Aristides Capital LLC Has $1.86 Million Holdings in Blackbaud, Inc. $BLKB

Aristides Capital LLC lifted its holdings in shares of Blackbaud, Inc. (NASDAQ:BLKB) by 63.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 48,186 shares of the technology company’s stock after purchasing an additional 18,710 shares during the quarter. Aristides Capital LLC owned 0.10% of Blackbaud worth $1,860,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Rothschild Investment LLC grew its position in Blackbaud by 589.0% during the fourth quarter. Rothschild Investment LLC now owns 565 shares of the technology company’s stock worth $36,000 after buying an additional 483 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Blackbaud by 380.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 615 shares of the technology company’s stock valued at $39,000 after purchasing an additional 487 shares in the last quarter. TD Private Client Wealth LLC raised its stake in Blackbaud by 4,300.0% in the fourth quarter. TD Private Client Wealth LLC now owns 616 shares of the technology company’s stock valued at $39,000 after purchasing an additional 602 shares in the last quarter. Quarry LP bought a new stake in Blackbaud during the third quarter worth about $46,000. Finally, Kestra Advisory Services LLC bought a new stake in Blackbaud during the fourth quarter worth about $47,000. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BLKB has been the topic of several recent analyst reports. Zacks Research lowered shares of Blackbaud from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Stifel Nicolaus reduced their price target on shares of Blackbaud from $45.00 to $30.00 and set a “hold” rating on the stock in a research report on Friday, July 10th. Robert W. Baird raised shares of Blackbaud from a “neutral” rating to an “outperform” rating and decreased their price objective for the company from $60.00 to $50.00 in a research note on Thursday, April 30th. Finally, Weiss Ratings upgraded shares of Blackbaud from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, July 8th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $48.75.

Blackbaud Price Performance

Shares of BLKB opened at $31.25 on Friday. Blackbaud, Inc. has a 12-month low of $25.58 and a 12-month high of $74.88. The business has a 50-day simple moving average of $29.52 and a two-hundred day simple moving average of $39.94. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 33.66. The stock has a market cap of $1.44 billion, a PE ratio of 10.59, a PEG ratio of 1.10 and a beta of 1.01.

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

Insider Transactions at Blackbaud

In other Blackbaud news, CFO Chad Anderson sold 6,205 shares of Blackbaud stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $31.31, for a total transaction of $194,278.55. Following the transaction, the chief financial officer directly owned 62,869 shares of the company’s stock, valued at approximately $1,968,428.39. The trade was a 8.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.01% of the company’s stock.

Blackbaud 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.