BlackLine appoints former Deloitte executive Sam Balaji to board

LOS ANGELES - Financial operations platform provider BlackLine, Inc. (NASDAQ:BL), a $3.37 billion market cap company with robust revenue growth of 8.93% over the last twelve months, appointed Sam Balaji to its Board of Directors effective June 13, the company announced Monday.

Balaji brings over three decades of global leadership experience, most recently serving as CEO of Deloitte Consulting during his 28-year tenure at the firm. At Deloitte, he led strategic investments in cloud computing, artificial intelligence, and cybersecurity while overseeing more than 100 mergers, acquisitions, and investments to accelerate global expansion.

"Sam’s exceptional breadth of experience across enterprise technology, M&A, and executive leadership is a strong addition to BlackLine’s Board," said Owen Ryan, BlackLine’s Co-CEO and Board Chair.

BlackLine Founder and Co-CEO Therese Tucker highlighted Balaji’s strategic thinking abilities, noting he "understands how to navigate complexity and unlock growth."

Balaji expressed enthusiasm about joining the board, citing BlackLine’s "cutting-edge platform, compelling vision, and accelerating AI-driven momentum in digital finance transformation."

BlackLine provides financial operations software used by nearly 4,400 companies worldwide, according to the company’s press release statement.

The appointment comes as BlackLine continues to expand its platform capabilities for chief financial officers and their teams, focusing on accuracy, efficiency, and intelligence across financial processes. For investors seeking deeper insights into BlackLine’s valuation and growth metrics, InvestingPro offers exclusive access to 8+ additional ProTips and comprehensive financial analysis.

In other recent news, BlackLine reported its first-quarter 2025 financial results, exceeding expectations with non-GAAP earnings per share of $0.49, compared to the consensus estimate of $0.38. The company’s revenue for the quarter reached $166.9 million, a 6% year-over-year increase, slightly surpassing the expected $166.7 million. DA Davidson raised BlackLine’s stock target to $56, maintaining a Buy rating, highlighting a 20% increase in customer go-lives and a strong start to its new pricing plan. Meanwhile, JMP Securities reiterated a Market Outperform rating with an $80 price target, noting the company’s impressive operating margins of 20.9%, above the anticipated 17.2%.

Cantor Fitzgerald initiated coverage with a Neutral rating and a $58 price target, citing potential for robust revenue growth and the positive reception of the Studio360 platform. BlackLine has also enhanced its AI capabilities, integrating new features to improve financial workflows and decision-making processes. BMO Capital maintained a Market Perform rating with a $53 price target, expressing patience while evaluating BlackLine’s strategic business changes. These developments reflect BlackLine’s ongoing efforts to drive growth and innovation in the financial automation sector.

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