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BlackLine announces board transition as longtime director retires

Story Highlights
  • BlackLine board member Tom Unterman will retire and not seek re-election at the May 2026 annual meeting.
  • Unterman’s departure ends a long tenure guiding BlackLine’s growth, as the board plans to shrink from 12 to 11 directors.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
BlackLine announces board transition as longtime director retires

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An update from BlackLine ( (BL) ) is now available.

On December 22, 2025, BlackLine announced that long-serving board member Tom Unterman, who has been on the board since 2010, intends to retire and will not stand for re-election at the company’s next annual meeting of stockholders in May 2026. Company leaders, including CEO and chairman Owen Ryan and founder and director Therese Tucker, credited Unterman with providing strategic oversight, mentorship and guidance that helped BlackLine evolve from a startup into a leader in Office of the CFO transformation, and noted that his departure marks the end of a significant era of board leadership. Unterman, who will continue to serve through the end of his current term, emphasized his confidence in BlackLine’s future, while the board signaled a modest governance shift by planning to reduce its size from 12 to 11 directors immediately after the 2026 director elections.

The most recent analyst rating on (BL) stock is a Hold with a $58.00 price target. To see the full list of analyst forecasts on BlackLine stock, see the BL Stock Forecast page.

Spark’s Take on BL Stock

According to Spark, TipRanks’ AI Analyst, BL is a Outperform.

BlackLine’s overall stock score reflects strong technical indicators and positive corporate events, which are slightly offset by valuation concerns due to a high P/E ratio. Financial performance shows robust revenue growth but is tempered by high leverage risks. The earnings call adds a cautiously optimistic sentiment with noted challenges.

To see Spark’s full report on BL stock, click here.

More about BlackLine

BlackLine (Nasdaq: BL) is a finance and accounting software provider focused on the Office of the CFO, offering a “future-ready” digital finance transformation platform built on its Studio360 technology. The company’s solutions unify financial data, streamline processes and deliver real-time insights through automation and embedded, auditable AI capabilities under its Verity suite, serving more than 4,400 customers across multiple industries with an emphasis on security, innovation and efficiency in financial operations.

Average Trading Volume: 854,820

Technical Sentiment Signal: Buy

Current Market Cap: $3.44B

For an in-depth examination of BL stock, go to TipRanks’ Overview page.

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