Blackbaud, Inc. (NASDAQ:BLKB – Get Free Report) hit a new 52-week low on Tuesday . The company traded as low as $33.79 and last traded at $34.0450, with a volume of 13010 shares traded. The stock had previously closed at $34.36.
Wall Street Analysts Forecast Growth
BLKB has been the subject of a number of recent analyst reports. Zacks Research cut Blackbaud from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Evercore set a $55.00 price objective on shares of Blackbaud in a research report on Wednesday, February 11th. Raymond James Financial set a $60.00 price objective on shares of Blackbaud in a research report on Tuesday, February 10th. Robert W. Baird raised shares of Blackbaud from a “neutral” rating to an “outperform” rating and reduced their target price for the stock from $60.00 to $50.00 in a report on Thursday, April 30th. Finally, Weiss Ratings raised shares of Blackbaud from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 4th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Blackbaud has an average rating of “Hold” and a consensus target price of $52.50.
View Our Latest Stock Report on BLKB
Blackbaud Stock Performance
Blackbaud (NASDAQ:BLKB – Get Free Report) last released its quarterly earnings results 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 net margin of 12.41% and a return on equity of 176.76%. The business had revenue of $281.14 million for the quarter, compared to analyst estimates of $279.81 million. During the same period last year, the firm earned $0.96 earnings per share. Blackbaud’s revenue for the quarter was up 4.2% compared to the same quarter last year. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. Equities analysts anticipate that Blackbaud, Inc. will post 3.57 EPS for the current year.
Insider Activity at Blackbaud
In related news, EVP David J. Benjamin sold 14,349 shares of the stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $47.47, for a total transaction of $681,147.03. Following the sale, the executive vice president owned 73,124 shares of the company’s stock, valued at $3,471,196.28. This represents a 16.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Kevin Mcdearis sold 15,462 shares of the firm’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $46.43, for a total value of $717,900.66. Following the transaction, the executive vice president owned 91,756 shares in the company, valued at approximately $4,260,231.08. This trade represents a 14.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 39,801 shares of company stock worth $1,893,874. Company insiders own 1.97% of the company’s stock.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in Blackbaud by 14.7% during the third quarter. Vanguard Group Inc. now owns 5,516,432 shares of the technology company’s stock worth $354,762,000 after buying an additional 706,695 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position 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 valued at $139,759,000 after buying an additional 2,205,641 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Blackbaud by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 975,085 shares of the technology company’s stock valued at $61,743,000 after buying an additional 5,709 shares in the last quarter. Greenhouse Funds LLLP lifted its holdings in shares of Blackbaud by 13.7% during the 3rd quarter. Greenhouse Funds LLLP now owns 802,904 shares of the technology company’s stock worth $51,635,000 after acquiring an additional 96,457 shares during the period. Finally, Van Berkom & Associates Inc. lifted its holdings 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 acquiring an additional 111,388 shares during the period. Institutional investors and hedge funds 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.
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