David Benjamin Sells 7,990 Shares of Blackbaud (NASDAQ:BLKB) Stock

Blackbaud, Inc. (NASDAQ:BLKB) EVP David Benjamin sold 7,990 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $49.41, for a total value of $394,785.90. Following the completion of the sale, the executive vice president directly owned 94,003 shares in the company, valued at $4,644,688.23. The trade was a 7.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Blackbaud Trading Down 0.4%

BLKB traded down $0.19 during midday trading on Friday, reaching $49.13. 894,514 shares of the company’s stock traded hands, compared to its average volume of 482,150. Blackbaud, Inc. has a 52 week low of $45.71 and a 52 week high of $74.88. The company has a debt-to-equity ratio of 12.78, a current ratio of 0.79 and a quick ratio of 0.69. The firm has a fifty day moving average of $56.87 and a two-hundred day moving average of $61.07. The stock has a market capitalization of $2.35 billion, a price-to-earnings ratio of 20.64, a P/E/G ratio of 1.71 and a beta of 1.10.

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

Institutional Investors Weigh In On Blackbaud

A number of institutional investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its holdings in Blackbaud by 143,409.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,207,179 shares of the technology company’s stock worth $139,759,000 after acquiring an additional 2,205,641 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Blackbaud by 14.7% in the 3rd quarter. Vanguard Group Inc. now owns 5,516,432 shares of the technology company’s stock worth $354,762,000 after purchasing an additional 706,695 shares in the last quarter. SG Capital Management LLC lifted its holdings in shares of Blackbaud by 777.3% during the third quarter. SG Capital Management LLC now owns 598,547 shares of the technology company’s stock valued at $38,493,000 after purchasing an additional 530,320 shares in the last quarter. Norges Bank purchased a new stake in shares of Blackbaud during the second quarter valued at $31,503,000. Finally, AQR Capital Management LLC increased its holdings 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 buying an additional 469,391 shares in the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on BLKB. Stifel Nicolaus set a $50.00 price objective on shares of Blackbaud in a report on Tuesday, February 10th. Weiss Ratings reissued a “sell (d)” rating on shares of Blackbaud in a research report on Wednesday, January 21st. Wall Street Zen upgraded Blackbaud from a “hold” rating to a “buy” rating in a research report on Sunday, November 9th. Robert W. Baird set a $60.00 price objective on Blackbaud in a report on Wednesday, February 11th. Finally, Raymond James Financial set a $60.00 price objective on Blackbaud in a research report on Tuesday, February 10th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $56.25.

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.