BlackLine (BL) Exits Reflect Adoption Concerns
Conestoga Capital Advisors, an asset management company, released its second-quarter 2026 investor letter. A copy of the letter can be downloaded here.
| No. | Hedge Fund | Shares | Value | Activity | % Port |
|---|---|---|---|---|---|
| 1. | Fivespan Partners Dylan Haggart And Sarah Coyne | 3,363,943 | $94,425,880 | +12% | 22.25% |
| 2. | 101,000,000 | $93,258,284 | 1.15% | ||
| 3. | 90,500,000 | $83,647,883 | 5.11% | ||
| 4. | 53,456,000 | $49,345,154 | 0.02% | ||
| 5. | Hawk Ridge Management David Brown | 1,197,966 | $33,626,906 | -37% | 1.08% |
| Insider | Price | Amount | Total Value | Remaining Holdings | Date | Form 4 |
|---|---|---|---|---|---|---|
| $48.60 | 10,000 | $486,000.00 | 16,378 | 2025-08-08 | Filing | |
| $46.11 | 7,552 | $348,225.74 | 153,500 | 2024-06-11 | Filing | |
| $47.73 | 2,000 | $95,450.00 | 50,360 | 2024-05-31 | Filing | |
| $49.88 | 3,000 | $149,650.20 | 145,948 | 2024-05-24 | Filing | |
| $76.82 | 300 | $23,046.99 | 10,311 | 2022-02-14 | Filing |
| Insider | Price | Amount | Total Value | Remaining Holdings | Date | Form 4 |
|---|---|---|---|---|---|---|
| $28.48 | 3,000 | $85,425.60 | 16,692 | 2026-06-05 | Filing | |
| $30.93 | 780 | $24,125.40 | 36,363 | 2026-06-01 | Filing | |
| $30.25 | 1,637 | $49,519.25 | 7,755 | 2026-05-21 | Filing | |
| $30.26 | 459 | $13,887.05 | 38,014 | 2026-05-18 | Filing | |
| $55.00 | 910 | $50,050.00 | 41,835 | 2025-10-27 | Filing |
| No. | Name | Shares | Value | % Port |
|---|---|---|---|---|
| 1. | 8,240,055 | $231,298,330 | 0% | |
| 2. | 5,712,300 | $160,344,261 | 30.33% | |
| 3. | 3,801,905 | $106,719,473 | 0% | |
| 4. | 2,403,510 | $67,466,526 | 0.17% | |
| 5. | 2,341,157 | $65,716,277 | 0% |