David Benjamin Sells 7,990 Shares of Blackbaud (NASDAQ:BLKB) Stock

Blackbaud, Inc. (NASDAQ:BLKB) EVP David Benjamin sold 7,990 shares of Blackbaud stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $49.41, for a total transaction of $394,785.90. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Blackbaud Stock Performance

BLKB stock traded down $0.19 on Friday, hitting $49.13. The company had a trading volume of 894,514 shares, compared to its average volume of 482,150. The company has a current ratio of 0.79, a quick ratio of 0.69 and a debt-to-equity ratio of 12.78. Blackbaud, Inc. has a 12-month low of $45.71 and a 12-month high of $74.88. The stock has a market cap of $2.35 billion, a price-to-earnings ratio of 20.64, a P/E/G ratio of 1.71 and a beta of 1.10. The stock’s 50-day simple moving average is $56.87 and its 200 day simple moving average is $61.07.

Blackbaud (NASDAQ:BLKB) last released its quarterly earnings results on Tuesday, February 10th. The technology company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.04. Blackbaud had a return on equity of 175.57% and a net margin of 10.19%.The firm had revenue of $295.26 million for the quarter, compared to analysts’ expectations of $292.71 million. During the same period in the prior year, the firm earned $1.08 EPS. The company’s revenue was down 2.3% compared to the same quarter last year. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. As a group, equities research analysts expect that Blackbaud, Inc. will post 3.05 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Zacks Research raised shares of Blackbaud from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 13th. Raymond James Financial set a $60.00 price target on shares of Blackbaud in a research report on Tuesday, February 10th. Wall Street Zen upgraded shares of 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 research note on Tuesday, February 10th. Finally, Robert W. Baird set a $60.00 target price on Blackbaud in a research report on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Blackbaud currently has a consensus rating of “Hold” and a consensus price target of $56.25.

Institutional Investors Weigh In On Blackbaud

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of Blackbaud by 14.7% in the third quarter. Vanguard Group Inc. now owns 5,516,432 shares of the technology company’s stock worth $354,762,000 after acquiring an additional 706,695 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in Blackbaud by 143,409.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,207,179 shares of the technology company’s stock worth $139,759,000 after purchasing an additional 2,205,641 shares in the last quarter. Geneva Capital Management LLC boosted its stake in Blackbaud by 6.6% in the 2nd quarter. Geneva Capital Management LLC now owns 1,221,745 shares of the technology company’s stock worth $78,448,000 after purchasing an additional 75,675 shares during the period. Dimensional Fund Advisors LP boosted its stake in Blackbaud by 0.6% in 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 grew its holdings in Blackbaud by 13.7% during the 3rd quarter. Greenhouse Funds LLLP now owns 802,904 shares of the technology company’s stock valued at $51,635,000 after buying an additional 96,457 shares in the last quarter. 94.21% of the stock is owned by institutional investors.

Blackbaud Company Profile

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.