Virgin Galactic Appoints New Chief Growth Officer
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 23 2026
0mins
Should l Buy BL?
Source: Newsfilter
- New Chief Growth Officer: Virgin Galactic has appointed Megan Prichard as its new Chief Growth Officer, effective April 6, tasked with driving revenue growth and market expansion in commercial spaceflight and research missions.
- Strategic Development Focus: Prichard will lead the company's integrated growth and revenue strategy, focusing on expanding existing business for research missions and spaceflights, while accelerating the creation of new spaceports and enhancing brand partnerships.
- Rich Industry Experience: Prichard previously served as Head of US Mobility Portfolio at Uber, where she successfully drove growth in the US ride-hailing market and played a key role in E-VTOL and micromobility initiatives, showcasing her ability to achieve commercial success in breakthrough technology sectors.
- Future Outlook: The CEO of Virgin Galactic stated that Prichard's leadership will accelerate growth and profitability, particularly as the company prepares for the launch of commercial operations in Q4 2026, marking a significant advancement in human spaceflight.
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Analyst Views on BL
Wall Street analysts forecast BL stock price to rise
11 Analyst Rating
4 Buy
6 Hold
1 Sell
Moderate Buy
Current: 36.490
Low
48.00
Averages
59.00
High
73.00
Current: 36.490
Low
48.00
Averages
59.00
High
73.00
About BL
BlackLine, Inc. provides a unified, scalable, and flexible platform tailored to the needs of the Office of the Chief Financial Officer (CFO) and delivers purpose-built applications. The Company's comprehensive platform addresses mission-critical processes, including record-to-report and invoice-to-cash, enabling unified data, streamlined and optimized processes, and real-time insight through visibility, automation, and artificial intelligence (AI). Its cloud-based applications, powered by its BlackLine Studio360 Platform, include account reconciliations, transaction matching, task management, financial reporting analytics, journal entry, variance analysis, compliance, credit & risk management, collections management, electronic invoicing & payments, intercompany create, intercompany balance & resolve, and intercompany net & settle. Its BlackLine Studio360 Platform includes Studio360 Integrate, Studio360 Orchestrate, Studio360 Visualize, Studio360 Blueprint and Studio360 Control.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Virgin Galactic Appoints New Chief Growth Officer
- New Chief Growth Officer: Virgin Galactic has appointed Megan Prichard as its new Chief Growth Officer, effective April 6, tasked with driving revenue growth and market expansion in commercial spaceflight and research missions.
- Strategic Development Focus: Prichard will lead the company's integrated growth and revenue strategy, focusing on expanding existing business for research missions and spaceflights, while accelerating the creation of new spaceports and enhancing brand partnerships.
- Rich Industry Experience: Prichard previously served as Head of US Mobility Portfolio at Uber, where she successfully drove growth in the US ride-hailing market and played a key role in E-VTOL and micromobility initiatives, showcasing her ability to achieve commercial success in breakthrough technology sectors.
- Future Outlook: The CEO of Virgin Galactic stated that Prichard's leadership will accelerate growth and profitability, particularly as the company prepares for the launch of commercial operations in Q4 2026, marking a significant advancement in human spaceflight.
See More
BlackLine Increases Stock Buyback Program to $500 Million
- Buyback Program Expansion: BlackLine's board has authorized an additional $100 million to its existing stock repurchase program, raising the total to $500 million, which reflects the company's confidence in its stock value and aims to attract investor interest back to its shares.
- Positive Market Reaction: Following the announcement of the buyback program, BlackLine's stock surged over 7% during the trading session, indicating optimistic market expectations for the company's future performance and investor approval of the buyback strategy.
- Utilization of Funds: To date, BlackLine has repurchased just over $270 million worth of its common stock, demonstrating the company's commitment to the buyback program, which aims to enhance earnings per share by reducing the number of shares outstanding.
- Industry Context Impact: Despite facing concerns over AI disruption that have led to declines in software stocks, BlackLine's decision to increase buybacks seeks to stabilize its stock price and rebuild investor confidence, showcasing its strategic flexibility in an uncertain market environment.
See More
BlackLine Boosts Stock Buyback Program to $500 Million
- Buyback Program Expansion: BlackLine's board has authorized an increase of $100 million to its stock buyback program, raising the total to $500 million, which reflects the company's confidence in its stock value and is expected to attract more investor interest.
- Positive Market Reaction: Following the announcement, BlackLine's stock surged by 7.34% to $38.19, indicating a favorable market response to the buyback plan, which may enhance investor confidence.
- Buyback Execution Status: To date, BlackLine has repurchased over $270 million worth of common stock, demonstrating the company's commitment and capability in executing its buyback strategy, which could help improve earnings per share.
- Industry Context Analysis: Amid market volatility driven by artificial intelligence, BlackLine's buyback strategy is viewed as an effective means to stabilize its stock price, and while overall profitability is erratic, this move may attract long-term investor interest.
See More
BlackLine Reaches Cooperation Agreement with Engaged Capital
- Board Appointments: BlackLine announced a cooperation agreement with activist investor Engaged Capital, appointing Storm Duncan and Megan Prichard as independent directors, aimed at enhancing corporate governance and increasing board diversity.
- Strategic Committee Restructuring: Duncan will join the company's strategic committee alongside current director Scott Davidson to evaluate potential strategic transactions, indicating the company's commitment to optimizing its business direction and growth opportunities.
- Governance Discussion Outcomes: This agreement follows discussions with Engaged Capital regarding governance and board composition, reflecting the company's responsiveness to shareholder input, which may help bolster investor confidence.
- Future Growth Expectations: BlackLine targets a revenue growth of 9% to 9.6% for 2026, aligning with its strategic goal of accelerating platform adoption, showcasing the company's positive development trajectory in the market.
See More
BlackLine Reports Record Bookings and 23% RPO Growth Amid Shift to Larger Deals
- Record Bookings: BlackLine achieved record bookings in the past year, driving a 23% increase in remaining performance obligations (RPO), primarily due to a shift towards larger enterprise customers and longer-term contracts, which are expected to convert into revenue over the next several years.
- Strategic Refocus: After overextending into the lower middle market, the company is refocusing on enterprise clients by improving customer self-service capabilities and promoting three-year renewals, thereby reducing churn and accelerating business expansion.
- Deepened SAP Partnership: BlackLine's relationship with SAP, which accounted for 26% of its recent revenue, has strengthened with the approval of Studio 360 for sale on SAP's platform, enhancing go-to-market and upsell opportunities within existing accounts.
- Advancement of AI Strategy: Leveraging 25 years of proprietary data and domain expertise, BlackLine is implementing AI capabilities to enhance precision in the financial close process, with product roadmaps influenced by customer feedback and input from audit firms, ensuring competitive advantage during technology transitions.
See More
BlackLine Announces BeyondTheBlack London Event for 2026
- Event Overview: BlackLine will host the BeyondTheBlack event on April 14, 2026, at the London Hilton, aimed at bringing together finance and accounting leaders to explore how modern techniques can enhance the efficiency and accuracy of core financial processes.
- Executive Speakers: The event will feature opening remarks from BlackLine CEO Owen Ryan and EMEA General Manager Philippe Omer-Decugis, followed by a keynote from CTO Jeremy Ung, who will discuss the latest insights on AI and automation in the CFO office, showcasing the company's innovations in finance.
- Interactive Sessions: Attendees will engage in solution showcases and workshops covering topics such as record-to-report, invoice-to-cash, intercompany accounting, financial close, and UK Corporate Reform, facilitating in-depth discussions with BlackLine specialists and partners.
- Milestone Celebration: This event serves not only as a learning and collaboration opportunity but also marks BlackLine's 25th anniversary, highlighting the company's ongoing efforts and achievements in driving digital finance transformation.
See More
Virgin Galactic Appoints New Chief Growth Officer
- New Chief Growth Officer: Virgin Galactic has appointed Megan Prichard as its new Chief Growth Officer, effective April 6, tasked with driving revenue growth and market expansion in commercial spaceflight and research missions.
- Strategic Development Focus: Prichard will lead the company's integrated growth and revenue strategy, focusing on expanding existing business for research missions and spaceflights, while accelerating the creation of new spaceports and enhancing brand partnerships.
- Rich Industry Experience: Prichard previously served as Head of US Mobility Portfolio at Uber, where she successfully drove growth in the US ride-hailing market and played a key role in E-VTOL and micromobility initiatives, showcasing her ability to achieve commercial success in breakthrough technology sectors.
- Future Outlook: The CEO of Virgin Galactic stated that Prichard's leadership will accelerate growth and profitability, particularly as the company prepares for the launch of commercial operations in Q4 2026, marking a significant advancement in human spaceflight.
See More
BlackLine Increases Stock Buyback Program to $500 Million
- Buyback Program Expansion: BlackLine's board has authorized an additional $100 million to its existing stock repurchase program, raising the total to $500 million, which reflects the company's confidence in its stock value and aims to attract investor interest back to its shares.
- Positive Market Reaction: Following the announcement of the buyback program, BlackLine's stock surged over 7% during the trading session, indicating optimistic market expectations for the company's future performance and investor approval of the buyback strategy.
- Utilization of Funds: To date, BlackLine has repurchased just over $270 million worth of its common stock, demonstrating the company's commitment to the buyback program, which aims to enhance earnings per share by reducing the number of shares outstanding.
- Industry Context Impact: Despite facing concerns over AI disruption that have led to declines in software stocks, BlackLine's decision to increase buybacks seeks to stabilize its stock price and rebuild investor confidence, showcasing its strategic flexibility in an uncertain market environment.
See More
BlackLine Boosts Stock Buyback Program to $500 Million
- Buyback Program Expansion: BlackLine's board has authorized an increase of $100 million to its stock buyback program, raising the total to $500 million, which reflects the company's confidence in its stock value and is expected to attract more investor interest.
- Positive Market Reaction: Following the announcement, BlackLine's stock surged by 7.34% to $38.19, indicating a favorable market response to the buyback plan, which may enhance investor confidence.
- Buyback Execution Status: To date, BlackLine has repurchased over $270 million worth of common stock, demonstrating the company's commitment and capability in executing its buyback strategy, which could help improve earnings per share.
- Industry Context Analysis: Amid market volatility driven by artificial intelligence, BlackLine's buyback strategy is viewed as an effective means to stabilize its stock price, and while overall profitability is erratic, this move may attract long-term investor interest.
See More
BlackLine Reaches Cooperation Agreement with Engaged Capital
- Board Appointments: BlackLine announced a cooperation agreement with activist investor Engaged Capital, appointing Storm Duncan and Megan Prichard as independent directors, aimed at enhancing corporate governance and increasing board diversity.
- Strategic Committee Restructuring: Duncan will join the company's strategic committee alongside current director Scott Davidson to evaluate potential strategic transactions, indicating the company's commitment to optimizing its business direction and growth opportunities.
- Governance Discussion Outcomes: This agreement follows discussions with Engaged Capital regarding governance and board composition, reflecting the company's responsiveness to shareholder input, which may help bolster investor confidence.
- Future Growth Expectations: BlackLine targets a revenue growth of 9% to 9.6% for 2026, aligning with its strategic goal of accelerating platform adoption, showcasing the company's positive development trajectory in the market.
See More
BlackLine Reports Record Bookings and 23% RPO Growth Amid Shift to Larger Deals
- Record Bookings: BlackLine achieved record bookings in the past year, driving a 23% increase in remaining performance obligations (RPO), primarily due to a shift towards larger enterprise customers and longer-term contracts, which are expected to convert into revenue over the next several years.
- Strategic Refocus: After overextending into the lower middle market, the company is refocusing on enterprise clients by improving customer self-service capabilities and promoting three-year renewals, thereby reducing churn and accelerating business expansion.
- Deepened SAP Partnership: BlackLine's relationship with SAP, which accounted for 26% of its recent revenue, has strengthened with the approval of Studio 360 for sale on SAP's platform, enhancing go-to-market and upsell opportunities within existing accounts.
- Advancement of AI Strategy: Leveraging 25 years of proprietary data and domain expertise, BlackLine is implementing AI capabilities to enhance precision in the financial close process, with product roadmaps influenced by customer feedback and input from audit firms, ensuring competitive advantage during technology transitions.
See More
BlackLine Announces BeyondTheBlack London Event for 2026
- Event Overview: BlackLine will host the BeyondTheBlack event on April 14, 2026, at the London Hilton, aimed at bringing together finance and accounting leaders to explore how modern techniques can enhance the efficiency and accuracy of core financial processes.
- Executive Speakers: The event will feature opening remarks from BlackLine CEO Owen Ryan and EMEA General Manager Philippe Omer-Decugis, followed by a keynote from CTO Jeremy Ung, who will discuss the latest insights on AI and automation in the CFO office, showcasing the company's innovations in finance.
- Interactive Sessions: Attendees will engage in solution showcases and workshops covering topics such as record-to-report, invoice-to-cash, intercompany accounting, financial close, and UK Corporate Reform, facilitating in-depth discussions with BlackLine specialists and partners.
- Milestone Celebration: This event serves not only as a learning and collaboration opportunity but also marks BlackLine's 25th anniversary, highlighting the company's ongoing efforts and achievements in driving digital finance transformation.
See More
