Blackbaud (NASDAQ:BLKB) CEO Michael Gianoni Sells 17,000 Shares of Stock

Blackbaud, Inc. (NASDAQ:BLKB) CEO Michael Gianoni sold 17,000 shares of the company’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $47.35, for a total value of $804,950.00. Following the completion of the transaction, the chief executive officer directly owned 423,264 shares in the company, valued at approximately $20,041,550.40. The trade was a 3.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Blackbaud Stock Up 3.1%

BLKB opened at $48.57 on Friday. Blackbaud, Inc. has a fifty-two week low of $25.58 and a fifty-two week high of $70.71. The business has a 50-day moving average of $36.94 and a 200-day moving average of $37.88. The company has a debt-to-equity ratio of 16.82, a current ratio of 0.83 and a quick ratio of 0.83. The company has a market capitalization of $2.20 billion, a PE ratio of 15.18, a price-to-earnings-growth ratio of 1.61 and a beta of 0.97.

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

Analyst Ratings Changes

BLKB has been the subject of a number of recent research reports. Raymond James Financial reiterated an “outperform” rating and issued a $55.00 price objective on shares of Blackbaud in a report on Wednesday, July 29th. Stifel Nicolaus cut their target price on Blackbaud from $45.00 to $30.00 and set a “hold” rating on the stock in a report on Friday, July 10th. Weiss Ratings raised Blackbaud from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, August 6th. Finally, Robert W. Baird set a $54.00 price target on Blackbaud in a research note on Thursday, July 30th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $48.50.

Institutional Investors Weigh In On Blackbaud

A number of institutional investors have recently added to or reduced their stakes in BLKB. Rothschild Investment LLC increased its holdings in Blackbaud by 589.0% in the 4th quarter. Rothschild Investment LLC now owns 565 shares of the technology company’s stock valued at $36,000 after buying an additional 483 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Blackbaud by 380.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 615 shares of the technology company’s stock worth $39,000 after acquiring an additional 487 shares during the period. TD Private Client Wealth LLC boosted its position in shares of Blackbaud by 4,300.0% during 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. Quarry LP acquired a new stake in shares of Blackbaud during the 3rd quarter valued at about $46,000. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Blackbaud during the 4th quarter valued at about $47,000. 94.21% of the stock is owned by institutional investors and hedge funds.

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.