Blackbaud (NASDAQ:BLKB) Hits New 52-Week Low – Time to Sell?

Shares of Blackbaud, Inc. (NASDAQ:BLKB) reached a new 52-week low on Monday . The company traded as low as $42.81 and last traded at $43.3920, with a volume of 165943 shares changing hands. The stock had previously closed at $44.14.

Analyst Upgrades and Downgrades

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

Blackbaud Stock Down 1.1%

The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 12.78. The company has a market capitalization of $2.01 billion, a PE ratio of 18.34, a P/E/G ratio of 1.52 and a beta of 1.11. The stock has a 50-day moving average of $50.12 and a 200 day moving average of $58.36.

Blackbaud (NASDAQ:BLKB) last issued its quarterly earnings results on Tuesday, February 10th. The technology company reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.04. Blackbaud had a return on equity of 175.57% and a net margin of 10.19%.The business had revenue of $295.26 million for the quarter, compared to analyst estimates of $292.71 million. During the same period last year, the company posted $1.08 earnings per share. Blackbaud’s quarterly 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 anticipate that Blackbaud, Inc. will post 3.05 EPS for the current year.

Insider Transactions at Blackbaud

In related news, EVP David J. Benjamin sold 14,349 shares of the stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $47.47, for a total transaction of $681,147.03. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kevin P. Gregoire sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $50.02, for a total transaction of $100,040.00. Following the sale, the executive vice president owned 135,194 shares of the company’s stock, valued at $6,762,403.88. This trade represents a 1.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 39,801 shares of company stock worth $1,893,874 in the last ninety days. Company insiders own 1.97% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Trust Point Inc. grew its stake in Blackbaud by 3.2% in the 4th quarter. Trust Point Inc. now owns 6,014 shares of the technology company’s stock valued at $381,000 after buying an additional 184 shares in the last quarter. Glenmede Investment Management LP lifted its position in shares of Blackbaud by 2.1% during the third quarter. Glenmede Investment Management LP now owns 10,492 shares of the technology company’s stock worth $675,000 after acquiring an additional 215 shares in the last quarter. AXQ Capital LP boosted its holdings in shares of Blackbaud by 3.0% in the fourth quarter. AXQ Capital LP now owns 8,307 shares of the technology company’s stock worth $526,000 after acquiring an additional 243 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Blackbaud by 46.6% in the third quarter. GAMMA Investing LLC now owns 777 shares of the technology company’s stock worth $50,000 after acquiring an additional 247 shares during the period. Finally, Comerica Bank grew its position in shares of Blackbaud by 1.0% in the fourth quarter. Comerica Bank now owns 24,847 shares of the technology company’s stock valued at $1,573,000 after purchasing an additional 255 shares in the last quarter. 94.21% of the stock is owned by institutional investors.

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.