Blackbaud (NASDAQ:BLKB) Trading Down 4.6% – Here’s Why

Shares of Blackbaud, Inc. (NASDAQ:BLKB) traded down 4.6% on Thursday . The stock traded as low as $27.08 and last traded at $27.04. 61,507 shares changed hands during mid-day trading, a decline of 89% from the average session volume of 574,070 shares. The stock had previously closed at $28.34.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BLKB. Weiss Ratings raised Blackbaud from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Zacks Research downgraded shares of Blackbaud from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Robert W. Baird upgraded shares of Blackbaud from a “neutral” rating to an “outperform” rating and reduced their price target for the company from $60.00 to $50.00 in a research report on Thursday, April 30th. Finally, Stifel Nicolaus decreased their price objective on shares of Blackbaud from $50.00 to $45.00 and set a “hold” rating for the company in a report on Tuesday, April 28th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $52.50.

Blackbaud Trading Up 2.0%

The company has a debt-to-equity ratio of 33.66, a current ratio of 0.74 and a quick ratio of 0.74. The firm has a fifty day simple moving average of $33.78 and a two-hundred day simple moving average of $46.59. The firm has a market capitalization of $1.28 billion, a P/E ratio of 9.46, a price-to-earnings-growth ratio of 0.97 and a beta of 1.02.

Blackbaud (NASDAQ:BLKB) last issued its earnings results on Wednesday, April 29th. The technology company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.06. Blackbaud had a return on equity of 176.76% and a net margin of 12.41%.The firm had revenue of $281.14 million for the quarter, compared to analyst estimates of $279.81 million. During the same period in the previous year, the company posted $0.96 earnings per share. The business’s revenue was up 4.2% on a year-over-year basis. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. On average, equities research analysts anticipate that Blackbaud, Inc. will post 3.57 earnings per share for the current fiscal year.

Insider Transactions at Blackbaud

In other Blackbaud news, CFO Chad Anderson sold 6,205 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $31.31, for a total transaction of $194,278.55. Following the sale, the chief financial officer directly owned 62,869 shares of the company’s stock, valued at $1,968,428.39. This represents a 8.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.97% of the company’s stock.

Institutional Trading of Blackbaud

Several hedge funds and other institutional investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Blackbaud by 1.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,434 shares of the technology company’s stock worth $1,454,000 after buying an additional 361 shares during the period. Jones Financial Companies Lllp raised its holdings in Blackbaud by 293.1% during the 1st quarter. Jones Financial Companies Lllp now owns 7,701 shares of the technology company’s stock valued at $478,000 after acquiring an additional 5,742 shares during the period. Goldman Sachs Group Inc. raised its holdings in Blackbaud by 26.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 229,244 shares of the technology company’s stock valued at $14,225,000 after acquiring an additional 47,549 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Blackbaud by 4.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 101,751 shares of the technology company’s stock worth $6,314,000 after acquiring an additional 4,178 shares in the last quarter. Finally, Jane Street Group LLC lifted its position in shares of Blackbaud by 886.2% during the first quarter. Jane Street Group LLC now owns 159,729 shares of the technology company’s stock worth $9,911,000 after acquiring an additional 143,533 shares in the last quarter. 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.