Blackbaud, Inc. $BLKB Stock Holdings Increased by Clearline Capital LP

Clearline Capital LP grew its holdings in shares of Blackbaud, Inc. (NASDAQ:BLKB) by 3.8% in the third quarter, according to its most recent filing with the SEC. The firm owned 318,593 shares of the technology company’s stock after acquiring an additional 11,557 shares during the quarter. Blackbaud comprises approximately 0.9% of Clearline Capital LP’s holdings, making the stock its 17th largest position. Clearline Capital LP owned approximately 0.67% of Blackbaud worth $20,489,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Jackson Creek Investment Advisors LLC bought a new position in Blackbaud in the 3rd quarter valued at about $1,287,000. Vanguard Group Inc. raised its position in shares of Blackbaud by 14.7% during the 3rd quarter. Vanguard Group Inc. now owns 5,516,432 shares of the technology company’s stock worth $354,762,000 after buying an additional 706,695 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Blackbaud in the 3rd quarter worth approximately $2,356,000. Greenhouse Funds LLLP lifted its stake in shares of Blackbaud by 13.7% in the 3rd quarter. Greenhouse Funds LLLP now owns 802,904 shares of the technology company’s stock worth $51,635,000 after acquiring an additional 96,457 shares during the period. Finally, SG Capital Management LLC bought a new position in shares of Blackbaud in the second quarter valued at approximately $4,381,000. 94.21% of the stock is owned by institutional investors and hedge funds.

Blackbaud Stock Down 1.4%

NASDAQ:BLKB opened at $44.03 on Friday. The business’s fifty day moving average price is $51.87 and its 200 day moving average price is $59.20. The firm has a market capitalization of $2.02 billion, a price-to-earnings ratio of 18.50, a PEG ratio of 1.52 and a beta of 1.11. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 12.78. Blackbaud, Inc. has a 1-year low of $43.30 and a 1-year high of $74.88.

Blackbaud (NASDAQ:BLKB) last announced its quarterly earnings data on Tuesday, February 10th. The technology company reported $1.19 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $292.71 million. During the same period last year, the company posted $1.08 EPS. The business’s quarterly 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. On average, sell-side analysts forecast that Blackbaud, Inc. will post 3.05 earnings per share for the current fiscal year.

Insider Activity at Blackbaud

In related news, EVP David J. Benjamin sold 14,349 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $47.47, for a total value of $681,147.03. Following the transaction, the executive vice president directly owned 73,124 shares of the company’s stock, valued at approximately $3,471,196.28. This trade represents a 16.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kevin P. Gregoire sold 2,000 shares of Blackbaud stock in a transaction that occurred on 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 transaction, the executive vice president directly owned 135,194 shares in the company, valued at approximately $6,762,403.88. This represents a 1.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 39,801 shares of company stock valued at $1,893,874. 1.97% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

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.