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

Blackbaud, Inc. (NASDAQ:BLKB) CFO Chad Anderson sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $47.56, for a total value of $95,120.00. Following the sale, the chief financial officer owned 59,883 shares of the company’s stock, valued at approximately $2,848,035.48. This represents a 3.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Blackbaud Stock Performance

Shares of Blackbaud stock traded down $0.31 on Wednesday, hitting $47.47. The stock had a trading volume of 390,716 shares, compared to its average volume of 635,891. The stock has a market cap of $2.15 billion, a price-to-earnings ratio of 14.83, a price-to-earnings-growth ratio of 1.65 and a beta of 0.99. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 16.82. Blackbaud, Inc. has a twelve month low of $25.58 and a twelve month high of $70.71. The business’s 50 day moving average is $38.22 and its two-hundred day moving average is $37.87.

Blackbaud (NASDAQ:BLKB) last released its quarterly earnings results on Wednesday, July 29th. The technology company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.10. The business had revenue of $290.60 million during the quarter, compared to the consensus estimate of $292.23 million. Blackbaud had a return on equity of 197.49% and a net margin of 13.12%.The firm’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.21 EPS. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. Analysts forecast that Blackbaud, Inc. will post 3.71 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in Blackbaud during the second quarter worth about $177,153,000. Northwestern Mutual Wealth Management Co. raised its position in Blackbaud by 143,409.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,207,179 shares of the technology company’s stock valued at $139,759,000 after purchasing an additional 2,205,641 shares in the last quarter. Jupiter Topco LLC acquired a new stake in shares of Blackbaud in the 2nd quarter valued at $47,145,000. Janus Henderson Group PLC raised its holdings in shares of Blackbaud by 3.9% during the 1st quarter. Janus Henderson Group PLC now owns 1,555,833 shares of the technology company’s stock worth $60,071,000 after buying an additional 58,806 shares in the last quarter. Finally, California State Teachers Retirement System boosted its stake in Blackbaud by 2,325.2% in the second quarter. California State Teachers Retirement System now owns 1,154,143 shares of the technology company’s stock valued at $34,186,000 after buying an additional 1,106,554 shares in the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

Analyst Ratings Changes

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

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.