Blackbaud (NASDAQ:BLKB) CFO Sells $194,278.55 in Stock

Blackbaud, Inc. (NASDAQ:BLKB) CFO Chad Anderson sold 6,205 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $31.31, for a total value of $194,278.55. Following the transaction, the chief financial officer owned 62,869 shares in the company, valued at approximately $1,968,428.39. This trade represents a 8.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Blackbaud Trading Down 0.2%

Shares of Blackbaud stock opened at $28.31 on Friday. The company’s fifty day simple moving average is $34.82 and its 200-day simple moving average is $47.61. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 9.60, a PEG ratio of 1.01 and a beta of 1.02. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 33.66. Blackbaud, Inc. has a 1 year low of $27.54 and a 1 year high of $74.88.

Blackbaud (NASDAQ:BLKB) last announced its quarterly earnings data on Wednesday, April 29th. The technology company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.06. The business had revenue of $281.14 million for the quarter, compared to the consensus estimate of $279.81 million. Blackbaud had a net margin of 12.41% and a return on equity of 176.76%. Blackbaud’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the company posted $0.96 earnings per share. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. As a group, sell-side analysts expect that Blackbaud, Inc. will post 3.57 EPS for the current year.

Wall Street Analysts Forecast Growth

BLKB has been the topic of several research analyst reports. Raymond James Financial set a $60.00 price objective on shares of Blackbaud in a research note on Tuesday, February 10th. Zacks Research downgraded shares of Blackbaud from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Evercore set a $55.00 price target on shares of Blackbaud in a research note on Wednesday, February 11th. Weiss Ratings upgraded shares of Blackbaud from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Finally, Robert W. Baird upgraded shares of Blackbaud from a “neutral” rating to an “outperform” rating and decreased their price target for the stock from $60.00 to $50.00 in a research note on Thursday, April 30th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Blackbaud currently has an average rating of “Hold” and a consensus target price of $52.50.

Institutional Investors Weigh In On Blackbaud

Institutional investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Blackbaud by 1.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,434 shares of the technology company’s stock valued at $1,454,000 after acquiring an additional 361 shares during the period. Jones Financial Companies Lllp lifted its holdings in shares of Blackbaud by 293.1% during the first quarter. Jones Financial Companies Lllp now owns 7,701 shares of the technology company’s stock valued at $478,000 after acquiring an additional 5,742 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Blackbaud by 26.2% during the first quarter. Goldman Sachs Group Inc. now owns 229,244 shares of the technology company’s stock valued at $14,225,000 after acquiring an additional 47,549 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Blackbaud by 4.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 101,751 shares of the technology company’s stock valued at $6,314,000 after acquiring an additional 4,178 shares during the period. Finally, Jane Street Group LLC lifted its holdings in shares of Blackbaud by 886.2% during the first quarter. Jane Street Group LLC now owns 159,729 shares of the technology company’s stock valued at $9,911,000 after acquiring an additional 143,533 shares during the period. Institutional investors and hedge funds own 94.21% of the company’s stock.

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.