Blackbaud (NASDAQ:BLKB) Hits New 12-Month Low – Here’s What Happened

Blackbaud, Inc. (NASDAQ:BLKB) hit a new 52-week low during trading on Monday . The stock traded as low as $42.81 and last traded at $43.3920, with a volume of 165943 shares. The stock had previously closed at $44.14.

Analyst Ratings Changes

BLKB has been the topic of a number of research analyst reports. Robert W. Baird set a $60.00 price target on shares of Blackbaud in a research note on Wednesday, February 11th. Zacks Research raised shares of Blackbaud from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 13th. Weiss Ratings restated a “sell (d)” rating on shares of Blackbaud in a research report on Wednesday, January 21st. Raymond James Financial set a $60.00 target price on shares of Blackbaud in a research note on Tuesday, February 10th. Finally, Stifel Nicolaus set a $50.00 price target on shares of Blackbaud in a report on Tuesday, February 10th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $56.25.

Blackbaud Stock Performance

The company has a fifty day moving average price of $50.12 and a two-hundred day moving average price of $58.36. 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 $2.01 billion, a P/E ratio of 18.34, a PEG ratio of 1.52 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 (EPS) for the quarter, beating 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 analyst estimates of $292.71 million. During the same quarter last year, the business earned $1.08 EPS. The firm’s quarterly revenue was down 2.3% on a year-over-year basis. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. Equities analysts forecast that Blackbaud, Inc. will post 3.05 earnings per share for the current fiscal year.

Insider Transactions at Blackbaud

In related news, EVP Kevin P. Gregoire sold 2,000 shares of Blackbaud stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $50.02, for a total value of $100,040.00. Following the transaction, the executive vice president directly owned 135,194 shares of the company’s stock, valued at $6,762,403.88. The trade was a 1.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP David J. Benjamin sold 14,349 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $47.47, for a total transaction of $681,147.03. Following the transaction, the executive vice president owned 73,124 shares of the company’s stock, valued at approximately $3,471,196.28. The trade was a 16.40% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 39,801 shares of company stock worth $1,893,874. Company insiders own 1.97% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Rothschild Investment LLC increased its position in shares of Blackbaud by 589.0% during 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 in the last quarter. TD Private Client Wealth LLC lifted its position in Blackbaud by 4,300.0% in the 4th quarter. TD Private Client Wealth LLC now owns 616 shares of the technology company’s stock valued at $39,000 after acquiring an additional 602 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in Blackbaud by 380.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 615 shares of the technology company’s stock valued at $39,000 after purchasing an additional 487 shares during the last quarter. Quarry LP bought a new stake in Blackbaud during the 3rd quarter worth approximately $46,000. Finally, Kestra Advisory Services LLC bought a new stake in Blackbaud during the 4th quarter worth approximately $47,000. Institutional investors and hedge funds own 94.21% of the company’s stock.

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.