Chad Anderson Sells 2,000 Shares of Blackbaud (NASDAQ:BLKB) Stock

Posted by George Bondi on Sep 4th, 2026

Blackbaud, Inc. (NASDAQ:BLKB – Get Free Report) CFO Chad Anderson sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $47.56, for a total transaction of $95,120.00. Following the completion of the sale, the chief financial officer directly owned 59,883 shares in the company, valued at $2,848,035.48. This represents a 3.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Blackbaud Price Performance

BLKB stock opened at $48.46 on Friday. 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, Inc. has a one year low of $25.58 and a one year high of $70.71. The stock has a market cap of $2.20 billion, a PE ratio of 15.14, a P/E/G ratio of 1.63 and a beta of 0.99. The firm has a 50 day simple moving average of $39.06 and a two-hundred day simple moving average of $37.86.

Blackbaud (NASDAQ:BLKB – Get Free Report) last issued its quarterly 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 firm had revenue of $290.60 million for the quarter, compared to analyst estimates of $292.23 million. Blackbaud had a net margin of 13.12% and a return on equity of 197.49%. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.21 EPS. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. On average, analysts predict that Blackbaud, Inc. will post 3.71 EPS for the current fiscal year.

Institutional Investors Weigh In On Blackbaud

A number of institutional investors have recently made changes to their positions in the business. Glenmede Investment Management LP grew its holdings in shares of Blackbaud by 2.1% during the 3rd quarter. Glenmede Investment Management LP now owns 10,492 shares of the technology company’s stock valued at $675,000 after purchasing an additional 215 shares during the last quarter. AXQ Capital LP lifted its stake in Blackbaud by 3.0% in the fourth quarter. AXQ Capital LP now owns 8,307 shares of the technology company’s stock worth $526,000 after purchasing an additional 243 shares during the last quarter. Comerica Bank lifted its stake in Blackbaud by 1.0% in the fourth quarter. Comerica Bank now owns 24,847 shares of the technology company’s stock worth $1,573,000 after purchasing an additional 255 shares during the last quarter. Blue Trust Inc. lifted its stake in Blackbaud by 44.3% in the first quarter. Blue Trust Inc. now owns 867 shares of the technology company’s stock worth $33,000 after purchasing an additional 266 shares during the last quarter. Finally, Inspire Investing LLC boosted its position in Blackbaud by 4.4% during the fourth quarter. Inspire Investing LLC now owns 7,382 shares of the technology company’s stock valued at $467,000 after buying an additional 310 shares during the period. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Wall Street Analyst Weigh In

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

View Our Latest Stock Analysis on BLKB

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.