Kevin Gregoire Sells 22,000 Shares of Blackbaud (NASDAQ:BLKB) Stock

Blackbaud, Inc. (NASDAQ:BLKB) EVP Kevin Gregoire sold 22,000 shares of the stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $45.50, for a total transaction of $1,001,000.00. Following the completion of the sale, the executive vice president directly owned 113,194 shares in the company, valued at approximately $5,150,327. This represents a 16.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Blackbaud Price Performance

Blackbaud stock opened at $45.87 on Friday. Blackbaud, Inc. has a 12-month low of $25.58 and a 12-month high of $70.71. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 16.82. The firm has a 50-day moving average price of $31.94 and a 200-day moving average price of $38.64. The firm has a market capitalization of $2.08 billion, a PE ratio of 14.33, a price-to-earnings-growth ratio of 1.57 and a beta of 0.97.

Blackbaud (NASDAQ:BLKB) last issued 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 net margin of 13.12% and a return on equity of 197.49%. The company had revenue of $290.60 million for the quarter, compared to the consensus estimate of $292.23 million. During the same period in the prior year, the firm posted $1.21 EPS. The firm’s 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. As a group, equities research analysts forecast that Blackbaud, Inc. will post 3.71 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on BLKB shares. Weiss Ratings raised Blackbaud from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday. Stifel Nicolaus reduced their target price on Blackbaud from $45.00 to $30.00 and set a “hold” rating on the stock in a research note on Friday, July 10th. Zacks Research downgraded Blackbaud from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Raymond James Financial reissued an “outperform” rating and set a $55.00 target price on shares of Blackbaud in a research note on Wednesday, July 29th. Finally, Robert W. Baird set a $54.00 price target on shares of Blackbaud in a report on Thursday, July 30th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $48.50.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of BLKB. First National Bank of Omaha bought a new stake in Blackbaud during the 2nd quarter valued at $731,000. BlackRock Inc. bought a new position in shares of Blackbaud during the 2nd quarter worth $177,153,000. Deutsche Bank AG bought a new position in shares of Blackbaud during the 2nd quarter worth $1,237,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Blackbaud during the second quarter valued at $177,000. Finally, Persistent Asset Partners Ltd purchased a new position in shares of Blackbaud during the second quarter valued at $41,000. Institutional investors own 94.21% of the company’s stock.

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.