Blackbaud (NASDAQ:BLKB) EVP Kevin Gregoire Sells 2,000 Shares of Stock

Blackbaud, Inc. (NASDAQ:BLKB) EVP Kevin Gregoire sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $50.02, for a total value of $100,040.00. Following the transaction, the executive vice president directly owned 135,194 shares in the company, valued at $6,762,403.88. The trade was a 1.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Blackbaud Stock Performance

Blackbaud stock traded down $1.14 during mid-day trading on Friday, hitting $48.16. 515,494 shares of the company’s stock traded hands, compared to its average volume of 610,140. 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 firm has a 50 day simple moving average of $53.62 and a two-hundred day simple moving average of $59.94. Blackbaud, Inc. has a fifty-two week low of $45.71 and a fifty-two week high of $74.88. The stock has a market cap of $2.21 billion, a price-to-earnings ratio of 20.24, a P/E/G ratio of 1.70 and a beta of 1.11.

Blackbaud (NASDAQ:BLKB) last issued its quarterly earnings data 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. The company had revenue of $295.26 million for the quarter, compared to analyst estimates of $292.71 million. Blackbaud had a net margin of 10.19% and a return on equity of 175.57%. The company’s revenue was down 2.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.08 earnings per share. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. On average, research analysts expect that Blackbaud, Inc. will post 3.05 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on BLKB. Weiss Ratings restated a “sell (d)” rating on shares of Blackbaud in a research report on Wednesday, January 21st. Robert W. Baird set a $60.00 price target on Blackbaud in a report on Wednesday, February 11th. Zacks Research raised shares of Blackbaud from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 13th. Stifel Nicolaus set a $50.00 price target on shares of Blackbaud in a research note on Tuesday, February 10th. Finally, Evercore set a $55.00 price objective on shares of Blackbaud in a research note on Wednesday, February 11th. 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 company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $56.25.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in BLKB. Amicus Financial Advisors LLC bought a new stake in shares of Blackbaud during the 4th quarter worth $1,114,000. Pacer Advisors Inc. raised its stake in Blackbaud by 23.9% in the fourth quarter. Pacer Advisors Inc. now owns 6,133 shares of the technology company’s stock valued at $388,000 after purchasing an additional 1,183 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Blackbaud by 2.4% in the 4th quarter. Invesco Ltd. now owns 106,070 shares of the technology company’s stock worth $6,716,000 after purchasing an additional 2,465 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in shares of Blackbaud by 26.3% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 6,583 shares of the technology company’s stock valued at $417,000 after purchasing an additional 1,369 shares in the last quarter. Finally, EP Wealth Advisors LLC bought a new position in Blackbaud during the 4th quarter worth approximately $252,000. Institutional investors own 94.21% of the company’s stock.

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.