Blackbaud (NASDAQ:BLKB) Director Rupal Hollenbeck Sells 1,600 Shares

Blackbaud, Inc. (NASDAQ:BLKB) Director Rupal Hollenbeck sold 1,600 shares of the stock in a transaction dated 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 owned 6,366 shares of the company’s stock, valued at approximately $359,615.34. The trade was a 20.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Blackbaud Trading Up 2.8%

Blackbaud stock opened at $56.41 on Wednesday. The business has a 50 day moving average price of $62.50 and a two-hundred day moving average price of $63.73. The company has a quick ratio of 0.84, a current ratio of 0.69 and a debt-to-equity ratio of 9.63. Blackbaud, Inc. has a 12 month low of $54.56 and a 12 month high of $87.62. The stock has a market cap of $2.70 billion, a price-to-earnings ratio of -10.85, a price-to-earnings-growth ratio of 4.75 and a beta of 1.08.

Blackbaud (NASDAQ:BLKB) last released its quarterly earnings data on Monday, March 4th. The technology company reported $0.68 earnings per share (EPS) for the quarter. The business had revenue of $274.76 million for the quarter. Blackbaud had a positive return on equity of 137.13% and a negative net margin of 22.57%. As a group, equities analysts forecast that Blackbaud, Inc. will post 3.05 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on BLKB. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Blackbaud in a research note on Wednesday, October 8th. Wall Street Zen raised 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 report on Wednesday, October 29th. Finally, Zacks Research upgraded shares of Blackbaud from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. One 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 stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $73.00.

Hedge Funds Weigh In On Blackbaud

Several hedge funds have recently added to or reduced their stakes in BLKB. SG Capital Management LLC acquired a new stake in shares of Blackbaud during the 2nd quarter worth approximately $4,381,000. AGF Management Ltd. bought a new position in Blackbaud in the second quarter valued at approximately $3,121,000. Y Intercept Hong Kong Ltd grew its holdings in Blackbaud by 262.9% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 16,421 shares of the technology company’s stock worth $1,054,000 after acquiring an additional 11,896 shares during the period. Triodos Investment Management BV raised its position in shares of Blackbaud by 17.6% during the 2nd quarter. Triodos Investment Management BV now owns 50,000 shares of the technology company’s stock valued at $3,210,000 after acquiring an additional 7,500 shares during the last quarter. Finally, Credit Industriel ET Commercial lifted its stake in shares of Blackbaud by 21.1% in the 2nd quarter. Credit Industriel ET Commercial now owns 33,112 shares of the technology company’s stock valued at $2,126,000 after purchasing an additional 5,780 shares during the period. Institutional investors own 94.21% of the company’s stock.

Blackbaud Company Profile

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.