Blackbaud (NASDAQ:BLKB) Trading Up 4.7% – What’s Next?

Shares of Blackbaud, Inc. (NASDAQ:BLKB) were up 4.7% during trading on Friday . The stock traded as high as $32.73 and last traded at $32.7150. 51,597 shares traded hands during trading, a decline of 92% from the average session volume of 640,326 shares. The stock had previously closed at $31.25.

Analyst Ratings Changes

A number of research firms have recently weighed in on BLKB. Weiss Ratings cut shares of Blackbaud from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday. Zacks Research lowered shares of Blackbaud from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Robert W. Baird raised shares of Blackbaud from a “neutral” rating to an “outperform” rating and decreased their target price for the company from $60.00 to $50.00 in a research report on Thursday, April 30th. Finally, Stifel Nicolaus lowered their target price on shares of Blackbaud from $45.00 to $30.00 and set a “hold” rating for the company in a research note on Friday, July 10th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $48.75.

Blackbaud Stock Performance

The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 11.09, a P/E/G ratio of 1.16 and a beta of 1.01. 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 firm has a 50-day moving average of $29.55 and a 200-day moving average of $39.88.

Blackbaud (NASDAQ:BLKB) last issued its quarterly earnings results on Wednesday, April 29th. The technology company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.06. The company 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 firm’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.96 EPS. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. As a group, sell-side analysts predict that Blackbaud, Inc. will post 3.57 earnings per share for the current year.

Insider Activity

In other news, CFO Chad Anderson sold 6,205 shares of the firm’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 transaction, the chief financial officer directly owned 62,869 shares in the company, valued at $1,968,428.39. This trade represents a 8.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.01% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Blackbaud

A number of large investors have recently bought and sold shares of BLKB. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Blackbaud by 1.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,434 shares of the technology company’s stock worth $1,454,000 after buying an additional 361 shares during the period. Jones Financial Companies Lllp lifted its stake in Blackbaud by 293.1% during the 1st quarter. Jones Financial Companies Lllp now owns 7,701 shares of the technology company’s stock valued at $478,000 after acquiring an additional 5,742 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Blackbaud by 26.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 229,244 shares of the technology company’s stock valued at $14,225,000 after acquiring an additional 47,549 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Blackbaud by 4.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 101,751 shares of the technology company’s stock valued at $6,314,000 after acquiring an additional 4,178 shares during the last quarter. Finally, Jane Street Group LLC increased its stake in shares of Blackbaud by 886.2% in the first quarter. Jane Street Group LLC now owns 159,729 shares of the technology company’s stock worth $9,911,000 after acquiring an additional 143,533 shares during the period. Hedge funds and other institutional investors own 94.21% of the company’s stock.

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.