Blackbaud (NASDAQ:BLKB) EVP Kevin Mcdearis Sells 15,462 Shares of Stock

Blackbaud, Inc. (NASDAQ:BLKB) EVP Kevin Mcdearis sold 15,462 shares of the stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $46.43, for a total transaction of $717,900.66. Following the completion of the transaction, the executive vice president owned 91,756 shares in the company, valued at $4,260,231.08. This represents a 14.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Blackbaud Trading Up 1.3%

BLKB traded up $0.64 during mid-day trading on Thursday, hitting $48.48. The stock had a trading volume of 81,382 shares, compared to its average volume of 473,520. Blackbaud, Inc. has a 1-year low of $45.71 and a 1-year high of $74.88. The firm has a market capitalization of $2.23 billion, a price-to-earnings 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. The stock’s fifty day simple moving average is $55.65 and its 200-day simple moving average is $60.58.

Blackbaud (NASDAQ:BLKB) last issued its quarterly earnings data on Tuesday, February 10th. The technology company reported $1.19 earnings per share (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 company had revenue of $295.26 million during the quarter, compared to the consensus estimate of $292.71 million. During the same quarter in the prior year, the firm earned $1.08 earnings per share. The firm’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, research analysts forecast that Blackbaud, Inc. will post 3.05 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Zacks Research upgraded Blackbaud from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 13th. Raymond James Financial set a $60.00 price objective on shares of Blackbaud in a report on Tuesday, February 10th. Stifel Nicolaus set a $50.00 target price on shares of Blackbaud in a report on Tuesday, February 10th. Robert W. Baird set a $60.00 price target on Blackbaud in a research report on Wednesday, February 11th. Finally, Evercore set a $55.00 target price on shares of Blackbaud in a report on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Blackbaud presently has an average rating of “Hold” and a consensus price target of $56.25.

Institutional Trading of Blackbaud

Hedge funds have recently made changes to their positions in the company. CWM LLC grew its position in Blackbaud by 215.9% in the 2nd quarter. CWM LLC now owns 458 shares of the technology company’s stock worth $29,000 after purchasing an additional 313 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in Blackbaud in the second quarter valued at $33,000. Rothschild Investment LLC raised its holdings in shares of Blackbaud by 589.0% during the 4th quarter. Rothschild Investment LLC now owns 565 shares of the technology company’s stock valued at $36,000 after buying an additional 483 shares in the last quarter. TD Private Client Wealth LLC lifted its holdings in shares of Blackbaud by 4,300.0% in the 4th quarter. TD Private Client Wealth LLC now owns 616 shares of the technology company’s stock worth $39,000 after acquiring an additional 602 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Blackbaud by 380.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 615 shares of the technology company’s stock valued at $39,000 after purchasing an additional 487 shares during the period. 94.21% of the stock is owned by institutional investors and hedge funds.

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.