Blackbaud (NASDAQ:BLKB) CFO Chad Anderson Sells 2,000 Shares

Blackbaud, Inc. (NASDAQ:BLKB) CFO Chad Anderson sold 2,000 shares of Blackbaud stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $47.56, for a total value of $95,120.00. Following the completion of the sale, the chief financial officer directly owned 59,883 shares of the company’s stock, valued at $2,848,035.48. The trade was a 3.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Blackbaud Price Performance

BLKB stock opened at $47.47 on Thursday. The business’s fifty day moving average price is $38.62 and its 200 day moving average price is $37.87. Blackbaud, Inc. has a 12-month low of $25.58 and a 12-month high of $70.71. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 16.82. The company has a market capitalization of $2.15 billion, a PE ratio of 14.83, a P/E/G ratio of 1.64 and a beta of 0.99.

Blackbaud (NASDAQ:BLKB) last announced its earnings results on Wednesday, July 29th. The technology company reported $1.33 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 197.49% and a net margin of 13.12%.Blackbaud’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period last year, the business posted $1.21 EPS. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. On average, sell-side analysts anticipate that Blackbaud, Inc. will post 3.71 EPS for the current year.

Hedge Funds Weigh In On Blackbaud

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Altshuler Shaham Ltd purchased a new stake in shares of Blackbaud during the first quarter worth approximately $29,000. Parallel Advisors LLC raised its holdings in Blackbaud by 528.0% in the first quarter. Parallel Advisors LLC now owns 785 shares of the technology company’s stock valued at $30,000 after acquiring an additional 660 shares in the last quarter. Blue Trust Inc. lifted its stake in Blackbaud by 44.3% in the first quarter. Blue Trust Inc. now owns 867 shares of the technology company’s stock worth $33,000 after acquiring an additional 266 shares during the last quarter. Rothschild Investment LLC lifted its stake in Blackbaud by 589.0% in the fourth quarter. Rothschild Investment LLC now owns 565 shares of the technology company’s stock worth $36,000 after acquiring an additional 483 shares during the last quarter. Finally, Versant Capital Management Inc grew its holdings in Blackbaud by 243.9% during the 2nd quarter. Versant Capital Management Inc now owns 1,286 shares of the technology company’s stock worth $38,000 after acquiring an additional 912 shares in the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Analyst Ratings Changes

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

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.