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BlackLine Lead Independent Director David Henshall acquired US$486k worth of stock, increasing his holding by 384%, signaling optimism. The insider purchase is the biggest in the last year, with no other insider transactions. Henshall owns 7.9% of the company's shares, aligning with common shareholders' interests.

Title: BlackLine Lead Independent Director Acquires 10,000 Shares, Signaling Optimism

BlackLine Lead Independent Director David Henshall recently acquired 10,000 shares of BlackLine Inc. (BL), investing a total of US$486,000 at a price of $48.6 per share. This transaction, executed on August 8, 2025, represents a significant increase in Henshall's holdings, boosting his ownership by 384%. This insider purchase is notable for being the largest in the past year, with no other insider transactions reported during this period [2].

Henshall's acquisition comes amidst mixed earnings reports for BlackLine. The company reported adjusted earnings of 51 cents per share for the quarter ended June 30, 2025, which aligned with analyst expectations. However, revenue for the quarter rose 7.2% to $172.03 million, exceeding analyst expectations of $170.82 million. Despite the positive revenue growth, BlackLine's share price has fallen by 5.5% this quarter and 11.9% year-to-date, reflecting market sentiment around the earnings report [2].

Analysts remain generally optimistic about BlackLine's prospects. The current average analyst rating on the shares is "buy," with 6 "strong buy" or "buy" ratings, 8 "hold" ratings, and 1 "sell" or "strong sell" rating. The median 12-month price target is $58.00, about 7.8% above its last closing price of $53.50 [2].

The purchase by Henshall, a director of BlackLine, may indicate confidence in the company's future performance. However, it is essential to consider the broader market context and the company's recent earnings performance when evaluating the significance of this transaction. Henshall's acquisition aligns with common shareholders' interests, as he now owns 7.9% of the company's shares [2].

References
1. [https://www.benzinga.com/insights/analyst-ratings/25/08/46895199/a-glimpse-into-the-expert-outlook-on-blackline-through-4-analysts](https://www.benzinga.com/insights/analyst-ratings/25/08/46895199/a-glimpse-into-the-expert-outlook-on-blackline-through-4-analysts)
2. [https://www.ainvest.com/news/blackline-director-henshall-buys-10-000-shares-48-6-share-2508/](https://www.ainvest.com/news/blackline-director-henshall-buys-10-000-shares-48-6-share-2508/)