BlackLine is a holding company. Through its wholly-owned subsidiary, BlackLine Systems, Inc., Co. provides an integrated suites of applications that deliver a range of capabilities to support accounting processes such as the financial close, accounts receivable, and intercompany accounting processes. Co.'s cloud-based products include: Financial Close Management, which includes Account Reconciliations, Transaction Matching, Financial Close Management, Journal Entry, Variance Analysis, Consolidation Integrity Manager, and Compliance; Accounts Receivable Automation, which includes Cash Application; Intercompany Accounting; and Services, which includes training. We show 31 historical shares outstanding datapoints in our BL shares outstanding history coverage, used to compute BL market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing BL market cap history over the course of time is important for investors
interested in comparing BL's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of BL versus a peer is one thing; comparing
BL market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like BL can fluctuate over the course of history.
With this page we aim to empower investors researching BL by allowing them to research the BL market cap history. |
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Video: The Importance of Market Cap
