Walleye Capital LLC Invests $527,000 in Blackbaud, Inc. $BLKB

Walleye Capital LLC purchased a new stake in Blackbaud, Inc. (NASDAQ:BLKB) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 17,785 shares of the technology company’s stock, valued at approximately $527,000.

Other institutional investors have also modified their holdings of the company. Altshuler Shaham Ltd acquired a new stake in Blackbaud during the first quarter worth about $29,000. Parallel Advisors LLC boosted its stake in Blackbaud by 528.0% in the first quarter. Parallel Advisors LLC now owns 785 shares of the technology company’s stock valued at $30,000 after acquiring an additional 660 shares during the period. Blue Trust Inc. grew its holdings in shares of Blackbaud by 44.3% during the first quarter. Blue Trust Inc. now owns 867 shares of the technology company’s stock valued at $33,000 after purchasing an additional 266 shares during the last quarter. Rothschild Investment LLC grew its holdings in shares of Blackbaud by 589.0% during the fourth quarter. Rothschild Investment LLC now owns 565 shares of the technology company’s stock valued at $36,000 after purchasing an additional 483 shares during the last quarter. Finally, Versant Capital Management Inc grew its holdings in shares of Blackbaud by 243.9% during the second quarter. Versant Capital Management Inc now owns 1,286 shares of the technology company’s stock valued at $38,000 after purchasing an additional 912 shares during the last quarter. Institutional investors own 94.21% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on BLKB. Robert W. Baird set a $54.00 price target on Blackbaud in a report on Thursday, July 30th. Stifel Nicolaus lowered their price objective on Blackbaud from $45.00 to $30.00 and set a “hold” rating for the company in a research note on Friday, July 10th. Raymond James Financial reaffirmed an “outperform” rating and issued a $55.00 target price on shares of Blackbaud in a research report on Wednesday, July 29th. Finally, Weiss Ratings upgraded Blackbaud from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, August 6th. 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 data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $48.50.

Blackbaud Price Performance

Shares of NASDAQ:BLKB opened at $45.25 on Friday. The firm’s 50 day moving average is $33.53 and its two-hundred day moving average is $38.29. The firm has a market capitalization of $2.05 billion, a P/E ratio of 14.14, a PEG ratio of 1.55 and a beta of 0.97. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 16.82. Blackbaud, Inc. has a 52 week low of $25.58 and a 52 week high of $70.71.

Blackbaud (NASDAQ:BLKB) last issued its quarterly earnings data on Wednesday, July 29th. The technology company reported $1.33 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $292.23 million. During the same period in the previous year, the firm posted $1.21 earnings per share. The business’s revenue was up 3.3% on a year-over-year basis. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. Analysts anticipate that Blackbaud, Inc. will post 3.71 earnings per share for the current year.

Insider Buying and Selling at Blackbaud

In other Blackbaud news, CFO Chad Anderson sold 6,205 shares of the business’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $31.31, for a total transaction of $194,278.55. Following the completion of the transaction, the chief financial officer owned 62,869 shares in the company, valued at approximately $1,968,428.39. The trade was a 8.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kevin P. Gregoire sold 22,000 shares of the stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $45.50, for a total value of $1,001,000.00. Following the completion of the transaction, the executive vice president directly owned 113,194 shares of the company’s stock, valued at approximately $5,150,327. The trade was a 16.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.01% of the stock is owned by insiders.

Blackbaud 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.