Blackbaud (NASDAQ:BLKB) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Shares of Blackbaud, Inc. (NASDAQ:BLKB) crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $37.29 and traded as high as $43.59. Blackbaud shares last traded at $43.31, with a volume of 582,103 shares traded.

Analyst Ratings Changes

A number of brokerages have issued reports on BLKB. Stifel Nicolaus decreased their price target on Blackbaud from $45.00 to $30.00 and set a “hold” rating for the company in a report on Friday, July 10th. Robert W. Baird raised their target price on Blackbaud from $54.00 to $58.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 15th. Raymond James Financial restated an “outperform” rating and set a $55.00 target price on shares of Blackbaud in a research note on Wednesday, July 29th. Finally, Weiss Ratings raised Blackbaud from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, September 24th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Blackbaud has an average rating of “Hold” and an average price target of $49.50.

Blackbaud Stock Up 2.3%

The firm’s 50 day simple moving average is $44.92 and its 200-day simple moving average is $37.29. The company has a market cap of $2.02 billion, a price-to-earnings ratio of 13.91, a P/E/G ratio of 1.48 and a beta of 1.04. The company has a debt-to-equity ratio of 16.82, a current ratio of 0.83 and a quick ratio of 0.83.

Blackbaud (NASDAQ:BLKB) last posted its earnings results on Wednesday, July 29th. The technology company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.10. The business had revenue of $290.60 million for the quarter, compared to analysts’ expectations of $292.23 million. Blackbaud had a return on equity of 197.49% and a net margin of 13.12%.The business’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.21 earnings per share. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. As a group, sell-side analysts anticipate that Blackbaud, Inc. will post 3.71 earnings per share for the current year.

Insider Transactions at Blackbaud

In other news, EVP David Benjamin sold 2,086 shares of the stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $48.27, for a total value of $100,691.22. Following the completion of the sale, the executive vice president directly owned 71,038 shares of the company’s stock, valued at approximately $3,429,004.26. This represents a 2.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Chad Anderson sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $47.56, for a total transaction of $95,120.00. Following the transaction, the chief financial officer owned 59,883 shares in the company, valued at approximately $2,848,035.48. This trade represents a 3.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 43,086 shares of company stock worth $2,001,761 in the last three months. Corporate insiders own 2.01% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in shares of Blackbaud during the second quarter worth about $177,153,000. Janus Henderson Group PLC increased its position in Blackbaud by 3.9% in the 1st quarter. Janus Henderson Group PLC now owns 1,555,833 shares of the technology company’s stock valued at $60,071,000 after acquiring an additional 58,806 shares during the period. Jupiter Topco LLC purchased a new stake in Blackbaud during the 2nd quarter valued at approximately $47,145,000. Norges Bank acquired a new stake in Blackbaud during the 4th quarter worth approximately $29,846,000. Finally, Clearline Capital LP lifted its position in Blackbaud by 20.9% during the 4th quarter. Clearline Capital LP now owns 385,281 shares of the technology company’s stock worth $24,396,000 after acquiring an additional 66,688 shares during the period. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Blackbaud Company Profile

Blackbaud, Inc is a software company that provides cloud-based technology for nonprofit organizations and other social-impact institutions. Its solutions help organizations manage fundraising, donor relationships, financial operations, marketing, volunteer programs, grants, and constituent engagement.

The company’s product portfolio includes customer relationship management and fundraising platforms, online giving and peer-to-peer fundraising tools, financial management software, grantmaking solutions, and systems for managing events, memberships, and communications.