SCHEDULE: FMR LLC Reports 4.3% Stake in BlackLine Inc.

FMR LLC and Abigail P. Johnson have reported a beneficial ownership of 4.3% in BlackLine Inc.'s common stock as of June 30, 2025.

Summary

• FMR LLC and Abigail P. Johnson collectively beneficially own 2,688,552.76 shares of BlackLine Inc. common stock.
• This ownership represents 4.3% of the total outstanding common stock of BlackLine Inc.
• FMR LLC holds sole voting power over 2,686,838.48 shares and sole dispositive power over 2,688,552.76 shares.
• Abigail P. Johnson holds sole dispositive power over 2,688,552.76 shares, with no sole or shared voting power directly attributed.
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of BlackLine Inc.
• This filing is an Amendment No. 3 to a Schedule 13G, indicating an update to a previously reported beneficial ownership position.
• FMR LLC is identified as a parent holding company or control person, with several subsidiaries listed as entities that beneficially own shares, including FIAM LLC, Fidelity Diversifying Solutions LLC, Fidelity Institutional Asset Management Trust Company, Fidelity Management & Research Company LLC, and Strategic Advisers LLC.

Sentiment

Score: 5

Explanation: The filing is a routine beneficial ownership disclosure (Schedule 13G Amendment No. 3) by a major institutional investor. It does not contain new financial performance data, strategic updates, or significant changes in ownership intent that would typically alter market sentiment. The continued holding of a passive stake is neutral in terms of immediate positive or negative implications for the company's outlook.

Positives

• A significant beneficial ownership stake by a major institutional investor like FMR LLC and its affiliates indicates continued interest and confidence in BlackLine Inc.

Risks

• The beneficial ownership percentage could decrease below 5% in future filings, potentially signaling a reduction in the investor's stake.

Future Outlook

This filing is a beneficial ownership report and does not contain forward-looking statements or guidance regarding BlackLine Inc.'s financial performance or strategic outlook.

Management Comments

• The securities referred to were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities.

Industry Context

FMR LLC, the parent company of Fidelity Investments, is one of the largest asset managers globally. Its filing of a Schedule 13G indicates a passive investment stake in BlackLine Inc., a common practice for large institutional investors holding less than 5% of a company's voting securities without intent to influence control. This is a routine disclosure within the financial services and investment management industry.

Comparison to Industry Standards

• This Schedule 13G filing is a standard regulatory disclosure for beneficial ownership below 5% and aligns with typical reporting requirements for institutional investors like FMR LLC.
• The reported 4.3% stake is a significant, but passive, position, consistent with how large asset managers often hold stakes across a broad portfolio of publicly traded companies.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional ownership, confirming a major investor's continued stake in the company.

Next Steps

• FMR LLC and Abigail P. Johnson will continue to file amendments to Schedule 13G if their beneficial ownership percentage changes significantly (e.g., crosses a 1% threshold) or if their intent regarding the investment changes.

Key Dates

Recommendation

The filing is a routine Schedule 13G amendment disclosing a passive beneficial ownership stake by FMR LLC and Abigail P. Johnson. It does not contain new financial performance data, strategic shifts, or other information that would fundamentally alter the investment thesis for BlackLine Inc. The continued holding of a significant stake by a major institutional investor like FMR LLC suggests ongoing confidence, but without additional catalysts or new information, a 'hold' recommendation is appropriate.

Keywords

BlackLine Inc, FMR LLC, Abigail P. Johnson, beneficial ownership, common stock, Schedule 13G, institutional investment, financial software