Blackbaud (NASDAQ:BLKB) Stock Price Down 4.6% – What’s Next?

Blackbaud, Inc. (NASDAQ:BLKB)’s stock price traded down 4.6% during trading on Thursday . The stock traded as low as $27.08 and last traded at $27.04. 61,507 shares traded hands during mid-day trading, a decline of 89% from the average session volume of 574,070 shares. The stock had previously closed at $28.34.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Stifel Nicolaus reduced their price target on shares of Blackbaud from $50.00 to $45.00 and set a “hold” rating for the company in a report on Tuesday, April 28th. Robert W. Baird upgraded shares of Blackbaud from a “neutral” rating to an “outperform” rating and reduced their price target for the company from $60.00 to $50.00 in a report on Thursday, April 30th. Weiss Ratings upgraded shares of Blackbaud from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Evercore set a $55.00 price target on shares of Blackbaud in a report on Wednesday, February 11th. Finally, Zacks Research lowered shares of Blackbaud from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Blackbaud has an average rating of “Hold” and a consensus price target of $52.50.

Blackbaud Stock Performance

The company has a debt-to-equity ratio of 33.66, a quick ratio of 0.74 and a current ratio of 0.74. The stock has a market cap of $1.27 billion, a P/E ratio of 9.37, a price-to-earnings-growth ratio of 0.99 and a beta of 1.02. The firm’s 50 day moving average is $34.20 and its 200 day moving average is $46.92.

Blackbaud (NASDAQ:BLKB) last posted its quarterly earnings data on Wednesday, April 29th. The technology company reported $1.14 EPS for the quarter, topping the consensus estimate of $1.08 by $0.06. The firm had revenue of $281.14 million during the quarter, compared to analyst estimates of $279.81 million. Blackbaud had a net margin of 12.41% and a return on equity of 176.76%. Blackbaud’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.96 EPS. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. Analysts anticipate that Blackbaud, Inc. will post 3.57 EPS for the current year.

Insider Activity at Blackbaud

In related news, CFO Chad Anderson sold 6,205 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The shares were 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 $1,968,428.39. The trade was a 8.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.97% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake 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 purchasing an additional 706,695 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Blackbaud by 143,409.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,207,179 shares of the technology company’s stock valued at $139,759,000 after purchasing an additional 2,205,641 shares in the last quarter. Janus Henderson Group PLC increased its stake in Blackbaud by 3.9% during the 1st quarter. Janus Henderson Group PLC now owns 1,555,833 shares of the technology company’s stock valued at $60,071,000 after purchasing an additional 58,806 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Blackbaud by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 975,085 shares of the technology company’s stock valued at $61,743,000 after purchasing an additional 5,709 shares in the last quarter. Finally, Greenhouse Funds LLLP increased its stake in Blackbaud by 13.7% during the 3rd quarter. Greenhouse Funds LLLP now owns 802,904 shares of the technology company’s stock valued at $51,635,000 after purchasing an additional 96,457 shares in the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

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.