If you are wondering whether BlackLine at around US$51.82 a share still offers value, the key question is how its current price stacks up against what the underlying business might reasonably be worth.
The stock has been relatively soft recently, with a 0.2% return over the last 7 days, a 10.1% decline over 30 days, and returns of 3.6% decline year to date, 17.6% decline over 1 year, 29.8% decline over 3 years, and 62.2% decline over 5 years.
Recent coverage of BlackLine has focused on its role in financial automation software and how investors are reassessing the value they place on recurring software revenue against a backdrop of mixed sentiment toward growth oriented names. This changing mood around software stocks provides…
