Blackbaud (NASDAQ:BLKB) EVP Sells $100,040.00 in Stock

Blackbaud, Inc. (NASDAQ:BLKB) EVP Kevin Gregoire sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $50.02, for a total transaction of $100,040.00. Following the sale, the executive vice president directly owned 135,194 shares of the company’s stock, valued at approximately $6,762,403.88. This trade represents a 1.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Blackbaud Stock Down 2.3%

NASDAQ:BLKB traded down $1.14 on Friday, hitting $48.16. The stock had a trading volume of 515,494 shares, compared to its average volume of 493,611. The business’s fifty day moving average is $53.94 and its 200 day moving average is $60.05. The company has a market cap of $2.21 billion, a PE ratio of 20.24, a P/E/G ratio of 1.71 and a beta of 1.11. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 12.78. Blackbaud, Inc. has a 52 week low of $45.71 and a 52 week high of $74.88.

Blackbaud (NASDAQ:BLKB) last released its quarterly earnings data on Tuesday, February 10th. The technology company reported $1.19 EPS for the quarter, beating the consensus estimate of $1.15 by $0.04. Blackbaud had a return on equity of 175.57% and a net margin of 10.19%.The firm had revenue of $295.26 million during the quarter, compared to the consensus estimate of $292.71 million. During the same quarter in the previous year, the company posted $1.08 earnings per share. The company’s quarterly revenue was down 2.3% on a year-over-year basis. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. On average, equities research analysts expect that Blackbaud, Inc. will post 3.05 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CWM LLC lifted its position in shares of Blackbaud by 215.9% during the 2nd quarter. CWM LLC now owns 458 shares of the technology company’s stock valued at $29,000 after buying an additional 313 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in Blackbaud in the 2nd quarter valued at about $33,000. Rothschild Investment LLC lifted its holdings in Blackbaud by 589.0% during the fourth quarter. Rothschild Investment LLC now owns 565 shares of the technology company’s stock valued at $36,000 after purchasing an additional 483 shares during the last quarter. TD Private Client Wealth LLC boosted its position in Blackbaud by 4,300.0% during the fourth quarter. TD Private Client Wealth LLC now owns 616 shares of the technology company’s stock worth $39,000 after purchasing an additional 602 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Blackbaud by 380.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 615 shares of the technology company’s stock worth $39,000 after purchasing an additional 487 shares in the last quarter. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on BLKB. Zacks Research raised Blackbaud from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 13th. Stifel Nicolaus set a $50.00 price objective on shares of Blackbaud in a report on Tuesday, February 10th. Raymond James Financial set a $60.00 target price on shares of Blackbaud in a research note on Tuesday, February 10th. Evercore set a $55.00 price target on shares of Blackbaud in a research report on Wednesday, February 11th. Finally, Wall Street Zen upgraded shares of Blackbaud from a “hold” rating to a “buy” rating in a report on Sunday, November 9th. One analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $56.25.

Blackbaud Company Profile

Blackbaud, Inc is a leading provider of cloud software, services and data intelligence solutions designed specifically for the social good community. The company’s main offerings include fundraising and relationship management platforms, financial management systems, grant and award management tools, and advanced analytics. Its flagship products—such as Raiser’s Edge NXT, Blackbaud Financial Edge NXT and Blackbaud NetCommunity—help nonprofit organizations, educational institutions, healthcare providers and foundations streamline donor engagement, optimize financial operations and measure program impact.

Founded in 1981 and headquartered in Charleston, South Carolina, Blackbaud has grown from a small technology startup into a global specialist in nonprofit software.