Blackbaud (NASDAQ:BLKB) EVP Sells $100,691.22 in Stock

Blackbaud, Inc. (NASDAQ:BLKB) EVP David Benjamin sold 2,086 shares of the business’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $48.27, for a total value of $100,691.22. Following the sale, the executive vice president owned 71,038 shares of the company’s stock, valued at approximately $3,429,004.26. This represents a 2.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Blackbaud Price Performance

Shares of NASDAQ:BLKB opened at $47.10 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 16.82. The stock has a market capitalization of $2.14 billion, a PE ratio of 14.72, a price-to-earnings-growth ratio of 1.66 and a beta of 0.99. The firm’s 50 day moving average price is $39.41 and its 200-day moving average price is $37.93. Blackbaud, Inc. has a twelve month low of $25.58 and a twelve month high of $70.71.

Blackbaud (NASDAQ:BLKB) last announced its earnings results on Wednesday, July 29th. The technology company reported $1.33 earnings per share (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 during the quarter, compared to analyst estimates of $292.23 million. During the same period in the previous year, the business posted $1.21 earnings per share. 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 expect that Blackbaud, Inc. will post 3.71 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Blackbaud

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Parkside Financial Bank & Trust boosted its holdings in shares of Blackbaud by 107.1% during the 2nd quarter. Parkside Financial Bank & Trust now owns 959 shares of the technology company’s stock valued at $28,000 after purchasing an additional 496 shares during the last quarter. Altshuler Shaham Ltd purchased a new position in shares of Blackbaud during the first quarter valued at about $29,000. Parallel Advisors LLC increased its holdings in shares of Blackbaud by 528.0% in the first quarter. Parallel Advisors LLC now owns 785 shares of the technology company’s stock worth $30,000 after purchasing an additional 660 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Blackbaud by 44.3% in the first quarter. Blue Trust Inc. now owns 867 shares of the technology company’s stock worth $33,000 after purchasing an additional 266 shares during the last quarter. Finally, Rothschild Investment LLC lifted its position in shares of Blackbaud by 589.0% in the fourth quarter. Rothschild Investment LLC now owns 565 shares of the technology company’s stock worth $36,000 after buying an additional 483 shares in the last quarter. 94.21% of the stock is currently owned by institutional investors.

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.