Blackbaud, Inc. (NASDAQ:BLKB) EVP Kevin W. Mooney sold 9,669 shares of the company’s stock in a transaction dated Tuesday, June 12th. The stock was sold at an average price of $105.00, for a total value of $1,015,245.00. Following the transaction, the executive vice president now directly owns 99,226 shares of the company’s stock, valued at $10,418,730. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
BLKB opened at $108.27 on Friday. Blackbaud, Inc. has a 52-week low of $81.64 and a 52-week high of $116.07. The stock has a market cap of $5.25 billion, a P/E ratio of 61.17, a P/E/G ratio of 4.53 and a beta of 0.63. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.71 and a current ratio of 0.71.
Blackbaud (NASDAQ:BLKB) last released its earnings results on Monday, April 30th. The technology company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.07. Blackbaud had a return on equity of 28.66% and a net margin of 8.92%. The business had revenue of $204.18 million for the quarter, compared to analyst estimates of $204.29 million. During the same quarter in the prior year, the company posted $0.50 earnings per share. Blackbaud’s revenue was up 10.3% on a year-over-year basis. equities research analysts predict that Blackbaud, Inc. will post 2.04 EPS for the current year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fisher Asset Management LLC bought a new stake in Blackbaud during the first quarter worth about $201,000. First Republic Investment Management Inc. bought a new stake in Blackbaud during the fourth quarter worth about $204,000. Zeke Capital Advisors LLC bought a new stake in Blackbaud during the fourth quarter worth about $213,000. Two Sigma Advisers LP bought a new stake in Blackbaud during the fourth quarter worth about $217,000. Finally, GWM Advisors LLC bought a new stake in Blackbaud during the first quarter worth about $233,000.
BLKB has been the subject of several recent research reports. BidaskClub raised Blackbaud from a “sell” rating to a “hold” rating in a research report on Saturday, February 24th. Evercore ISI cut Blackbaud from an “in” rating to an “underperform” rating in a research report on Monday, March 12th. DA Davidson set a $110.00 price objective on Blackbaud and gave the stock a “hold” rating in a research report on Thursday, March 15th. Stifel Nicolaus upped their price objective on Blackbaud from $105.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, March 22nd. Finally, ValuEngine raised Blackbaud from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. Blackbaud currently has an average rating of “Hold” and a consensus price target of $103.14.
Blackbaud Company Profile
Blackbaud, Inc provides cloud software solutions to nonprofits, foundations, corporations, education institutions, healthcare organizations, and other charitable giving entities primarily in the United States, Canada, the United Kingdom, and Australia. The company offers Raiser's Edge NXT and Blackbaud CRM (constituent relationship management), which are fundraising and relationship management solutions; Luminate CRM for campaign management, constituent relations, business intelligence, and analytics; eTapestry, a cloud fundraising and donor management solution; everydayhero, a cloud crowdfundraising solution; and JustGiving, a social platform for giving.
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