Blackbaud (NASDAQ:BLKB) Trading Down 7.4% – Here’s What Happened

Blackbaud, Inc. (NASDAQ:BLKB) shares fell 7.4% on Monday . The company traded as low as $35.32 and last traded at $34.7220. 63,329 shares were traded during mid-day trading, a decline of 88% from the average session volume of 535,245 shares. The stock had previously closed at $37.50.

Analyst Ratings Changes

A number of research firms recently weighed in on BLKB. Weiss Ratings upgraded Blackbaud from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Zacks Research cut Blackbaud from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Stifel Nicolaus dropped their price target on Blackbaud from $50.00 to $45.00 and set a “hold” rating on the stock in a research note on Tuesday, April 28th. Evercore set a $55.00 price target on Blackbaud in a research note on Wednesday, February 11th. Finally, Raymond James Financial set a $60.00 price target on Blackbaud in a research note on Tuesday, February 10th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $52.50.

Blackbaud Stock Down 3.5%

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 stock has a market cap of $1.44 billion, a P/E ratio of 11.12, a PEG ratio of 1.16 and a beta of 1.09. The firm has a 50-day simple moving average of $40.24 and a two-hundred day simple moving average of $51.54.

Blackbaud (NASDAQ:BLKB) last posted its quarterly earnings data on Wednesday, April 29th. The technology company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.06. The firm had revenue of $281.14 million for 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 company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.96 EPS. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. Equities research analysts expect that Blackbaud, Inc. will post 3.57 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Blackbaud news, EVP David J. Benjamin sold 14,349 shares of the stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $47.47, for a total transaction of $681,147.03. Following the transaction, the executive vice president owned 73,124 shares in the company, valued at $3,471,196.28. This trade represents a 16.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kevin P. Gregoire sold 2,000 shares of the stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $50.02, for a total value of $100,040.00. Following the sale, the executive vice president directly owned 135,194 shares in the company, valued at approximately $6,762,403.88. This trade represents a 1.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 39,801 shares of company stock worth $1,893,874 in the last 90 days. Company insiders own 1.97% of the company’s stock.

Institutional Trading of Blackbaud

Large investors have recently modified their holdings of the stock. Parallel Advisors LLC grew its holdings in shares of Blackbaud by 528.0% during the 1st quarter. Parallel Advisors LLC now owns 785 shares of the technology company’s stock worth $30,000 after purchasing an additional 660 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Blackbaud by 44.3% during the 1st quarter. Blue Trust Inc. now owns 867 shares of the technology company’s stock worth $33,000 after purchasing an additional 266 shares in the last quarter. Rothschild Investment LLC grew its holdings in shares of Blackbaud by 589.0% during the 4th quarter. Rothschild Investment LLC now owns 565 shares of the technology company’s stock worth $36,000 after purchasing an additional 483 shares in the last quarter. TD Private Client Wealth LLC grew its holdings in shares of Blackbaud by 4,300.0% during the 4th quarter. TD Private Client Wealth LLC now owns 616 shares of the technology company’s stock worth $39,000 after purchasing an additional 602 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Blackbaud by 380.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 615 shares of the technology company’s stock worth $39,000 after purchasing an additional 487 shares in the last quarter. 94.21% of the stock is owned by institutional investors and hedge funds.

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.