61%)INGM Ingram Micro Holding Corporation 24.41 +3.06 (+14.33%)INTA Intapp, Inc. 26.14 +2.70 (+11.52%)TDW Tidewater Inc. 87.67 +7.80 (+9.77%)AVAV AeroVironment, Inc. 228.30 +19.98 (+9.59%)Top losersMDB MongoDB, Inc. 252.73 -72.28 (-22.24%)STNE StoneCo Ltd. 13.73 -3.30 (-19.38%)LIF Life360, Inc. 43.97 -9.82 (-18.26%)SE Sea Limited 87.82 -17.39 (-16.53%)ALG Alamo Group Inc. 184.78 -33.69 (-15.42%)Most activePLUG Plug Power Inc. 2.2300 +0.4200 (+23.20%)NVDA NVIDIA Corporation 180.05 -2.32 (-1.27%)ONDS Ondas Inc. 10.02 -0.65 (-6.09%)AAL American Airlines Group Inc. 12.46 -0.06 (-0.48%)F Ford Motor Company 12.70 -0.69 (-5.15%)Top economic eventsEarnings eventsMy earnings eventsEarnings events