An investigation concerns BlackLine’s exposure to SAP, after weaker SolEx channel expansion contributed to a reduced fiscal 2026 revenue outlook. A key SAP qualification for the Company’s AI products is still pending.

NEW YORK, Nov. 6, 2026 /PRNewswire/ — BlackLine, Inc. (NASDAQ: BL) shares dropped, and Piper Sandler cut its price target by $5 to $30, after the Company lowered its fiscal 2026 revenue outlook on November 5, 2026, citing in part weaker expansion through its SAP SolEx channel. If your BL position lost value this week, this investigation concerns you. Investors who suffered losses are encouraged to submit your BL loss details now. You may also contact Joseph E. Levi, Esq. via email at jlevi@SueWallSt.com or by telephone at (888) SueWallSt.

SAP accounted for 26% of BlackLine’s revenue, according to figures cited on the Company’s November 5, 2026 earnings call. Management listed weakness in SolEx expansion among the factors behind the reduced full-year revenue outlook. Management attributed that weakness to customers seeking more clarity on SAP’s AI capabilities and on BlackLine’s Verity agents.

BlackLine also called out continued delays in closing deals, noting that those that “typically closed within a few weeks” at the beginning of the year are “extending further.” Management acknowledged the deal “delays are what have really not helped us … [a]nd that is what’s caused the real challenge from a linearity perspective on our financial results.”

BlackLine shareholders who lost money may request a review of their BL losses today or call (888) SueWallSt.

WHY SUEWALLST: SueWallSt is powered by Levi & Korsinsky LLP. Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured billions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services’ Top 50 Report as one of the top securities litigation firms in the United States.

Frequently Asked Questions About the BL Investigation

Q: Who is eligible to participate in the BL investigation?A: Investors who purchased BL stock or securities and suffered financial losses may be eligible. Eligibility is based on purchase date and documented losses, not on whether you still hold the shares.

Q: How much did BL stock drop?A: Shares fell approximately $5.86 per share, or about 17.4% to open at roughly $27.81 per share on November 6, 2026.

Q: When did BlackLine allegedly mislead investors?A: The investigation concerns statements made before the November 5, 2026 disclosure that allegedly caused investors to purchase securities at inflated prices.

Q: What do BL investors need to do right now?A: Investors may gather brokerage records showing purchase dates, share quantities, and prices paid. Submit your information for a no-cost, no-obligation evaluation of your potential recovery. No immediate action is required to remain eligible to participate in the investigation.

Q: What documents do I need to participate?A: Brokerage statements or trade confirmations showing purchase dates, share quantities, prices paid, and any subsequent sale dates and prices.

Q: What if I already sold my BL shares — can I still recover losses?A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought BL and sold at a loss may still participate in the investigation.

Q: What does it cost me to participate?A: There is no upfront cost to submit your information and review whether you may be eligible to recover. If you choose to participate in any resulting action, these matters are generally handled on a contingency basis, with any attorneys’ fees and expenses subject to court approval.

Q: Do I need to go to court or give testimony?A: No. Participating in the investigation does not require court appearances or depositions. If legal action is later pursued, the overwhelming majority of affected investors never appear in court either.

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

33 Whitehall Street, 27th Floor

New York, NY 10004

jlevi@SueWallSt.com

Tel: (888) SueWallSt

Fax: (212) 363-7171

Attorney Advertising. Prior results do not guarantee similar outcomes.

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SOURCE SueWallSt.com