Blackbaud (NASDAQ:BLKB) Hits New 1-Year Low – Here’s Why

Blackbaud, Inc. (NASDAQ:BLKB) shares reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $37.33 and last traded at $37.5450, with a volume of 28934 shares traded. The stock had previously closed at $38.61.

Analysts Set New Price Targets

A number of equities analysts have recently commented on BLKB shares. Robert W. Baird set a $60.00 target price on shares of Blackbaud in a research note on Wednesday, February 11th. Evercore set a $55.00 price target on shares of Blackbaud in a research report on Wednesday, February 11th. Zacks Research upgraded Blackbaud from a “hold” rating to a “strong-buy” rating in a report on Friday, February 13th. Stifel Nicolaus set a $50.00 price objective on Blackbaud in a research report on Tuesday, February 10th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Blackbaud in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $56.25.

Blackbaud Price Performance

The company has a market cap of $1.74 billion, a PE ratio of 15.93, a price-to-earnings-growth ratio of 1.30 and a beta of 1.11. The business’s 50 day moving average price is $47.59 and its 200-day moving average price is $56.95. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 12.78.

Blackbaud (NASDAQ:BLKB) last announced its earnings results on Tuesday, February 10th. The technology company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.04. The business had revenue of $295.26 million during 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 quarterly revenue was down 2.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.08 earnings per share. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. As a group, analysts forecast that Blackbaud, Inc. will post 3.05 earnings per share for the current year.

Insider Buying and Selling at Blackbaud

In other news, EVP Kevin P. Gregoire sold 2,000 shares of Blackbaud stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $50.02, for a total transaction of $100,040.00. Following the sale, the executive vice president directly owned 135,194 shares of the company’s stock, valued at approximately $6,762,403.88. The trade was a 1.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP David J. Benjamin sold 14,349 shares of the business’s stock in a transaction dated 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 owned 73,124 shares in the company, valued at approximately $3,471,196.28. This trade represents a 16.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 39,801 shares of company stock valued at $1,893,874 in the last ninety days. Insiders own 1.97% of the company’s stock.

Institutional Investors Weigh In On Blackbaud

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of Blackbaud by 14.7% during the 3rd quarter. Vanguard Group Inc. now owns 5,516,432 shares of the technology company’s stock valued at $354,762,000 after buying an additional 706,695 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Blackbaud by 143,409.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,207,179 shares of the technology company’s stock worth $139,759,000 after buying an additional 2,205,641 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Blackbaud by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 975,085 shares of the technology company’s stock worth $61,743,000 after buying an additional 5,709 shares during the last quarter. Greenhouse Funds LLLP raised its holdings in Blackbaud by 13.7% in the third quarter. Greenhouse Funds LLLP now owns 802,904 shares of the technology company’s stock valued at $51,635,000 after acquiring an additional 96,457 shares in the last quarter. Finally, Van Berkom & Associates Inc. raised its holdings in Blackbaud by 16.7% in the fourth quarter. Van Berkom & Associates Inc. now owns 779,935 shares of the technology company’s stock valued at $49,385,000 after acquiring an additional 111,388 shares in the last quarter. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

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.