Jupiter Topco LLC Invests $47.15 Million in Blackbaud, Inc. $BLKB

Posted by Francis Steltz on Aug 28th, 2026

Jupiter Topco LLC purchased a new position in shares of Blackbaud, Inc. (NASDAQ:BLKB – Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 1,591,665 shares of the technology company’s stock, valued at approximately $47,145,000. Jupiter Topco LLC owned about 3.51% of Blackbaud at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Altshuler Shaham Ltd acquired a new position in Blackbaud in the first quarter worth $29,000. Parallel Advisors LLC increased its stake in shares of Blackbaud by 528.0% in the first quarter. Parallel Advisors LLC now owns 785 shares of the technology company’s stock valued at $30,000 after buying an additional 660 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Blackbaud by 44.3% in the first quarter. Blue Trust Inc. now owns 867 shares of the technology company’s stock valued at $33,000 after buying an additional 266 shares during the last quarter. Rothschild Investment LLC lifted its position in Blackbaud by 589.0% during the 4th quarter. Rothschild Investment LLC now owns 565 shares of the technology company’s stock worth $36,000 after buying an additional 483 shares in the last quarter. Finally, Versant Capital Management Inc grew its holdings in Blackbaud by 243.9% during the 2nd quarter. Versant Capital Management Inc now owns 1,286 shares of the technology company’s stock worth $38,000 after acquiring an additional 912 shares during the last quarter. 94.21% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Weiss Ratings raised shares of Blackbaud from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, August 6th. Robert W. Baird set a $54.00 price target on shares of Blackbaud in a research note on Thursday, July 30th. Stifel Nicolaus decreased their price target on shares of Blackbaud from $45.00 to $30.00 and set a “hold” rating on the stock in a research note on Friday, July 10th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $55.00 price target on shares of Blackbaud in a report on Wednesday, July 29th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Blackbaud presently has an average rating of “Hold” and an average target price of $48.50.

Check Out Our Latest Stock Analysis on Blackbaud

Insider Transactions at Blackbaud

In other news, CEO Michael P. Gianoni sold 17,000 shares of Blackbaud stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $47.35, for a total transaction of $804,950.00. Following the completion of the sale, the chief executive officer owned 423,264 shares in the company, valued at $20,041,550.40. The trade was a 3.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Chad Anderson sold 6,205 shares of the business’s stock in a transaction that occurred 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 sale, the chief financial officer directly owned 62,869 shares of the company’s stock, valued at approximately $1,968,428.39. This trade represents a 8.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 45,205 shares of company stock worth $2,000,229 in the last quarter. 2.01% of the stock is owned by company insiders.

Blackbaud Price Performance

Blackbaud stock opened at $48.57 on Friday. The business’s 50-day simple moving average is $36.94 and its 200 day simple moving average is $37.88. The stock has a market cap of $2.20 billion, a price-to-earnings ratio of 15.18, a P/E/G ratio of 1.61 and a beta of 0.97. Blackbaud, Inc. has a 12-month low of $25.58 and a 12-month high of $70.71. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 16.82.

Blackbaud (NASDAQ:BLKB – Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The technology company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.10. Blackbaud had a return on equity of 197.49% and a net margin of 13.12%.The firm had revenue of $290.60 million during the quarter, compared to analyst estimates of $292.23 million. During the same period last year, the company earned $1.21 earnings per share. The company’s revenue was up 3.3% on a year-over-year basis. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. As a group, research analysts anticipate that Blackbaud, Inc. will post 3.71 earnings per share for the current year.

About Blackbaud

(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.