Blackbaud (NASDAQ:BLKB) Shares Gap Down – Here’s What Happened

Posted by Geri Gentry on Jul 23rd, 2026

Blackbaud, Inc. (NASDAQ:BLKB – Get Free Report)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $32.68, but opened at $31.47. Blackbaud shares last traded at $31.27, with a volume of 91,813 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Zacks Research downgraded Blackbaud from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Robert W. Baird upgraded Blackbaud from a “neutral” rating to an “outperform” rating and cut their target price for the stock from $60.00 to $50.00 in a report on Thursday, April 30th. Stifel Nicolaus reduced their price target on shares of Blackbaud from $45.00 to $30.00 and set a “hold” rating for the company in a research report on Friday, July 10th. Finally, Weiss Ratings upgraded shares of Blackbaud from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, July 8th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $48.75.

Check Out Our Latest Analysis on Blackbaud

Blackbaud Stock Performance

The firm has a market cap of $1.42 billion, a P/E ratio of 10.48, a PEG ratio of 1.12 and a beta of 1.01. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 33.66. The company’s 50-day moving average is $29.52 and its two-hundred day moving average is $40.13.

Blackbaud (NASDAQ:BLKB – Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The technology company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $279.81 million. During the same period in the previous year, the company posted $0.96 EPS. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. As a group, equities analysts predict that Blackbaud, Inc. will post 3.57 EPS for the current fiscal year.

Insider Buying and Selling

In other Blackbaud news, CFO Chad Anderson sold 6,205 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $31.31, for a total transaction of $194,278.55. Following the transaction, the chief financial officer directly owned 62,869 shares in the company, valued at approximately $1,968,428.39. This trade represents a 8.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.01% of the company’s stock.

Institutional Trading of Blackbaud

Several institutional investors and hedge funds have recently made changes to their positions in BLKB. Tudor Investment Corp ET AL purchased a new position in Blackbaud in the third quarter valued at about $10,586,000. UBS Group AG increased its stake in shares of Blackbaud by 35.0% during the 4th quarter. UBS Group AG now owns 164,128 shares of the technology company’s stock worth $10,393,000 after purchasing an additional 42,521 shares during the last quarter. Van Berkom & Associates Inc. increased its stake in shares of Blackbaud by 16.7% during the 4th quarter. Van Berkom & Associates Inc. now owns 779,935 shares of the technology company’s stock worth $49,385,000 after purchasing an additional 111,388 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Blackbaud by 143,409.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,207,179 shares of the technology company’s stock worth $139,759,000 after purchasing an additional 2,205,641 shares during the period. Finally, WINTON GROUP Ltd bought a new stake in shares of Blackbaud in the 4th quarter worth approximately $4,533,000. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Blackbaud Company Profile

(Get Free Report)

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.