Blackbaud (NASDAQ:BLKB) EVP Sells $100,040.00 in Stock

Blackbaud, Inc. (NASDAQ:BLKB) EVP Kevin Gregoire sold 2,000 shares of the business’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $50.02, for a total transaction of $100,040.00. Following the completion of the transaction, the executive vice president owned 135,194 shares of the company’s stock, valued at approximately $6,762,403.88. This represents a 1.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Blackbaud Stock Down 2.3%

BLKB stock opened at $48.16 on Monday. Blackbaud, Inc. has a one year low of $45.71 and a one year high of $74.88. The company has a debt-to-equity ratio of 12.78, a quick ratio of 0.79 and a current ratio of 0.79. The firm’s fifty day moving average is $53.62 and its 200 day moving average is $59.87. The firm has a market cap of $2.21 billion, a PE ratio of 20.24, a P/E/G ratio of 1.66 and a beta of 1.11.

Blackbaud (NASDAQ:BLKB) last issued its quarterly earnings data on Tuesday, February 10th. The technology company reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.04. Blackbaud had a net margin of 10.19% and a return on equity of 175.57%. The business had revenue of $295.26 million during the quarter, compared to the consensus estimate of $292.71 million. During the same quarter in the prior year, the firm posted $1.08 earnings per share. The company’s revenue was down 2.3% compared to the same quarter last year. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. On average, research analysts forecast that Blackbaud, Inc. will post 3.05 EPS for the current year.

Institutional Investors Weigh In On Blackbaud

Institutional investors have recently bought and sold shares of the company. CWM LLC raised its holdings in shares of Blackbaud by 215.9% during the second quarter. CWM LLC now owns 458 shares of the technology company’s stock valued at $29,000 after acquiring an additional 313 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of Blackbaud in the second quarter valued at approximately $33,000. Rothschild Investment LLC boosted its stake in shares of 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. TD Private Client Wealth LLC boosted its stake in shares of Blackbaud by 4,300.0% in the fourth quarter. TD Private Client Wealth LLC now owns 616 shares of the technology company’s stock worth $39,000 after acquiring an additional 602 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in shares of Blackbaud by 380.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 615 shares of the technology company’s stock worth $39,000 after purchasing an additional 487 shares in the last quarter. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on BLKB shares. Stifel Nicolaus set a $50.00 price target on Blackbaud in a report on Tuesday, February 10th. Robert W. Baird set a $60.00 price objective on Blackbaud in a research report on Wednesday, February 11th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Blackbaud in a research note on Wednesday, January 21st. Raymond James Financial set a $60.00 target price on Blackbaud in a research report on Tuesday, February 10th. Finally, Evercore set a $55.00 price target on shares of Blackbaud in a research note on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $56.25.

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.