Blackbaud, Inc. (NASDAQ:BLKB – Get Free Report) CFO Anthony W. Boor sold 3,100 shares of Blackbaud stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $79.48, for a total transaction of $246,388.00. Following the sale, the chief financial officer now owns 158,268 shares in the company, valued at $12,579,140.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Blackbaud Trading Down 0.9 %
Shares of BLKB stock opened at $77.52 on Thursday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.94. The stock has a 50-day simple moving average of $72.67 and a 200 day simple moving average of $76.01. Blackbaud, Inc. has a fifty-two week low of $64.32 and a fifty-two week high of $88.56. The stock has a market capitalization of $4.14 billion, a P/E ratio of 2,584.00, a P/E/G ratio of 3.43 and a beta of 1.04.
Blackbaud (NASDAQ:BLKB – Get Free Report) last posted its quarterly earnings data on Tuesday, February 13th. The technology company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.09. Blackbaud had a net margin of 0.16% and a return on equity of 14.59%. The company had revenue of $295.01 million during the quarter, compared to analyst estimates of $299.04 million. During the same quarter last year, the firm posted $0.28 EPS. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, sell-side analysts expect that Blackbaud, Inc. will post 2.35 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Analyst Ratings Changes
A number of analysts have commented on the stock. StockNews.com upgraded shares of Blackbaud from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. Robert W. Baird cut their target price on Blackbaud from $95.00 to $88.00 and set an “outperform” rating for the company in a research report on Wednesday, February 14th.
Get Our Latest Analysis on Blackbaud
About Blackbaud
Blackbaud, Inc provides cloud software solutions to nonprofits, foundations, education institutions, and healthcare organizations in the United States and internationally. The company offers fundraising and engagement solutions, such as Blackbaud Raiser's Edge NXT, Blackbaud CRM, Blackbaud eTapestry, Blackbaud Luminate Online, Blackbaud TeamRaiser, JustGiving, Blackbaud Fundraiser Performance Management, Blackbaud Guided Fundraising, and Blackbaud Altru; and financial management solutions comprising Blackbaud Financial Edge NXT, Blackbaud Tuition Management, and Blackbaud Financial Aid and Billing Management.
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