Key Points
- EVP David Benjamin sold 14,349 shares on Feb. 24 at an average of $47.47 for about $681,147, trimming his stake by 16.4% to 73,124 shares, per an SEC filing.
- Blackbaud beat the quarter with $1.19 EPS versus $1.15 expected and revenue of $295.3M (slightly above estimates) despite revenue falling 2.3% YoY, and it set FY2026 guidance of EPS 5.150–5.250.
- The stock traded at $48.48, below its 50‑day ($55.65) and 200‑day ($60.58) moving averages, has a $2.23B market cap and 94.21% institutional ownership, and carries a consensus analyst rating of Hold with a $56.25 target.
Blackbaud, Inc. (NASDAQ:BLKB - Get Free Report) EVP David Benjamin sold 14,349 shares of Blackbaud stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $47.47, for a total value of $681,147.03. Following the completion of the transaction, the executive vice president owned 73,124 shares in the company, valued at approximately $3,471,196.28. The trade was a 16.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Blackbaud Price Performance
Shares of BLKB stock traded up $0.64 on Thursday, hitting $48.48. 81,382 shares of the company's stock were exchanged, compared to its average volume of 473,520. The company has a 50 day moving average of $55.65 and a 200 day moving average of $60.58. The stock has a market cap of $2.23 billion, a P/E ratio of 20.47, a price-to-earnings-growth ratio of 1.63 and a beta of 1.10. The company has a debt-to-equity ratio of 12.78, a current ratio of 0.79 and a quick ratio of 0.79. Blackbaud, Inc. has a 12 month low of $45.71 and a 12 month high of $74.88.
Blackbaud (NASDAQ:BLKB - Get Free Report) last issued 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. The firm had revenue of $295.26 million during the quarter, compared to the consensus estimate of $292.71 million. Blackbaud had a return on equity of 175.57% and a net margin of 10.19%.The business's quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.08 earnings per share. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. On average, equities research analysts predict that Blackbaud, Inc. will post 3.05 EPS for the current year.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the stock. Trust Point Inc. grew its holdings in Blackbaud by 3.2% during the 4th quarter. Trust Point Inc. now owns 6,014 shares of the technology company's stock valued at $381,000 after buying an additional 184 shares in the last quarter. Glenmede Investment Management LP boosted its position in shares of Blackbaud by 2.1% in the third quarter. Glenmede Investment Management LP now owns 10,492 shares of the technology company's stock valued at $675,000 after acquiring an additional 215 shares during the period. AXQ Capital LP grew its stake in Blackbaud by 3.0% during the fourth quarter. AXQ Capital LP now owns 8,307 shares of the technology company's stock valued at $526,000 after acquiring an additional 243 shares in the last quarter. GAMMA Investing LLC increased its holdings in Blackbaud by 46.6% during the 3rd quarter. GAMMA Investing LLC now owns 777 shares of the technology company's stock worth $50,000 after acquiring an additional 247 shares during the period. Finally, Comerica Bank lifted its stake in 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. 94.21% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of analysts have weighed in on the stock. Evercore set a $55.00 target price on shares of Blackbaud in a research report on Wednesday, February 11th. Wall Street Zen upgraded Blackbaud from a "hold" rating to a "buy" rating in a research note on Sunday, November 9th. Stifel Nicolaus set a $50.00 price objective on Blackbaud in a report on Tuesday, February 10th. Weiss Ratings restated a "sell (d)" rating on shares of Blackbaud in a research report on Wednesday, January 21st. Finally, Robert W. Baird set a $60.00 target price on Blackbaud in a research report on Wednesday, February 11th. One investment 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 MarketBeat.com, Blackbaud currently has a consensus rating of "Hold" and a consensus price target of $56.25.
Read Our Latest Report on Blackbaud
Blackbaud Company Profile
(
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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