Tudor Investment Corp ET AL Takes $10.59 Million Position in Blackbaud, Inc. $BLKB

Tudor Investment Corp ET AL bought a new position in shares of Blackbaud, Inc. (NASDAQ:BLKB) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 164,616 shares of the technology company’s stock, valued at approximately $10,586,000.

Several other hedge funds have also recently modified their holdings of BLKB. CIBC Bancorp USA Inc. purchased a new position in Blackbaud in the 3rd quarter valued at about $263,000. NewEdge Advisors LLC increased its stake in Blackbaud by 7,429.7% during the 3rd quarter. NewEdge Advisors LLC now owns 8,885 shares of the technology company’s stock worth $571,000 after buying an additional 8,767 shares in the last quarter. Woodline Partners LP raised its holdings in shares of Blackbaud by 49.8% during the third quarter. Woodline Partners LP now owns 7,921 shares of the technology company’s stock valued at $509,000 after acquiring an additional 2,635 shares during the last quarter. Dark Forest Capital Management LP raised its holdings in shares of Blackbaud by 11.5% during the third quarter. Dark Forest Capital Management LP now owns 19,219 shares of the technology company’s stock valued at $1,236,000 after acquiring an additional 1,977 shares during the last quarter. Finally, PharVision Advisers LLC purchased a new position in shares of Blackbaud in the third quarter valued at approximately $279,000. Institutional investors and hedge funds own 94.21% of the company’s stock.

Blackbaud Stock Performance

Shares of Blackbaud stock opened at $38.03 on Monday. 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 50 day simple moving average is $46.51 and its 200-day simple moving average is $56.29. The stock has a market cap of $1.75 billion, a P/E ratio of 15.98, a P/E/G ratio of 1.31 and a beta of 1.18. Blackbaud, Inc. has a 1-year low of $36.10 and a 1-year high of $74.88.

Blackbaud (NASDAQ:BLKB) last posted its quarterly earnings results on Tuesday, February 10th. The technology company reported $1.19 EPS 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 during the quarter, compared to analysts’ expectations of $292.71 million. During the same quarter last year, the firm earned $1.08 earnings per share. The business’s revenue for the quarter was down 2.3% on a year-over-year basis. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. Analysts predict that Blackbaud, Inc. will post 3.05 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on BLKB shares. Stifel Nicolaus set a $50.00 price target on Blackbaud in a research note on Tuesday, February 10th. Evercore set a $55.00 price objective on Blackbaud in a research note on Wednesday, February 11th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Blackbaud in a research note on Wednesday, January 21st. Robert W. Baird set a $60.00 target price on shares of Blackbaud in a report on Wednesday, February 11th. Finally, Zacks Research raised shares of Blackbaud from a “hold” rating to a “strong-buy” rating in a report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $56.25.

Insiders Place Their Bets

In other news, EVP Kevin Mcdearis sold 15,462 shares of the business’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $46.43, for a total transaction of $717,900.66. Following the transaction, the executive vice president owned 91,756 shares of the company’s stock, valued at approximately $4,260,231.08. The trade was a 14.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Kevin P. Gregoire sold 2,000 shares of the company’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $50.02, for a total transaction of $100,040.00. Following the completion of the sale, the executive vice president directly owned 135,194 shares of the company’s stock, valued at $6,762,403.88. This represents a 1.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 39,801 shares of company stock valued at $1,893,874 in the last three months. 1.97% of the stock is currently owned by insiders.

Blackbaud 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.