David Benjamin Sells 2,086 Shares of Blackbaud (NASDAQ:BLKB) Stock

Blackbaud, Inc. (NASDAQ:BLKB) EVP David Benjamin sold 2,086 shares of the firm’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $48.27, for a total value of $100,691.22. Following the completion of the transaction, the executive vice president owned 71,038 shares of the company’s stock, valued at approximately $3,429,004.26. This represents a 2.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Blackbaud Price Performance

Shares of Blackbaud stock traded down $0.31 on Wednesday, reaching $47.47. The stock had a trading volume of 390,716 shares, compared to its average volume of 635,891. The business’s 50 day moving average is $38.22 and its two-hundred day moving average is $37.87. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 16.82. Blackbaud, Inc. has a 1 year low of $25.58 and a 1 year high of $70.71. The company has a market cap of $2.15 billion, a P/E ratio of 14.83, a price-to-earnings-growth ratio of 1.65 and a beta of 0.99.

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

Analyst Ratings Changes

A number of equities research analysts recently issued reports on BLKB shares. Weiss Ratings upgraded Blackbaud from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, August 6th. Raymond James Financial restated an “outperform” rating and issued a $55.00 target price on shares of Blackbaud in a research note on Wednesday, July 29th. Stifel Nicolaus lowered their price target on Blackbaud from $45.00 to $30.00 and set a “hold” rating on the stock in a report on Friday, July 10th. Finally, Robert W. Baird set a $54.00 price objective on Blackbaud in a report on Thursday, July 30th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Blackbaud has a consensus rating of “Hold” and a consensus target price of $48.50.

Institutional Trading of Blackbaud

Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. purchased a new position in Blackbaud in the second quarter worth $177,153,000. Northwestern Mutual Wealth Management Co. lifted its stake in Blackbaud by 143,409.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,207,179 shares of the technology company’s stock worth $139,759,000 after purchasing an additional 2,205,641 shares during the last quarter. Jupiter Topco LLC bought a new stake in Blackbaud during the second quarter worth about $47,145,000. Janus Henderson Group PLC boosted its holdings in shares of Blackbaud by 3.9% in the 1st quarter. Janus Henderson Group PLC now owns 1,555,833 shares of the technology company’s stock worth $60,071,000 after purchasing an additional 58,806 shares in the last quarter. Finally, California State Teachers Retirement System boosted its holdings in shares of Blackbaud by 2,325.2% in the 2nd quarter. California State Teachers Retirement System now owns 1,154,143 shares of the technology company’s stock worth $34,186,000 after purchasing an additional 1,106,554 shares in the last quarter. 94.21% of the stock is owned by institutional investors.

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.