Blackbaud, Inc. $BLKB Shares Sold by Intrinsic Edge Capital Management LLC

Intrinsic Edge Capital Management LLC reduced its position in Blackbaud, Inc. (NASDAQ:BLKB) by 65.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 73,692 shares of the technology company’s stock after selling 137,719 shares during the period. Intrinsic Edge Capital Management LLC owned 0.15% of Blackbaud worth $4,739,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of BLKB. CWM LLC boosted its stake in Blackbaud by 215.9% during the 2nd quarter. CWM LLC now owns 458 shares of the technology company’s stock worth $29,000 after purchasing an additional 313 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of Blackbaud in the second quarter valued at about $33,000. GAMMA Investing LLC boosted its stake in shares of Blackbaud by 46.6% during the third quarter. GAMMA Investing LLC now owns 777 shares of the technology company’s stock worth $50,000 after buying an additional 247 shares during the period. Versant Capital Management Inc grew its holdings in shares of Blackbaud by 68.3% during the third quarter. Versant Capital Management Inc now owns 786 shares of the technology company’s stock worth $51,000 after buying an additional 319 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of Blackbaud during the third quarter worth about $61,000. 94.21% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Blackbaud

In related news, EVP David J. 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 sale, the executive vice president owned 73,124 shares in the company, valued at $3,471,196.28. This represents a 16.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Kevin Mcdearis sold 15,462 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $46.43, for a total value of $717,900.66. Following the completion of the transaction, the executive vice president directly owned 91,756 shares of the company’s stock, valued at $4,260,231.08. The trade was a 14.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 37,801 shares of company stock valued at $1,793,834. 1.97% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

BLKB has been the subject of several analyst reports. Wall Street Zen raised Blackbaud from a “hold” rating to a “buy” rating in a research note on Sunday, November 9th. Zacks Research upgraded Blackbaud from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 13th. Stifel Nicolaus set a $50.00 price target on Blackbaud in a report on Tuesday, February 10th. Weiss Ratings reissued a “sell (d)” rating on shares of Blackbaud in a research note on Wednesday, January 21st. Finally, Robert W. Baird set a $60.00 price objective on shares of Blackbaud in a research report on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Blackbaud currently has an average rating of “Hold” and an average target price of $56.25.

Blackbaud Price Performance

Shares of NASDAQ BLKB opened at $50.35 on Wednesday. The company has a debt-to-equity ratio of 12.78, a quick ratio of 0.79 and a current ratio of 0.79. Blackbaud, Inc. has a one year low of $45.71 and a one year high of $74.88. The firm has a market capitalization of $2.31 billion, a P/E ratio of 21.16, a PEG ratio of 1.69 and a beta of 1.11. The company’s fifty day moving average is $54.50 and its two-hundred day moving average is $60.20.

Blackbaud (NASDAQ:BLKB) last announced 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 firm 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%. The business’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.08 earnings per share. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. Analysts forecast that Blackbaud, Inc. will post 3.05 EPS for the current fiscal year.

Blackbaud 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.