Key Points
- EVP David Benjamin sold 7,990 shares of Blackbaud at an average price of $49.41 on Feb. 18, totaling $394,785.90 and reducing his stake by 7.83% to 94,003 shares, as disclosed in an SEC Form 4.
- Blackbaud reported an EPS beat of $1.19 versus the $1.15 estimate and revenue of $295.26M, and set FY2026 guidance of 5.150–5.250 EPS.
- Shares trade around $49.13 (52-week range $45.71–$74.88) while analysts have a consensus "Hold" rating with a $56.25 average price target.
Blackbaud, Inc. (NASDAQ:BLKB - Get Free Report) EVP David Benjamin sold 7,990 shares of the company's stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $49.41, for a total transaction of $394,785.90. Following the transaction, the executive vice president owned 94,003 shares of the company's stock, valued at $4,644,688.23. This represents a 7.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Blackbaud Trading Down 0.4%
Shares of NASDAQ:BLKB opened at $49.13 on Friday. The company has a market cap of $2.26 billion, a PE ratio of 20.64, a P/E/G ratio of 1.70 and a beta of 1.10. The company's 50-day moving average price is $56.59 and its 200 day moving average price is $60.96. Blackbaud, Inc. has a fifty-two week low of $45.71 and a fifty-two week high of $74.88. The company has a quick ratio of 0.69, a current ratio of 0.79 and a debt-to-equity ratio of 12.78.
Blackbaud (NASDAQ:BLKB - Get Free Report) last posted its earnings results on Tuesday, February 10th. The technology company reported $1.19 EPS for the quarter, topping the consensus estimate of $1.15 by $0.04. Blackbaud had a net margin of 10.19% and a return on equity of 175.57%. The firm had revenue of $295.26 million during the quarter, compared to analysts' expectations of $292.71 million. During the same quarter in the prior year, the firm earned $1.08 EPS. Blackbaud's quarterly revenue was down 2.3% on a year-over-year basis. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. Sell-side analysts anticipate that Blackbaud, Inc. will post 3.05 earnings per share for the current year.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the company. Trust Point Inc. grew its holdings in Blackbaud by 3.2% during the fourth quarter. Trust Point Inc. now owns 6,014 shares of the technology company's stock worth $381,000 after acquiring an additional 184 shares during the period. Glenmede Investment Management LP boosted its position in shares of Blackbaud by 2.1% during the 3rd quarter. Glenmede Investment Management LP now owns 10,492 shares of the technology company's stock valued at $675,000 after purchasing an additional 215 shares in the last quarter. AXQ Capital LP grew its stake in shares of Blackbaud by 3.0% in the 4th quarter. AXQ Capital LP now owns 8,307 shares of the technology company's stock worth $526,000 after purchasing an additional 243 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Blackbaud by 46.6% in the 3rd quarter. GAMMA Investing LLC now owns 777 shares of the technology company's stock worth $50,000 after purchasing an additional 247 shares in the last quarter. Finally, Comerica Bank raised its holdings in shares of Blackbaud by 1.0% in the 4th quarter. Comerica Bank now owns 24,847 shares of the technology company's stock worth $1,573,000 after purchasing an additional 255 shares in the last quarter. Institutional investors own 94.21% of the company's stock.
Wall Street Analyst Weigh In
BLKB has been the topic of several recent analyst reports. Stifel Nicolaus set a $50.00 target price on Blackbaud in a research note on Tuesday, February 10th. Evercore set a $55.00 price target on Blackbaud in a report on Wednesday, February 11th. Robert W. Baird set a $60.00 price objective on shares of Blackbaud in a report on Wednesday, February 11th. Raymond James Financial set a $60.00 target price on shares of Blackbaud in a research report on Tuesday, February 10th. Finally, Wall Street Zen upgraded shares of Blackbaud from a "hold" rating to a "buy" rating in a research report on Sunday, November 9th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Blackbaud presently has a consensus rating of "Hold" and a consensus price target of $56.25.
Read Our Latest Stock Report on BLKB
About Blackbaud
(
Get Free Report)
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.
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