Blackbaud (NASDAQ:BLKB) CFO Chad Anderson Sells 2,000 Shares

Blackbaud, Inc. (NASDAQ:BLKB) CFO Chad Anderson sold 2,000 shares of Blackbaud stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $47.56, for a total transaction of $95,120.00. Following the sale, the chief financial officer directly owned 59,883 shares in the company, valued at $2,848,035.48. This trade represents a 3.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Blackbaud Price Performance

NASDAQ:BLKB traded down $0.31 on Wednesday, hitting $47.47. The company had a trading volume of 390,716 shares, compared to its average volume of 635,891. The stock has a market capitalization of $2.15 billion, a price-to-earnings ratio of 14.83, a PEG ratio of 1.65 and a beta of 0.99. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 16.82. The firm has a 50 day moving average of $38.22 and a two-hundred day moving average of $37.87. Blackbaud, Inc. has a 52 week low of $25.58 and a 52 week high of $70.71.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of BLKB. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Blackbaud by 1.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,434 shares of the technology company’s stock worth $1,454,000 after acquiring an additional 361 shares during the period. Jones Financial Companies Lllp grew its stake in Blackbaud by 293.1% during the first 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 period. Goldman Sachs Group Inc. grew its stake in Blackbaud by 26.2% during the first 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 during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Blackbaud by 4.3% in the first 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 increased its holdings in Blackbaud by 886.2% in the first quarter. Jane Street Group LLC now owns 159,729 shares of the technology company’s stock worth $9,911,000 after purchasing an additional 143,533 shares in the last quarter. 94.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on BLKB shares. Raymond James Financial reaffirmed an “outperform” rating and issued a $55.00 target price on shares of Blackbaud in a report on Wednesday, July 29th. Robert W. Baird set a $54.00 price target on Blackbaud in a research note on Thursday, July 30th. Stifel Nicolaus reduced their price target on Blackbaud from $45.00 to $30.00 and set a “hold” rating on the stock in a report on Friday, July 10th. Finally, Weiss Ratings raised Blackbaud from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, August 6th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $48.50.

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.