Blackbaud (NASDAQ:BLKB) EVP Sells $100,040.00 in Stock

Blackbaud, Inc. (NASDAQ:BLKB) EVP Kevin Gregoire sold 2,000 shares of the stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $50.02, for a total value of $100,040.00. Following the sale, the executive vice president owned 135,194 shares in the company, valued at approximately $6,762,403.88. This represents a 1.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Blackbaud Price Performance

BLKB traded down $1.14 during trading on Friday, reaching $48.16. 515,494 shares of the company were exchanged, compared to its average volume of 493,611. Blackbaud, Inc. has a 12-month low of $45.71 and a 12-month high of $74.88. The company’s 50-day moving average is $53.94 and its two-hundred day moving average is $60.05. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 12.78. The company has a market cap of $2.21 billion, a price-to-earnings ratio of 20.24, a P/E/G ratio of 1.71 and a beta of 1.11.

Blackbaud (NASDAQ:BLKB) last issued its quarterly earnings data on Tuesday, February 10th. The technology company reported $1.19 EPS for the quarter, beating the consensus estimate of $1.15 by $0.04. The company had revenue of $295.26 million during the quarter, compared to analysts’ expectations of $292.71 million. Blackbaud had a net margin of 10.19% and a return on equity of 175.57%. Blackbaud’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.08 earnings per share. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. Research analysts forecast that Blackbaud, Inc. will post 3.05 earnings per share for the current fiscal year.

Institutional Trading of Blackbaud

Several institutional investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. increased its holdings 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 period. Vanguard Group Inc. boosted its holdings in 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 acquiring an additional 706,695 shares during the period. SG Capital Management LLC grew its position in Blackbaud by 777.3% during the 3rd quarter. SG Capital Management LLC now owns 598,547 shares of the technology company’s stock worth $38,493,000 after acquiring an additional 530,320 shares during the last quarter. Norges Bank purchased a new position in Blackbaud in the 2nd quarter worth approximately $31,503,000. Finally, AQR Capital Management LLC increased its stake in Blackbaud by 157.3% in the 4th quarter. AQR Capital Management LLC now owns 767,792 shares of the technology company’s stock worth $48,617,000 after purchasing an additional 469,391 shares during the period. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Raymond James Financial set a $60.00 price objective on Blackbaud in a report on Tuesday, February 10th. Robert W. Baird set a $60.00 target price on shares of Blackbaud in a research report on Wednesday, February 11th. Wall Street Zen raised shares of Blackbaud from a “hold” rating to a “buy” rating in a report on Sunday, November 9th. Zacks Research upgraded shares of Blackbaud from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 13th. Finally, Evercore set a $55.00 target price on shares of Blackbaud in a research report on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Blackbaud currently has an average rating of “Hold” and a consensus price target of $56.25.

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.