Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>BlackLine have reported on their Fourth Quarter 2023 Earnings and the company exceeded revenue and profitability expectations for the period.</li><li>The firm generated $156 million in total revenue and $52 million in non-GAAP net income, ending the year with $603 million in annual recurring revenue or ARR. Much of this performance was driven by their success with partners and consistent sales performance from mid-market teams.</li><li>Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.</li></ul>

BlackLine have reported on their Fourth Quarter 2023 Earnings and the company exceeded revenue and profitability expectations for the period.The firm generated $156 million in total revenue and $52 million in non-GAAP net income, ending the year with $603 million in annual recurring revenue or ARR. Much of this performance was driven by their success with partners and consistent sales performance from mid-market teams.Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.

BlackLine Inc: New AI-Focused Innovations Driving Future Growth? - Major Drivers

External reports (aggregated public sources), Value Investors Club

Value Investors Club

External reports (aggregated public sources)

<ul><li>BlackLine is a company that sells accounting software and Director Mika Yamamoto sold 35% of her holdings in November 2023 at $54/share.</li><li>The sale was below previous highs, raising questions about the company's prospects in the accounting software market.</li><li>BlackLine's niche position in bridging the gap between internal systems and third-party software streamlines manual processes for controllers, and Yamamoto's insider behavior adds an interesting component to the company's outlook.</li></ul><p><em>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.</em></p>

BlackLine is a company that sells accounting software and Director Mika Yamamoto sold 35% of her holdings in November 2023 at $54/share.The sale was below previous highs, raising questions about the company's prospects in the accounting software market.BlackLine's niche position in bridging the gap between internal systems and third-party software streamlines manual processes for controllers, and Yamamoto's insider behavior adds an interesting component to the company's outlook.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Blackline Inc. (BL) - Thursday, Dec 21, 2023

<ul><li>BlackLine managed to exceed the revenue expectations as well as the earnings expectations of Wall Street, achieving $151 million in total revenue and $38 million in non-GAAP net income.</li><li>Go-to-market efforts, especially in the mid-market segment, saw better-than-expected performance, securing new partnerships with companies like Precisely and First Bank Richmond.</li><li>Collaboration with partners, including global consulting firms and managed service providers, is deepening, resulting in notable success in accounts receivable deals.</li></ul>

BlackLine managed to exceed the revenue expectations as well as the earnings expectations of Wall Street, achieving $151 million in total revenue and $38 million in non-GAAP net income.Go-to-market efforts, especially in the mid-market segment, saw better-than-expected performance, securing new partnerships with companies like Precisely and First Bank Richmond.Collaboration with partners, including global consulting firms and managed service providers, is deepening, resulting in notable success in accounts receivable deals.

BlackLine Inc.: Strategy for Dominating the Financial Software Market! - Major Drivers

<ul><li>BlackLine, Inc. surpassed the revenue expectations as well as the earnings expectations of Wall Street.</li><li>BlackLine generated $145 million in total revenue in the quarter and $31 million in non-GAAP net profitability.</li><li>BlackLine also completed its largest middle market transaction ever, driven by the demand for cutting-edge solutions to challenging intracompany workflows.</li></ul>

BlackLine, Inc. surpassed the revenue expectations as well as the earnings expectations of Wall Street.BlackLine generated $145 million in total revenue in the quarter and $31 million in non-GAAP net profitability.BlackLine also completed its largest middle market transaction ever, driven by the demand for cutting-edge solutions to challenging intracompany workflows.

BlackLine Inc.: Launch of AI-Enabled Intercompany Accounting Tool & Other Major Drivers

Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Pan-Asia Index Rebalances/ Events/ Delta One

Periscope Analytics

Periscope Analytics focuses on event-driven trades across Asia Pacific and provides comprehensive, timely and systematic coverage of index changes to major Asia Pacific indices in a structured manner.

The analysis includes forecasted inclusions and exclusions to all major Asian indices that have significant amount of tracking assets, including estimates of passive buy/sell flow on the stocks. The service also provides commentary and impact of market consultations, ground rule changes, and other events (IPOs, spin-offs, M&A) that could lead to index changes and passive flow.

Periscope Analytics works with multi-strategy hedge funds, proprietary trading firms, stat arb trading groups and long-only investors that invest and trade in the Asia Pacific region with the data being used to trade index rebalances, avoid pre-positioning and passive flow, and to time entry into and exit from stocks.

Event-Driven Trades Across Asia Pacific

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/super-micro-computer-inc" target="_blank" data-smartkarma-citation="entities:7921:1" rel="noopener">Super Micro Computer (SMCI US)</a> and <a href="https://www.smartkarma.com/entities/deckers-outdoor-corp" target="_blank" data-smartkarma-citation="entities:3028:1" rel="noopener">Deckers Outdoor (DECK US)</a> replace <a href="https://www.smartkarma.com/entities/whirlpool-corp" target="_blank" data-smartkarma-citation="entities:1538:1" rel="noopener">Whirlpool Corp (WHR US)</a> and <a href="https://www.smartkarma.com/entities/zions-bancorporation" target="_blank" data-smartkarma-citation="entities:9490:1" rel="noopener">Zions Bancorporation (ZION US)</a> in the <a href="https://www.smartkarma.com/entities/s-p-500-index" target="_blank" data-smartkarma-citation="entities:22886:1" rel="noopener">S&amp;P 500 INDEX</a> at the close on 15 March.</li>
<li>There are a bunch of inclusions, deletions and migrations across the <a href="https://www.smartkarma.com/entities/s-p-500-index" target="_blank" data-smartkarma-citation="entities:22886:1" rel="noopener">S&amp;P 500 INDEX (SPX INDEX)</a>, the S&amp;P Midcap 400 Index, and the S&amp;P SmallCap 600 Index.</li>
<li>The largest flows will be in the <a href="https://www.smartkarma.com/entities/s-p-500-index" target="_blank" data-smartkarma-citation="entities:22886:1" rel="noopener">S&amp;P 500 INDEX (SPX INDEX)</a> adds and the largest impact in the adds to the S&amp;P SmallCap 600 Index.</li>
</ul>



Super Micro Computer (SMCI US) and Deckers Outdoor (DECK US) replace Whirlpool Corp (WHR US) and Zions Bancorporation (ZION US) in the S&amp;P 500 INDEX at the close on 15 March.
There are a bunch of inclusions, deletions and migrations across the S&amp;P 500 INDEX (SPX INDEX), the S&amp;P Midcap 400 Index, and the S&amp;P SmallCap 600 Index.
The largest flows will be in the S&amp;P 500 INDEX (SPX INDEX) adds and the largest impact in the adds to the S&amp;P SmallCap 600 Index.


S&P500 Index Rebalance: SPCY Additions & Large Impact

United States

BlackLine, Inc. develops and markets enterprise software. The Company offers cloud-based software that automates and manages complex, manual, and repetitive accounting processes. BlackLine serves customers in the United States.

Blackline Inc (BL US)

BlackLine Inc: New AI-Focused Innovations Driving Future Growth? - Major Drivers

BlackLine have reported on their Fourth Quarter 2023 Earnings and the company exceeded revenue and profitability expectations for the period. The...

Baptista Research

Blackline Inc. (BL) - Thursday, Dec 21, 2023

BlackLine is a company that sells accounting software and Director Mika Yamamoto sold 35% of her holdings in November 2023 at $54/share.

Value Investors Club

BlackLine Inc.: Strategy for Dominating the Financial Software Market! - Major Drivers

BlackLine managed to exceed the revenue expectations as well as the earnings expectations of Wall Street, achieving $151 million in total revenue...

Baptista Research

BlackLine Inc.: Launch of AI-Enabled Intercompany Accounting Tool & Other Major Drivers

BlackLine, Inc. surpassed the revenue expectations as well as the earnings expectations of Wall Street. BlackLine generated $145 million in total...

Baptista Research

S&P500 Index Rebalance: SPCY Additions & Large Impact

There are bunch of adds, deletes and migrations for the SnP 500/400/600 indices in March. The largest inflows are on the SP500 adds but the largest...

Brian Freitas