Insider Selling: Blackbaud (NASDAQ:BLKB) EVP Sells $1,001,000.00 in Stock

Blackbaud, Inc. (NASDAQ:BLKB) EVP Kevin Gregoire sold 22,000 shares of the stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $45.50, for a total value of $1,001,000.00. Following the sale, the executive vice president owned 113,194 shares of the company’s stock, valued at approximately $5,150,327. The trade was a 16.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Blackbaud Trading Down 1.1%

Shares of NASDAQ:BLKB traded down $0.49 during midday trading on Friday, reaching $45.87. The company’s stock had a trading volume of 486,543 shares, compared to its average volume of 661,766. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of 14.33, a PEG ratio of 1.57 and a beta of 0.97. The company has a debt-to-equity ratio of 16.82, a quick ratio of 0.83 and a current ratio of 0.83. The firm has a 50 day moving average price of $31.64 and a two-hundred day moving average price of $38.59. Blackbaud, Inc. has a fifty-two week low of $25.58 and a fifty-two week high of $70.71.

Blackbaud (NASDAQ:BLKB) last announced its earnings results on Wednesday, July 29th. The technology company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.23 by $0.10. Blackbaud had a return on equity of 197.49% and a net margin of 13.12%.The company had revenue of $290.60 million for the quarter, compared to analyst estimates of $292.23 million. During the same quarter in the prior year, the company earned $1.21 EPS. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. As a group, analysts forecast that Blackbaud, Inc. will post 3.71 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. BlackRock Inc. bought a new stake in Blackbaud in the 2nd quarter worth about $177,153,000. Northwestern Mutual Wealth Management Co. increased its stake 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 last quarter. Janus Henderson Group PLC lifted its position in shares of Blackbaud by 3.9% during the 1st quarter. Janus Henderson Group PLC now owns 1,555,833 shares of the technology company’s stock worth $60,071,000 after buying an additional 58,806 shares in the last quarter. Dimensional Fund Advisors LP lifted its position 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 buying an additional 5,709 shares in the last quarter. Finally, Van Berkom & Associates Inc. boosted its stake in shares of Blackbaud by 16.7% in the 4th quarter. Van Berkom & Associates Inc. now owns 779,935 shares of the technology company’s stock worth $49,385,000 after buying an additional 111,388 shares during the last quarter. 94.21% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Stifel Nicolaus reduced their price objective on shares of Blackbaud from $45.00 to $30.00 and set a “hold” rating for the company in a research report on Friday, July 10th. Robert W. Baird set a $54.00 target price on shares of Blackbaud in a research report on Thursday, July 30th. Weiss Ratings lowered shares of Blackbaud from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, July 23rd. Zacks Research cut shares of Blackbaud from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $55.00 price target on shares of Blackbaud in a research note on Wednesday, July 29th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Blackbaud currently has an average rating of “Hold” and a consensus price target of $48.50.

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.