Blackbaud (NASDAQ:BLKB) CEO Sells $804,950.00 in Stock

Blackbaud, Inc. (NASDAQ:BLKB) CEO Michael Gianoni sold 17,000 shares of the stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $47.35, for a total transaction of $804,950.00. Following the completion of the transaction, the chief executive officer owned 423,264 shares in the company, valued at $20,041,550.40. This represents a 3.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Blackbaud Trading Up 0.1%

Shares of Blackbaud stock opened at $48.62 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 16.82. The company has a fifty day simple moving average of $37.38 and a 200-day simple moving average of $37.96. The stock has a market cap of $2.21 billion, a price-to-earnings ratio of 15.19, a PEG ratio of 1.67 and a beta of 0.97. Blackbaud, Inc. has a 12-month low of $25.58 and a 12-month high of $70.71.

Blackbaud (NASDAQ:BLKB) last announced its quarterly earnings results on Wednesday, July 29th. The technology company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.23 by $0.10. Blackbaud had a net margin of 13.12% and a return on equity of 197.49%. The firm had revenue of $290.60 million for the quarter, compared to analyst estimates of $292.23 million. During the same period last year, the business earned $1.21 EPS. Blackbaud’s revenue for the quarter was up 3.3% compared to the same quarter last year. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. On average, equities analysts forecast that Blackbaud, Inc. will post 3.71 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Robert W. Baird set a $54.00 price objective on shares of Blackbaud in a research note on Thursday, July 30th. Raymond James Financial reissued an “outperform” rating and set a $55.00 price target on shares of Blackbaud in a report on Wednesday, July 29th. Stifel Nicolaus dropped their price target on Blackbaud from $45.00 to $30.00 and set a “hold” rating on the stock in a research report on Friday, July 10th. Finally, Weiss Ratings raised Blackbaud from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, August 6th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Blackbaud has a consensus rating of “Hold” and a consensus price target of $48.50.

Institutional Trading of Blackbaud

Several hedge funds have recently made changes to their positions in BLKB. BlackRock Inc. acquired a new stake in Blackbaud in the second quarter valued at about $177,153,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Blackbaud by 143,409.7% during the 4th 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. Jupiter Topco LLC acquired a new position in Blackbaud during the second quarter worth $47,145,000. Janus Henderson Group PLC grew its holdings in Blackbaud by 3.9% in the first quarter. Janus Henderson Group PLC now owns 1,555,833 shares of the technology company’s stock valued at $60,071,000 after purchasing an additional 58,806 shares during the last quarter. Finally, California State Teachers Retirement System increased its position in shares of Blackbaud by 2,325.2% in the second quarter. California State Teachers Retirement System now owns 1,154,143 shares of the technology company’s stock valued at $34,186,000 after buying an additional 1,106,554 shares in the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

About Blackbaud

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.