Blackbaud (NASDAQ:BLKB) CFO Sells $95,120.00 in Stock

Blackbaud, Inc. (NASDAQ:BLKB) CFO Chad Anderson sold 2,000 shares of the stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $47.56, for a total value of $95,120.00. Following the transaction, the chief financial officer directly owned 59,883 shares in the company, valued at $2,848,035.48. The trade was a 3.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Blackbaud Stock Performance

BLKB stock opened at $47.10 on Friday. Blackbaud, Inc. has a 1-year low of $25.58 and a 1-year high of $70.71. The business has a 50-day moving average price of $39.41 and a 200 day moving average price of $37.93. The company has a market capitalization of $2.14 billion, a P/E ratio of 14.72, a PEG ratio of 1.66 and a beta of 0.99. The company has a debt-to-equity ratio of 16.82, a current ratio of 0.83 and a quick ratio of 0.83.

Blackbaud (NASDAQ:BLKB) last announced its earnings results on Wednesday, July 29th. The technology company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.10. Blackbaud had a return on equity of 197.49% and a net margin of 13.12%.The business had revenue of $290.60 million for the quarter, compared to analysts’ expectations of $292.23 million. During the same quarter last year, the firm earned $1.21 EPS. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. As a group, equities research analysts forecast that Blackbaud, Inc. will post 3.71 EPS for the current fiscal year.

Institutional Inflows and Outflows

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

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Stifel Nicolaus lowered their price target on Blackbaud from $45.00 to $30.00 and set a “hold” rating for the company in a research report on Friday, July 10th. Raymond James Financial restated an “outperform” rating and issued a $55.00 price objective on shares of Blackbaud in a research note on Wednesday, July 29th. Weiss Ratings raised Blackbaud from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, August 6th. Finally, Robert W. Baird set a $54.00 target price on Blackbaud in a research report on Thursday, July 30th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $48.50.

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.