Insider Selling: Blackbaud (NASDAQ:BLKB) EVP Sells $681,147.03 in Stock

Blackbaud, Inc. (NASDAQ:BLKB) EVP David Benjamin sold 14,349 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $47.47, for a total value of $681,147.03. Following the completion of the sale, the executive vice president owned 73,124 shares in the company, valued at approximately $3,471,196.28. This represents a 16.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Blackbaud Stock Performance

NASDAQ BLKB opened at $48.54 on Friday. The business has a 50 day moving average price of $55.05 and a 200 day moving average price of $60.41. The company has a market capitalization of $2.23 billion, a P/E ratio of 20.40, a PEG ratio of 1.68 and a beta of 1.10. Blackbaud, Inc. has a 1-year low of $45.71 and a 1-year 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 0.79.

Blackbaud (NASDAQ:BLKB) last posted its earnings results on Tuesday, February 10th. The technology company reported $1.19 earnings per share 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 company had revenue of $295.26 million for the quarter, compared to analyst estimates of $292.71 million. During the same quarter in the prior year, the company earned $1.08 earnings per share. Blackbaud’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. Sell-side analysts expect that Blackbaud, Inc. will post 3.05 EPS for the current fiscal year.

Institutional Trading of Blackbaud

Hedge funds and other institutional investors have recently bought and sold shares of the company. Jackson Creek Investment Advisors LLC acquired a new position in Blackbaud in the third quarter valued at $1,287,000. Vanguard Group Inc. grew its holdings in Blackbaud by 14.7% in the 3rd quarter. Vanguard Group Inc. now owns 5,516,432 shares of the technology company’s stock valued at $354,762,000 after buying an additional 706,695 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Blackbaud during the 3rd quarter valued at about $2,356,000. SG Capital Management LLC acquired a new position in shares of Blackbaud during the 2nd quarter valued at about $4,381,000. Finally, AGF Management Ltd. purchased a new position in shares of Blackbaud during the 2nd quarter worth about $3,121,000. 94.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BLKB has been the subject of a number of research reports. Weiss Ratings restated a “sell (d)” rating on shares of Blackbaud in a research report on Wednesday, January 21st. Raymond James Financial set a $60.00 price objective on shares of Blackbaud in a research note on Tuesday, February 10th. Zacks Research upgraded Blackbaud from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 13th. Stifel Nicolaus set a $50.00 target price on Blackbaud in a report on Tuesday, February 10th. Finally, Robert W. Baird set a $60.00 price target on Blackbaud in a research report on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average 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.