Blackbaud (NASDAQ:BLKB) Trading Down 5.8% – Here’s Why

Blackbaud, Inc. (NASDAQ:BLKB)’s share price traded down 5.8% on Tuesday . The company traded as low as $40.88 and last traded at $40.9950. 90,515 shares traded hands during trading, a decline of 81% from the average session volume of 489,180 shares. The stock had previously closed at $43.52.

Analyst Upgrades and Downgrades

BLKB has been the topic of several recent research reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Blackbaud in a research report on Wednesday, January 21st. Raymond James Financial set a $60.00 price objective on Blackbaud in a research note on Tuesday, February 10th. Evercore set a $55.00 price objective on Blackbaud in a research report on Wednesday, February 11th. Stifel Nicolaus set a $50.00 target price on Blackbaud in a research report on Tuesday, February 10th. Finally, Zacks Research raised shares of Blackbaud from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Blackbaud currently has a consensus rating of “Hold” and an average target price of $56.25.

Blackbaud Stock Up 1.7%

The company has a debt-to-equity ratio of 12.78, a current ratio of 0.79 and a quick ratio of 0.79. The company has a market capitalization of $1.84 billion, a PE ratio of 16.88, a P/E/G ratio of 1.41 and a beta of 1.11. The business’s 50 day simple moving average is $48.96 and its 200 day simple moving average is $57.89.

Blackbaud (NASDAQ:BLKB) last released its quarterly earnings results on Tuesday, February 10th. The technology company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.04. The business had revenue of $295.26 million for the quarter, compared to the consensus estimate of $292.71 million. Blackbaud had a net margin of 10.19% and a return on equity of 175.57%. The business’s revenue was down 2.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.08 EPS. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. As a group, analysts anticipate that Blackbaud, Inc. will post 3.05 earnings per share for the current fiscal year.

Insider Transactions at Blackbaud

In other Blackbaud news, EVP David J. Benjamin sold 14,349 shares of the business’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $47.47, for a total value of $681,147.03. Following the completion of the transaction, the executive vice president directly owned 73,124 shares in the company, valued at approximately $3,471,196.28. The trade was a 16.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Kevin P. Gregoire sold 2,000 shares of the stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $50.02, for a total value of $100,040.00. Following the completion of the sale, the executive vice president owned 135,194 shares of the company’s stock, valued at approximately $6,762,403.88. This trade represents a 1.46% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 39,801 shares of company stock valued at $1,893,874 in the last ninety days. Corporate insiders own 1.97% of the company’s stock.

Hedge Funds Weigh In On Blackbaud

A number of hedge funds have recently modified their holdings of BLKB. Amicus Financial Advisors LLC acquired a new stake in Blackbaud during the fourth quarter valued at $1,114,000. Pacer Advisors Inc. grew its stake in shares of Blackbaud by 23.9% in the 4th quarter. Pacer Advisors Inc. now owns 6,133 shares of the technology company’s stock valued at $388,000 after buying an additional 1,183 shares in the last quarter. Invesco Ltd. raised its stake in shares of Blackbaud by 2.4% in the 4th quarter. Invesco Ltd. now owns 106,070 shares of the technology company’s stock valued at $6,716,000 after acquiring an additional 2,465 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in Blackbaud by 26.3% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 6,583 shares of the technology company’s stock valued at $417,000 after purchasing an additional 1,369 shares during the last quarter. Finally, EP Wealth Advisors LLC bought a new position in shares of Blackbaud in the fourth quarter valued at approximately $252,000. 94.21% of the stock is owned by institutional investors and hedge funds.

About Blackbaud

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.