David Benjamin Sells 2,086 Shares of Blackbaud (NASDAQ:BLKB) Stock

Blackbaud, Inc. (NASDAQ:BLKB – Get Free Report) EVP David Benjamin sold 2,086 shares of the firm’s stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $48.27, for a total value of $100,691.22. Following the completion of the transaction, the executive vice president directly owned 71,038 shares of the company’s stock, valued at $3,429,004.26. The trade was a 2.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Blackbaud Stock Performance

Shares of BLKB stock opened at $48.46 on Friday. The stock has a fifty day moving average price of $39.06 and a 200 day moving average price of $37.86. The company has a debt-to-equity ratio of 16.82, a quick ratio of 0.83 and a current ratio of 0.83. 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. Blackbaud, Inc. has a 1 year low of $25.58 and a 1 year high of $70.71.

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

Institutional Investors Weigh In On Blackbaud

Several hedge funds have recently made changes to their positions in the business. Altshuler Shaham Ltd acquired a new position in Blackbaud in the first quarter valued at $29,000. Parallel Advisors LLC boosted its stake in Blackbaud by 528.0% in the 1st quarter. Parallel Advisors LLC now owns 785 shares of the technology company’s stock worth $30,000 after buying an additional 660 shares during the last quarter. Blue Trust Inc. grew its holdings in Blackbaud by 44.3% in the 1st 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 period. Rothschild Investment LLC grew its holdings in Blackbaud by 589.0% in the 4th quarter. Rothschild Investment LLC now owns 565 shares of the technology company’s stock valued at $36,000 after buying an additional 483 shares during the period. Finally, Versant Capital Management Inc increased its stake in shares of Blackbaud by 243.9% during the 2nd quarter. Versant Capital Management Inc now owns 1,286 shares of the technology company’s stock valued at $38,000 after acquiring an additional 912 shares during the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

Analysts Set New Price Targets

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

View Our Latest Stock Analysis on BLKB

About Blackbaud

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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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