Blackbaud, Inc. (NASDAQ:BLKB) CFO Sells $87,219.16 in Stock

Blackbaud, Inc. (NASDAQ:BLKB) CFO Anthony W. Boor sold 1,106 shares of the company’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $78.86, for a total value of $87,219.16. Following the sale, the chief financial officer now owns 150,262 shares of the company’s stock, valued at $11,849,661.32. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Blackbaud Stock Down 0.6 %

Shares of NASDAQ BLKB opened at $76.99 on Friday. Blackbaud, Inc. has a 12-month low of $64.32 and a 12-month high of $88.56. The company has a market cap of $3.97 billion, a P/E ratio of 187.79 and a beta of 1.01. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 1.91. The stock has a fifty day moving average price of $77.19 and a 200 day moving average price of $76.72.

Blackbaud (NASDAQ:BLKB) last announced its quarterly earnings results on Tuesday, April 30th. The technology company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.03. The firm had revenue of $279.25 million during the quarter, compared to the consensus estimate of $282.22 million. Blackbaud had a return on equity of 16.66% and a net margin of 1.94%. Research analysts anticipate that Blackbaud, Inc. will post 2.27 EPS for the current fiscal year.

Hedge Funds Weigh In On Blackbaud

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BLKB. YHB Investment Advisors Inc. purchased a new position in Blackbaud in the 1st quarter valued at about $54,000. GAMMA Investing LLC bought a new position in shares of Blackbaud during the fourth quarter worth about $64,000. Parallel Advisors LLC lifted its position in shares of Blackbaud by 303.3% during the fourth quarter. Parallel Advisors LLC now owns 734 shares of the technology company’s stock worth $64,000 after purchasing an additional 552 shares during the last quarter. AXS Investments LLC bought a new position in shares of Blackbaud during the fourth quarter worth about $181,000. Finally, EntryPoint Capital LLC lifted its position in shares of Blackbaud by 447.8% during the first quarter. EntryPoint Capital LLC now owns 2,542 shares of the technology company’s stock worth $188,000 after purchasing an additional 2,078 shares during the last quarter. 94.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com upgraded Blackbaud from a “hold” rating to a “buy” rating in a report on Wednesday, May 8th.

About Blackbaud

Blackbaud, Inc provides cloud software solutions to nonprofits, foundations, education institutions, and healthcare organizations in the United States and internationally. The company offers fundraising and engagement solutions, such as Blackbaud Raiser's Edge NXT, Blackbaud CRM, Blackbaud eTapestry, Blackbaud Luminate Online, Blackbaud TeamRaiser, JustGiving, Blackbaud Fundraiser Performance Management, Blackbaud Guided Fundraising, and Blackbaud Altru; and financial management solutions comprising Blackbaud Financial Edge NXT, Blackbaud Tuition Management, and Blackbaud Financial Aid and Billing Management.