Blackbaud (NASDAQ:BLKB) EVP Sells $394,785.90 in Stock

Blackbaud, Inc. (NASDAQ:BLKB) EVP David Benjamin sold 7,990 shares of the stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $49.41, for a total transaction of $394,785.90. Following the sale, the executive vice president owned 94,003 shares of the company’s stock, valued at approximately $4,644,688.23. This trade represents a 7.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Blackbaud Price Performance

BLKB stock opened at $49.13 on Monday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 12.78. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of 20.64, a PEG ratio of 1.69 and a beta of 1.10. The company’s fifty day simple moving average is $56.59 and its 200 day simple moving average is $60.91. Blackbaud, Inc. has a 12-month low of $45.71 and a 12-month high of $74.88.

Blackbaud (NASDAQ:BLKB) last posted its quarterly earnings data on Tuesday, February 10th. The technology company reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.04. The firm 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%.The business’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period last year, the company posted $1.08 EPS. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. On average, analysts expect that Blackbaud, Inc. will post 3.05 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Zacks Research upgraded shares of Blackbaud from a “hold” rating to a “strong-buy” rating in a report on Friday, February 13th. Evercore set a $55.00 price target 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. Robert W. Baird set a $60.00 target price on Blackbaud in a report on Wednesday, February 11th. Finally, Stifel Nicolaus set a $50.00 price target on shares of Blackbaud in a research note on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $56.25.

Institutional Trading of Blackbaud

Hedge funds have recently bought and sold shares of the business. CWM LLC boosted its position in Blackbaud by 215.9% in the second quarter. CWM LLC now owns 458 shares of the technology company’s stock worth $29,000 after purchasing an additional 313 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of Blackbaud during the 2nd quarter worth $33,000. Rothschild Investment LLC boosted its holdings in shares of Blackbaud by 589.0% in the 4th quarter. Rothschild Investment LLC now owns 565 shares of the technology company’s stock worth $36,000 after buying an additional 483 shares during the last quarter. TD Private Client Wealth LLC grew its position in Blackbaud by 4,300.0% during the fourth quarter. TD Private Client Wealth LLC now owns 616 shares of the technology company’s stock valued at $39,000 after buying an additional 602 shares during the period. Finally, EverSource Wealth Advisors LLC increased its holdings in Blackbaud by 380.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 615 shares of the technology company’s stock worth $39,000 after buying an additional 487 shares during the last quarter. 94.21% of the stock is currently owned by institutional investors.

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.