Blackbaud, Inc. $BLKB Shares Bought by Clearline Capital LP

Clearline Capital LP boosted its holdings in shares of Blackbaud, Inc. (NASDAQ:BLKB) by 20.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 385,281 shares of the technology company’s stock after buying an additional 66,688 shares during the quarter. Blackbaud makes up about 1.2% of Clearline Capital LP’s holdings, making the stock its 18th biggest holding. Clearline Capital LP’s holdings in Blackbaud were worth $24,396,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rothschild Investment LLC increased its stake 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 acquiring an additional 483 shares during the last quarter. TD Private Client Wealth LLC increased its stake 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 worth $39,000 after acquiring an additional 602 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake 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 acquiring an additional 487 shares during the last quarter. Quarry LP acquired a new stake in Blackbaud during the third quarter worth $46,000. Finally, Kestra Advisory Services LLC acquired a new stake in Blackbaud during the fourth quarter worth $47,000. Institutional investors and hedge funds own 94.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on BLKB shares. Zacks Research cut Blackbaud from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Robert W. Baird raised Blackbaud from a “neutral” rating to an “outperform” rating and cut their target price for the stock from $60.00 to $50.00 in a research note on Thursday, April 30th. Weiss Ratings lowered Blackbaud from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday. Finally, Stifel Nicolaus lowered their price target on Blackbaud from $50.00 to $45.00 and set a “hold” rating for the company in a research report on Tuesday, April 28th. 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.com, the company currently has an average rating of “Hold” and an average price target of $52.50.

Insider Transactions at Blackbaud

In related news, CFO Chad Anderson sold 6,205 shares of Blackbaud stock in a transaction on 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 approximately $1,968,428.39. This trade represents a 8.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.97% of the company’s stock.

Blackbaud Trading Down 4.4%

BLKB opened at $26.77 on Thursday. Blackbaud, Inc. has a 52 week low of $26.52 and a 52 week high of $74.88. The business has a fifty day simple moving average of $33.13 and a 200-day simple moving average of $45.91. The firm has a market cap of $1.23 billion, a P/E ratio of 9.07, a P/E/G ratio of 1.00 and a beta of 1.02. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 33.66.

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

About Blackbaud

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.