Michael Gianoni Sells 17,000 Shares of Blackbaud (NASDAQ:BLKB) Stock

Posted by Geri Gentry on Aug 29th, 2026

Blackbaud, Inc. (NASDAQ:BLKB – Get Free Report) CEO Michael Gianoni sold 17,000 shares of the firm’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $47.35, for a total value of $804,950.00. Following the transaction, the chief executive officer owned 423,264 shares of the company’s stock, valued at $20,041,550.40. This trade represents a 3.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Blackbaud Stock Up 0.1%

Shares of NASDAQ:BLKB opened at $48.62 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. The firm has a market capitalization of $2.21 billion, a PE ratio of 15.19, a price-to-earnings-growth ratio of 1.66 and a beta of 0.97. The firm’s 50-day moving average is $37.38 and its two-hundred day moving average is $37.96. Blackbaud, Inc. has a 1 year low of $25.58 and a 1 year high of $70.71.

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

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Stifel Nicolaus decreased 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. Robert W. Baird set a $54.00 price objective on Blackbaud in a research report on Thursday, July 30th. Weiss Ratings upgraded Blackbaud from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, August 6th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $55.00 target price on shares of Blackbaud in a report on Wednesday, July 29th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $48.50.

Read Our Latest Analysis on BLKB

Institutional Trading of Blackbaud

Several hedge funds have recently added to or reduced their stakes in BLKB. UBS Group AG grew its holdings in 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 acquiring an additional 42,521 shares in the last quarter. Palisade Capital Management LP acquired a new stake in shares of Blackbaud in the 2nd quarter valued at $6,171,000. Van Berkom & Associates Inc. lifted its position 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. lifted its position in shares of Blackbaud by 143,409.7% during 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 last quarter. Finally, Wedge Capital Management L L P NC grew its stake in shares of Blackbaud by 117.1% during the second quarter. Wedge Capital Management L L P NC now owns 101,975 shares of the technology company’s stock worth $3,020,000 after purchasing an additional 54,997 shares in the last quarter. Institutional investors and hedge funds 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.