Blackbaud (NASDAQ:BLKB) Sets New 1-Year Low – Here’s What Happened

Blackbaud, Inc. (NASDAQ:BLKB) shares hit a new 52-week low on Monday . The stock traded as low as $42.81 and last traded at $43.3920, with a volume of 165943 shares. The stock had previously closed at $44.14.

Analyst Ratings Changes

Several brokerages have commented on BLKB. Weiss Ratings reissued a “sell (d)” rating on shares of Blackbaud in a research report on Wednesday, January 21st. Zacks Research upgraded Blackbaud from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 13th. Robert W. Baird set a $60.00 target price on Blackbaud in a report on Wednesday, February 11th. Evercore set a $55.00 price target on Blackbaud in a report on Wednesday, February 11th. Finally, Raymond James Financial set a $60.00 price objective on Blackbaud in a research note on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $56.25.

Blackbaud Price Performance

The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of 17.25, a price-to-earnings-growth ratio of 1.50 and a beta of 1.11. The stock’s fifty day moving average price is $49.36 and its two-hundred day moving average price is $58.02. 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 (NASDAQ:BLKB) last issued its earnings results on Tuesday, February 10th. The technology company reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.04. The firm had revenue of $295.26 million during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.08 earnings per share. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. Equities research analysts expect that Blackbaud, Inc. will post 3.05 EPS for the current year.

Insider Transactions at Blackbaud

In related news, EVP Kevin Mcdearis sold 15,462 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $46.43, for a total transaction of $717,900.66. Following the completion of the sale, the executive vice president owned 91,756 shares in the company, valued at $4,260,231.08. The trade was a 14.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kevin P. Gregoire sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $50.02, for a total value of $100,040.00. Following the completion of the transaction, the executive vice president directly owned 135,194 shares of the company’s stock, valued at $6,762,403.88. This trade represents a 1.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 39,801 shares of company stock valued at $1,893,874. 1.97% of the stock is currently owned by corporate insiders.

Institutional Trading of Blackbaud

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rothschild Investment LLC boosted its holdings in shares of Blackbaud by 589.0% in 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 position in Blackbaud by 4,300.0% in the fourth quarter. TD Private Client Wealth LLC now owns 616 shares of the technology company’s stock valued at $39,000 after acquiring an additional 602 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Blackbaud by 380.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 615 shares of the technology company’s stock valued at $39,000 after acquiring an additional 487 shares during the last quarter. Quarry LP acquired a new position in Blackbaud in the third quarter valued at $46,000. Finally, Kestra Advisory Services LLC purchased a new position in shares of Blackbaud during the fourth quarter worth about $47,000. Institutional investors and hedge funds 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.