Key Points
- Blackbaud CFO Chad Anderson sold 6,205 shares for about $194,279 at an average price of $31.31, reducing his position by 8.98%. The transaction was made under a pre-arranged Rule 10b5-1 trading plan.
- Blackbaud shares were trading lower, opening at $28.11 and sitting near the bottom of their 52-week range ($27.60 to $74.88). The stock also remained well below its 50-day and 200-day moving averages.
- The company recently beat quarterly EPS and revenue estimates, reporting $1.14 EPS on revenue of $281.14 million, and it issued FY2026 guidance of $5.15 to $5.25 EPS. Analysts currently rate the stock a Hold on average.
Blackbaud, Inc. (NASDAQ:BLKB - Get Free Report) CFO Chad Anderson sold 6,205 shares of the business's stock in a transaction on Monday, June 1st. The stock was sold at an average price of $31.31, for a total transaction of $194,278.55. Following the completion of the sale, the chief financial officer owned 62,869 shares in the company, valued at approximately $1,968,428.39. The trade was a 8.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Blackbaud Trading Down 7.6%
Shares of Blackbaud stock opened at $28.11 on Thursday. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 9.53, a PEG ratio of 1.08 and a beta of 1.02. The business has a 50-day moving average price of $35.29 and a 200-day moving average price of $47.98. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 33.66. Blackbaud, Inc. has a twelve month low of $27.60 and a twelve month high of $74.88.
Blackbaud (NASDAQ:BLKB - Get Free Report) last posted its earnings results on Wednesday, April 29th. The technology company reported $1.14 EPS for the quarter, topping analysts' consensus estimates of $1.08 by $0.06. Blackbaud had a return on equity of 176.76% and a net margin of 12.41%.The company had revenue of $281.14 million for the quarter, compared to the consensus estimate of $279.81 million. During the same period in the previous year, the business earned $0.96 earnings per share. The firm's revenue for the quarter was up 4.2% on a year-over-year basis. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. Equities research analysts anticipate that Blackbaud, Inc. will post 3.57 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of research analysts have recently commented on the company. Raymond James Financial set a $60.00 target price on Blackbaud in a research report on Tuesday, February 10th. Weiss Ratings upgraded shares of Blackbaud from a "sell (d)" rating to a "sell (d+)" rating in a research report on Monday, May 4th. Evercore set a $55.00 price target on shares of Blackbaud in a research report on Wednesday, February 11th. Stifel Nicolaus decreased their price target on shares of Blackbaud from $50.00 to $45.00 and set a "hold" rating on the stock in a research note on Tuesday, April 28th. Finally, Zacks Research lowered shares of Blackbaud from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 13th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Blackbaud presently has an average rating of "Hold" and an average target price of $52.50.
Check Out Our Latest Analysis on BLKB
Hedge Funds Weigh In On Blackbaud
Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in Blackbaud by 14.7% during the third quarter. Vanguard Group Inc. now owns 5,516,432 shares of the technology company's stock worth $354,762,000 after buying an additional 706,695 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of Blackbaud by 143,409.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,207,179 shares of the technology company's stock valued at $139,759,000 after acquiring an additional 2,205,641 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Blackbaud by 3.9% in the 1st quarter. Janus Henderson Group PLC now owns 1,555,833 shares of the technology company's stock worth $60,071,000 after acquiring an additional 58,806 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Blackbaud by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 975,085 shares of the technology company's stock worth $61,743,000 after purchasing an additional 5,709 shares during the period. Finally, Greenhouse Funds LLLP boosted its stake in shares of Blackbaud by 13.7% during the 3rd quarter. Greenhouse Funds LLLP now owns 802,904 shares of the technology company's stock worth $51,635,000 after purchasing an additional 96,457 shares during the period. Institutional investors own 94.21% of the company's stock.
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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