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Insider Cluster (2 insiders) ·Filed May 22, 2026

BL

BLACKLINE, INC.
NEUTRAL
Impact 2/10
Horizonimmediate Processed5mo ago
Insider cluster: 2 insiders, $63K total
Actionable Insight • Neutral

This cluster is routine — no material insider signal. Ignore the director sale (tiny size) and the tax-withholdings (non-economic vesting events). No trading action warranted. Monitor next 8-K or earnings for any corporate developments that might have prompted the single small director sale.

DirectionNeutral
Confidencehigh
Horizonimmediate
Final — all horizons settled through T+60d
BL ▲ +8.87% at T+60d
NEUTRAL call +8.87% · α vs SPY +6.14% · entry $28.87 → $31.43
Entry = T+0 close
May 22, 2026
via day close
T+1d
-7.03%
call -7.03% · α -7.04%
$26.84
settled 5mo ago
T+5d
+5.58%
call +5.58% · α +4.36%
$30.48
settled 5mo ago
T+20d
-6.13%
call -6.13% · α -4.18%
$27.10
settled 4mo ago
T+60d
+8.87%
call +8.87% · α +6.14%
$31.43
settled 2mo ago

Price Chart

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Executive Summary

A director (Gregory Hughes) sold $50K shares and the CAO (Michelle Stalick) sold $14K at roughly $30.25 in the last week, while seven C-suite executives including the CEO, CFO, CTO, and CAO also had tax-withholding share surrenders on May 20. The open-market sales total only $64K or ~0.004% of the $1.7B market cap, making them trivial. The tax-withholding transactions are non-economic, routine vesting settlements. The cluster is not informative regarding the company's fundamental outlook.

Key Financial Metrics

Direction
selling
Total Value
$63.4K
Insiders
2

Key Facts

  • Director Gregory Hughes sold 1,637 shares for $49,519.25 on 2026-05-21
  • CAO Michelle Stalick sold 459 shares for $13,887.05 on 2026-05-18
  • Seven C-suite executives (CEO, CFO, CTO, Chief Commercial Officer, Chief Legal Officer, Chief Customer Officer, Founder) had tax-withholding share surrenders on 2026-05-20 — zero net cash proceeds
  • Total open-market sales of $63,406 versus $1.7B market cap = 0.004%, well below the 0.1% materiality threshold
  • Prior cluster analysis summary shows mixed but directionless insider activity; no open-market buying at all

Financial Impact

Total open-market sales of ~$63K, negligible relative to $1.7B market cap

Risk Factors

  • No adverse insider signal — this cluster has no predictive value for near-term stock movement

Market Snapshot

Exchange
Nasdaq
Sector
Services-Prepackaged Software
Analyst Consensus
54% bullish (24 analysts)

Investment Themes

Software & IT

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

DocumentAccession Number
CLUSTER Data (Synthetic)cluster-BL-1779484080043
11 reports for BL
Performance horizon
Filters
Rows
Reports for BL — sortable, filterable
TypeNow
Oct 22, 2026
4d ago
Press Release
NEUTRAL ★ 1/10
$34.29awaiting T+20—$34.18 (−0.32%)
Sep 21, 2026
5w ago
Press Release
NEUTRAL ★ 4/10
$28.57 $30.11▲ +5.39%▲ +6.30%$34.18 (+19.64%)
Aug 28, 2026
8w ago
Insider Cluster
NEUTRAL ★ 4/10
$33.22 $26.37▼ −20.62%▼ −20.43%$34.18 (+2.89%)
Aug 8, 2026
11w ago
Institutional Cluster
MIXED ★ 3/10
$29.29 $30.14▲ +2.90%▲ +3.82%$34.18 (+16.70%)
May 22, 2026
22w ago
Insider Cluster
NEUTRAL ★ 2/10
$28.87 $27.10▼ −6.13%▼ −4.18%$34.18 (+18.39%)
May 21, 2026
22w ago
144
NEUTRAL ★ 2/10
$28.94 $25.90▼ −10.50%▼ −10.84%$34.18 (+18.11%)
May 13, 2026
23w ago
144
NEUTRAL ★ 2/10
$25.23 $27.93▲ +10.70%▲ +11.31%$34.18 (+35.47%)
May 12, 2026
23w ago
144
NEUTRAL ★ 2/10
$26.21 $27.63▲ +5.42%▲ +7.14%$34.18 (+30.41%)
Apr 21, 2026
26w ago
Press Release
NEUTRAL ★ 1/10
$31.73 $30.03▼ −5.36%▼ −8.52%$34.18 (+7.72%)
Mar 25, 2026
30w ago
DEFA14A
NEUTRAL ★ 3/10
$37.07 $29.39▼ −20.72%▼ −28.58%$34.18 (−7.80%)
Showing 10 of 11

US Market Status

Market Closed — Opens in 8h 13m

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Report published May 22, 2026