BlackLine Board Member Tom Unterman Announces Retirement
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 22 2025
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Source: Globenewswire
- Board Transition: Tom Unterman, who has served on BlackLine's Board since 2010, plans to retire at the 2026 Annual Meeting of Stockholders, marking a significant shift in the company's governance structure that may influence future decision-making.
- Leadership Impact: Unterman's tenure has provided strategic guidance that helped BlackLine evolve from a startup to a leader in the transformation of the Office of the CFO, underscoring his critical role in the company's growth trajectory.
- Board Size Reduction: The company plans to reduce the Board to 11 members immediately following the 2026 Annual Meeting, a change that could affect the efficiency and diversity of board decisions.
- Future Outlook: Unterman expressed confidence in BlackLine's future and his intention to remain a strong supporter, reflecting a positive outlook on the company's long-term development.
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Analyst Views on BL
Wall Street analysts forecast BL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BL is 59.00 USD with a low forecast of 48.00 USD and a high forecast of 73.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
4 Buy
6 Hold
1 Sell
Moderate Buy
Current: 46.910
Low
48.00
Averages
59.00
High
73.00
Current: 46.910
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.
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