Blackbaud (NASDAQ:BLKB) EVP David Benjamin Sells 14,349 Shares

Blackbaud, Inc. (NASDAQ:BLKB) EVP David Benjamin sold 14,349 shares of the business’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 transaction, the executive vice president directly owned 73,124 shares in the company, valued at $3,471,196.28. The trade was a 16.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Blackbaud Stock Performance

Blackbaud stock traded up $0.64 during mid-day trading on Thursday, hitting $48.48. 81,382 shares of the company’s stock traded hands, compared to its average volume of 473,520. The company has a debt-to-equity ratio of 12.78, a current ratio of 0.79 and a quick ratio of 0.79. The firm has a 50 day simple moving average of $55.65 and a two-hundred day simple moving average of $60.58. Blackbaud, Inc. has a fifty-two week low of $45.71 and a fifty-two week high of $74.88. The stock has a market cap of $2.23 billion, a price-to-earnings ratio of 20.47, a P/E/G ratio of 1.63 and a beta of 1.10.

Blackbaud (NASDAQ:BLKB) last released 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 for the quarter, compared to the consensus estimate of $292.71 million. Blackbaud had a net margin of 10.19% and a return on equity of 175.57%. The company’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.08 earnings per share. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. On average, research analysts expect that Blackbaud, Inc. will post 3.05 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BLKB has been the subject of several research reports. Raymond James Financial set a $60.00 price objective on shares of Blackbaud in a research report on Tuesday, February 10th. Robert W. Baird set a $60.00 target price on Blackbaud in a research note on Wednesday, February 11th. Evercore set a $55.00 price target on Blackbaud in a research note on Wednesday, February 11th. Stifel Nicolaus set a $50.00 price objective on Blackbaud in a report on Tuesday, February 10th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Blackbaud in a research report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Blackbaud currently has an average rating of “Hold” and a consensus price target of $56.25.

Institutional Investors Weigh In On Blackbaud

A number of large investors have recently added to or reduced their stakes in BLKB. Vanguard Group Inc. lifted its position in shares of Blackbaud by 14.7% during the 3rd quarter. Vanguard Group Inc. now owns 5,516,432 shares of the technology company’s stock valued at $354,762,000 after acquiring an additional 706,695 shares during the period. Northwestern Mutual Wealth Management Co. increased 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 valued at $139,759,000 after buying an additional 2,205,641 shares during the period. Geneva Capital Management LLC raised its position in shares of Blackbaud by 6.6% in the 2nd quarter. Geneva Capital Management LLC now owns 1,221,745 shares of the technology company’s stock valued at $78,448,000 after buying an additional 75,675 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Blackbaud by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 975,085 shares of the technology company’s stock worth $61,743,000 after acquiring an additional 5,709 shares during the period. Finally, Greenhouse Funds LLLP boosted its position in shares of Blackbaud by 13.7% during the 3rd quarter. Greenhouse Funds LLLP now owns 802,904 shares of the technology company’s stock worth $51,635,000 after acquiring an additional 96,457 shares in the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

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.