Blackbaud (NASDAQ:BLKB) EVP David Benjamin Sells 2,086 Shares

Blackbaud, Inc. (NASDAQ:BLKB) EVP David Benjamin sold 2,086 shares of the firm’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $48.27, for a total transaction of $100,691.22. Following the transaction, the executive vice president directly owned 71,038 shares in the company, valued at $3,429,004.26. This represents a 2.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Blackbaud Trading Down 0.6%

Shares of BLKB stock opened at $47.47 on Thursday. The stock has a 50 day simple moving average of $38.62 and a 200 day simple moving average of $37.87. Blackbaud, Inc. has a 1 year low of $25.58 and a 1 year high of $70.71. 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 stock has a market cap of $2.15 billion, a P/E ratio of 14.83, a price-to-earnings-growth ratio of 1.64 and a beta of 0.99.

Blackbaud (NASDAQ:BLKB) last issued its quarterly earnings results on Wednesday, July 29th. The technology company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $292.23 million. During the same quarter last year, the business earned $1.21 earnings per share. Blackbaud’s revenue was up 3.3% on a year-over-year basis. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. On average, research analysts predict that Blackbaud, Inc. will post 3.71 earnings per share for the current fiscal year.

Institutional Trading of Blackbaud

A number of large investors have recently added to or reduced their stakes in the stock. Glenmede Investment Management LP lifted its holdings in Blackbaud by 2.1% during the third quarter. Glenmede Investment Management LP now owns 10,492 shares of the technology company’s stock valued at $675,000 after purchasing an additional 215 shares during 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. Comerica Bank boosted its holdings in shares of Blackbaud by 1.0% in the fourth quarter. Comerica Bank now owns 24,847 shares of the technology company’s stock worth $1,573,000 after acquiring an additional 255 shares during the period. Blue Trust Inc. grew its position in shares of Blackbaud by 44.3% in the first quarter. Blue Trust Inc. now owns 867 shares of the technology company’s stock valued at $33,000 after purchasing an additional 266 shares in the last quarter. Finally, Inspire Investing LLC grew its position in shares of Blackbaud by 4.4% in the fourth quarter. Inspire Investing LLC now owns 7,382 shares of the technology company’s stock valued at $467,000 after purchasing an additional 310 shares in the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on BLKB. Raymond James Financial reiterated 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 shares of Blackbaud in a research report on Thursday, July 30th. Weiss Ratings upgraded shares of Blackbaud from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, August 6th. Finally, Stifel Nicolaus decreased their price target on Blackbaud from $45.00 to $30.00 and set a “hold” rating for the company in a report on Friday, July 10th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Blackbaud has a consensus rating of “Hold” and a consensus target price 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.