Blackbaud (NASDAQ:BLKB) Shares Gap Up – What’s Next?

Blackbaud, Inc. (NASDAQ:BLKB)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $29.27, but opened at $30.35. Blackbaud shares last traded at $30.49, with a volume of 37,070 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Zacks Research lowered Blackbaud from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Stifel Nicolaus decreased their price objective on Blackbaud from $50.00 to $45.00 and set a “hold” rating for the company in a research report on Tuesday, April 28th. Robert W. Baird raised Blackbaud from a “neutral” rating to an “outperform” rating and lowered their target price for the stock from $60.00 to $50.00 in a research note on Thursday, April 30th. Finally, Weiss Ratings downgraded shares of Blackbaud from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, June 16th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $52.50.

Blackbaud Stock Performance

The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 9.71, a price-to-earnings-growth ratio of 1.07 and a beta of 1.01. The stock has a 50-day moving average of $30.46 and a 200-day moving average of $42.42. The company has a debt-to-equity ratio of 33.66, a quick ratio of 0.74 and a current ratio of 0.74.

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

Insider Buying and Selling

In related news, CFO Chad Anderson sold 6,205 shares of the firm’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $31.31, for a total value of $194,278.55. Following the completion of the transaction, the chief financial officer owned 62,869 shares of the company’s stock, valued at approximately $1,968,428.39. This trade represents a 8.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.97% of the company’s stock.

Institutional Trading of Blackbaud

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Blackbaud by 1.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,434 shares of the technology company’s stock valued at $1,454,000 after purchasing an additional 361 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of Blackbaud by 293.1% during the 1st quarter. Jones Financial Companies Lllp now owns 7,701 shares of the technology company’s stock worth $478,000 after purchasing an additional 5,742 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Blackbaud by 26.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 229,244 shares of the technology company’s stock worth $14,225,000 after purchasing an additional 47,549 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Blackbaud by 4.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 101,751 shares of the technology company’s stock worth $6,314,000 after purchasing an additional 4,178 shares in the last quarter. Finally, Jane Street Group LLC boosted its holdings in shares of Blackbaud by 886.2% in the 1st quarter. Jane Street Group LLC now owns 159,729 shares of the technology company’s stock valued at $9,911,000 after buying an additional 143,533 shares during 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.