Blackbaud (NASDAQ:BLKB) Reaches New 1-Year Low – Should You Sell?

Blackbaud, Inc. (NASDAQ:BLKB) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $26.59 and last traded at $27.0620, with a volume of 20379 shares traded. The stock had previously closed at $27.36.

Analyst Ratings Changes

Several equities research analysts have weighed in on BLKB shares. Robert W. Baird upgraded shares of Blackbaud from a “neutral” rating to an “outperform” rating and lowered their price objective for the company from $60.00 to $50.00 in a research report on Thursday, April 30th. Stifel Nicolaus decreased their price target on shares of Blackbaud from $50.00 to $45.00 and set a “hold” rating on the stock in a research note on Tuesday, April 28th. Zacks Research lowered shares of Blackbaud from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Finally, Weiss Ratings upgraded shares of Blackbaud from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Blackbaud has a consensus rating of “Hold” and an average target price of $52.50.

Blackbaud Price Performance

The stock has a market capitalization of $1.27 billion, a P/E ratio of 9.38, a PEG ratio of 1.01 and a beta of 1.02. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 33.66. The company has a fifty day simple moving average of $33.97 and a two-hundred day simple moving average of $46.72.

Blackbaud (NASDAQ:BLKB) last announced its quarterly earnings data on Wednesday, April 29th. The technology company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.06. The firm had revenue of $281.14 million during the quarter, compared to analysts’ expectations of $279.81 million. Blackbaud had a return on equity of 176.76% and a net margin of 12.41%.The company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.96 EPS. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. Sell-side analysts expect that Blackbaud, Inc. will post 3.57 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Chad Anderson sold 6,205 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $31.31, for a total value of $194,278.55. Following the completion of the sale, the chief financial officer owned 62,869 shares in the company, valued at approximately $1,968,428.39. This represents a 8.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.97% of the company’s stock.

Hedge Funds Weigh In On Blackbaud

Several institutional investors have recently modified their holdings of BLKB. Northwestern Mutual Wealth Management Co. grew its position in shares of Blackbaud by 143,409.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,207,179 shares of the technology company’s stock worth $139,759,000 after buying an additional 2,205,641 shares during the period. Vanguard Group Inc. grew 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 worth $354,762,000 after buying an additional 706,695 shares during the period. SG Capital Management LLC grew its position in shares of Blackbaud by 777.3% during the 3rd quarter. SG Capital Management LLC now owns 598,547 shares of the technology company’s stock worth $38,493,000 after buying an additional 530,320 shares during the period. Norges Bank acquired a new position in shares of Blackbaud during the 4th quarter worth about $29,846,000. Finally, AQR Capital Management LLC grew its position in shares of Blackbaud by 157.3% during the 4th quarter. AQR Capital Management LLC now owns 767,792 shares of the technology company’s stock worth $48,617,000 after buying an additional 469,391 shares during the period. 94.21% of the stock is currently owned by institutional investors and hedge funds.

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.