Key Points
- Director Rupal Hollenbeck sold 1,600 Blackbaud shares on Nov. 21 at an average price of $56.49 for $90,384, cutting her holdings by 20.09% to 6,366 shares.
- Stock snapshot: Blackbaud has a market cap of $2.70 billion, a negative P/E of -10.85, 50/200-day moving averages of $62.50/$63.73, and a 12-month range of $54.56–$87.62.
- Analyst/ownership picture: ratings are mixed (one Strong Buy, two Hold, one Sell) with a consensus "Hold" and $73 price target, and institutions own about 94.21% of the shares.
Blackbaud, Inc. (NASDAQ:BLKB - Get Free Report) Director Rupal Hollenbeck sold 1,600 shares of the company's stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $56.49, for a total transaction of $90,384.00. Following the completion of the sale, the director directly owned 6,366 shares of the company's stock, valued at $359,615.34. The trade was a 20.09% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Blackbaud Stock Performance
BLKB opened at $56.41 on Wednesday. The company has a current ratio of 0.69, a quick ratio of 0.84 and a debt-to-equity ratio of 9.63. The company has a market cap of $2.70 billion, a price-to-earnings ratio of -10.85, a PEG ratio of 4.75 and a beta of 1.08. The company's 50 day moving average is $62.50 and its 200 day moving average is $63.73. Blackbaud, Inc. has a 12-month low of $54.56 and a 12-month high of $87.62.
Blackbaud (NASDAQ:BLKB - Get Free Report) last released its quarterly earnings data on Monday, March 4th. The technology company reported $0.68 EPS for the quarter. Blackbaud had a positive return on equity of 137.13% and a negative net margin of 22.57%.The business had revenue of $274.76 million during the quarter. On average, equities research analysts predict that Blackbaud, Inc. will post 3.05 EPS for the current year.
Institutional Trading of Blackbaud
Several hedge funds have recently made changes to their positions in BLKB. CWM LLC increased its holdings in Blackbaud by 215.9% in the 2nd quarter. CWM LLC now owns 458 shares of the technology company's stock worth $29,000 after acquiring an additional 313 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of Blackbaud during the 2nd quarter valued at approximately $33,000. Parallel Advisors LLC bought a new position in Blackbaud in the 2nd quarter worth approximately $44,000. Quarry LP purchased a new position in Blackbaud in the 3rd quarter valued at approximately $46,000. Finally, GAMMA Investing LLC raised its holdings in Blackbaud by 46.6% during the 3rd quarter. GAMMA Investing LLC now owns 777 shares of the technology company's stock valued at $50,000 after acquiring an additional 247 shares during the period. 94.21% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on BLKB. Wall Street Zen raised shares of Blackbaud from a "hold" rating to a "buy" rating in a report on Sunday, November 9th. Stifel Nicolaus set a $70.00 target price on shares of Blackbaud in a research report on Wednesday, October 29th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Blackbaud in a report on Wednesday, October 8th. Finally, Zacks Research raised Blackbaud from a "hold" rating to a "strong-buy" rating in a research report on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $73.00.
Read Our Latest Analysis on Blackbaud
Blackbaud Company Profile
(
Get Free Report)
Blackbaud, Inc provides cloud software solutions to nonprofits, foundations, education institutions, and healthcare organizations in the United States and internationally. The company offers fundraising and engagement solutions, such as Blackbaud Raiser's Edge NXT, Blackbaud CRM, Blackbaud eTapestry, Blackbaud Luminate Online, Blackbaud TeamRaiser, JustGiving, Blackbaud Fundraiser Performance Management, Blackbaud Guided Fundraising, and Blackbaud Altru; and financial management solutions comprising Blackbaud Financial Edge NXT, Blackbaud Tuition Management, and Blackbaud Financial Aid and Billing Management.
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