ArrowMark Colorado Holdings LLC Has $20.91 Million Stake in Blackbaud, Inc. $BLKB

ArrowMark Colorado Holdings LLC reduced its stake in shares of Blackbaud, Inc. (NASDAQ:BLKB) by 67.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 325,159 shares of the technology company’s stock after selling 659,621 shares during the period. ArrowMark Colorado Holdings LLC owned 0.68% of Blackbaud worth $20,911,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings 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 valued at $354,762,000 after acquiring an additional 706,695 shares during the last quarter. SG Capital Management LLC boosted its position in Blackbaud by 777.3% during the third quarter. SG Capital Management LLC now owns 598,547 shares of the technology company’s stock worth $38,493,000 after purchasing an additional 530,320 shares during the period. Norges Bank bought a new stake in Blackbaud during the second quarter worth approximately $31,503,000. Tributary Capital Management LLC grew its holdings in Blackbaud by 89.7% during the third quarter. Tributary Capital Management LLC now owns 503,742 shares of the technology company’s stock valued at $32,396,000 after purchasing an additional 238,251 shares during the last quarter. Finally, Intrinsic Edge Capital Management LLC bought a new position in shares of Blackbaud in the second quarter valued at approximately $13,575,000. Institutional investors and hedge funds own 94.21% of the company’s stock.

Blackbaud Stock Down 1.4%

BLKB stock opened at $44.03 on Friday. Blackbaud, Inc. has a twelve month low of $43.30 and a twelve month high of $74.88. 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 company has a market cap of $2.02 billion, a PE ratio of 18.50, a price-to-earnings-growth ratio of 1.52 and a beta of 1.11. The business’s 50-day simple moving average is $51.87 and its 200 day simple moving average is $59.20.

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

Insider Activity at Blackbaud

In other Blackbaud news, EVP David J. Benjamin sold 14,349 shares of Blackbaud stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $47.47, for a total transaction of $681,147.03. Following the sale, the executive vice president owned 73,124 shares in the company, valued at $3,471,196.28. The trade was a 16.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Kevin P. Gregoire sold 2,000 shares of the business’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $50.02, for a total transaction of $100,040.00. Following the completion of the sale, the executive vice president directly owned 135,194 shares in the company, valued at $6,762,403.88. This trade represents a 1.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 39,801 shares of company stock worth $1,893,874. 1.97% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Weiss Ratings restated a “sell (d)” rating on shares of Blackbaud in a research note on Wednesday, January 21st. Raymond James Financial set a $60.00 target price on shares of Blackbaud in a research note on Tuesday, February 10th. Robert W. Baird set a $60.00 target price on shares of Blackbaud in a report on Wednesday, February 11th. Evercore set a $55.00 target price on shares of Blackbaud in a research report on Wednesday, February 11th. Finally, Stifel Nicolaus set a $50.00 price target on shares of Blackbaud in a report on Tuesday, February 10th. One 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. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $56.25.

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.