Blackbaud (NASDAQ:BLKB) EVP Kevin Gregoire Sells 22,000 Shares of Stock

Blackbaud, Inc. (NASDAQ:BLKB) EVP Kevin Gregoire sold 22,000 shares of the firm’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $45.50, for a total value of $1,001,000.00. Following the completion of the transaction, the executive vice president owned 113,194 shares in the company, valued at approximately $5,150,327. This trade represents a 16.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Blackbaud Stock Down 1.1%

Blackbaud stock opened at $45.87 on Friday. The stock has a market cap of $2.08 billion, a PE ratio of 14.33, a price-to-earnings-growth ratio of 1.59 and a beta of 0.97. The company has a debt-to-equity ratio of 16.82, a quick ratio of 0.83 and a current ratio of 0.83. Blackbaud, Inc. has a one year low of $25.58 and a one year high of $70.71. The stock has a fifty day moving average of $31.94 and a 200 day moving average of $38.64.

Blackbaud (NASDAQ:BLKB) last announced its earnings results on Wednesday, July 29th. The technology company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.10. The business had revenue of $290.60 million for the quarter, compared to analysts’ expectations of $292.23 million. Blackbaud had a return on equity of 197.49% and a net margin of 13.12%.The business’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period last year, the firm posted $1.21 earnings per share. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. As a group, sell-side analysts predict that Blackbaud, Inc. will post 3.71 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on BLKB. Stifel Nicolaus dropped their price objective on shares of Blackbaud from $45.00 to $30.00 and set a “hold” rating on the stock in a report on Friday, July 10th. Robert W. Baird set a $54.00 target price on shares of Blackbaud in a report on Thursday, July 30th. Zacks Research downgraded shares of Blackbaud from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Raymond James Financial reiterated an “outperform” rating and set a $55.00 price target on shares of Blackbaud in a research note on Wednesday, July 29th. Finally, Weiss Ratings raised shares of Blackbaud from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Blackbaud currently has an average rating of “Hold” and a consensus target price of $48.50.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in BLKB. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Blackbaud by 1.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,434 shares of the technology company’s stock worth $1,454,000 after acquiring an additional 361 shares during the period. Jones Financial Companies Lllp lifted its holdings in 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 purchasing an additional 5,742 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Blackbaud by 26.2% in the first quarter. Goldman Sachs Group Inc. now owns 229,244 shares of the technology company’s stock worth $14,225,000 after purchasing an additional 47,549 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Blackbaud by 4.3% in 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 worth $6,314,000 after purchasing an additional 4,178 shares during the period. Finally, Jane Street Group LLC increased its stake in shares of Blackbaud by 886.2% in the first quarter. Jane Street Group LLC now owns 159,729 shares of the technology company’s stock worth $9,911,000 after purchasing an additional 143,533 shares in the last quarter. 94.21% of the stock is owned by hedge funds and other institutional investors.

About Blackbaud

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.