Blackbaud (NASDAQ:BLKB) Shares Down 5.5% – Time to Sell?

Blackbaud, Inc. (NASDAQ:BLKB)’s stock price fell 5.5% during trading on Friday . The company traded as low as $34.07 and last traded at $34.16. 104,066 shares changed hands during mid-day trading, a decline of 80% from the average session volume of 512,835 shares. The stock had previously closed at $36.16.

Wall Street Analyst Weigh In

A number of research firms recently commented on BLKB. Zacks Research upgraded Blackbaud from a “hold” rating to a “strong-buy” rating in a report on Friday, February 13th. Robert W. Baird set a $60.00 price objective on Blackbaud in a report on Wednesday, February 11th. Raymond James Financial set a $60.00 price objective on Blackbaud in a report on Tuesday, February 10th. Evercore set a $55.00 target price on Blackbaud in a research report on Wednesday, February 11th. Finally, Stifel Nicolaus set a $50.00 target price on Blackbaud in a research report on Tuesday, February 10th. One analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $56.25.

Blackbaud Stock Down 4.4%

The business has a 50 day moving average of $45.14 and a 200 day moving average of $55.62. 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 market capitalization of $1.59 billion, a price-to-earnings ratio of 14.48, a price-to-earnings-growth ratio of 1.28 and a beta of 1.18.

Blackbaud (NASDAQ:BLKB) last issued its earnings results on Tuesday, February 10th. The technology company reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.15 by $0.04. The business had revenue of $295.26 million during the quarter, compared to analyst estimates of $292.71 million. Blackbaud had a return on equity of 175.57% and a net margin of 10.19%.Blackbaud’s revenue was down 2.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.08 earnings per share. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. On average, equities analysts anticipate that Blackbaud, Inc. will post 3.05 EPS for the current year.

Insiders Place Their Bets

In other Blackbaud news, EVP David J. Benjamin sold 14,349 shares of the stock in a transaction on Tuesday, February 24th. The stock was 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 directly owned 73,124 shares in the company, valued at $3,471,196.28. This represents 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 link. Also, EVP Kevin P. Gregoire sold 2,000 shares of the stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $50.02, for a total value of $100,040.00. Following the transaction, the executive vice president owned 135,194 shares of the company’s stock, valued at $6,762,403.88. This represents a 1.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 39,801 shares of company stock worth $1,893,874 over the last three months. 1.97% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Blackbaud

Several hedge funds have recently added to or reduced their stakes in the company. Trust Point Inc. boosted its holdings in Blackbaud by 3.2% in the fourth quarter. Trust Point Inc. now owns 6,014 shares of the technology company’s stock valued at $381,000 after acquiring an additional 184 shares during the last quarter. Glenmede Investment Management LP raised its position in Blackbaud by 2.1% in the 3rd quarter. Glenmede Investment Management LP now owns 10,492 shares of the technology company’s stock valued at $675,000 after buying an additional 215 shares during the last quarter. AXQ Capital LP raised its position in Blackbaud by 3.0% in the 4th quarter. AXQ Capital LP now owns 8,307 shares of the technology company’s stock valued at $526,000 after buying an additional 243 shares during the last quarter. GAMMA Investing LLC raised its position in Blackbaud by 46.6% in the 3rd quarter. GAMMA Investing LLC now owns 777 shares of the technology company’s stock valued at $50,000 after buying an additional 247 shares during the last quarter. Finally, Comerica Bank increased its position in shares of Blackbaud by 1.0% during the 4th quarter. Comerica Bank now owns 24,847 shares of the technology company’s stock worth $1,573,000 after purchasing an additional 255 shares during the last quarter. Institutional investors 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.