Insider Selling: Blackbaud, Inc. (NASDAQ:BLKB) CFO Sells 4,955 Shares of Stock

Blackbaud, Inc. (NASDAQ:BLKBGet Free Report) CFO Anthony W. Boor sold 4,955 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $74.06, for a total value of $366,967.30. Following the completion of the transaction, the chief financial officer now owns 166,413 shares of the company’s stock, valued at approximately $12,324,546.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Blackbaud Price Performance

Shares of BLKB stock traded up $0.95 during mid-day trading on Monday, reaching $74.08. The stock had a trading volume of 234,938 shares, compared to its average volume of 282,495. Blackbaud, Inc. has a 12-month low of $53.39 and a 12-month high of $88.56. The company has a market cap of $3.96 billion, a P/E ratio of 2,469.33, a price-to-earnings-growth ratio of 3.15 and a beta of 1.04. The business has a 50-day simple moving average of $77.73 and a 200 day simple moving average of $75.97. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.94.

Blackbaud (NASDAQ:BLKBGet Free Report) last posted its quarterly earnings data on Tuesday, February 13th. The technology company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.09. The business had revenue of $295.01 million for the quarter, compared to analyst estimates of $299.04 million. Blackbaud had a return on equity of 14.59% and a net margin of 0.16%. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.28 earnings per share. On average, sell-side analysts anticipate that Blackbaud, Inc. will post 2.36 earnings per share for the current year.

Institutional Trading of Blackbaud

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in Blackbaud by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 5,574,584 shares of the technology company’s stock worth $483,316,000 after buying an additional 23,727 shares during the last quarter. BlackRock Inc. boosted its stake in Blackbaud by 0.7% in the 2nd quarter. BlackRock Inc. now owns 5,516,945 shares of the technology company’s stock worth $392,696,000 after buying an additional 38,024 shares during the last quarter. Morgan Stanley boosted its stake in Blackbaud by 1.7% in the 3rd quarter. Morgan Stanley now owns 4,280,633 shares of the technology company’s stock worth $301,014,000 after buying an additional 72,071 shares during the last quarter. Finally, State Street Corp boosted its stake in Blackbaud by 2.0% in the 2nd quarter. State Street Corp now owns 1,577,991 shares of the technology company’s stock worth $112,321,000 after buying an additional 31,550 shares during the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Robert W. Baird dropped their price target on Blackbaud from $95.00 to $88.00 and set an “outperform” rating for the company in a research report on Wednesday, February 14th.

Get Our Latest Stock Analysis on BLKB

Blackbaud Company Profile

(Get Free Report)

Blackbaud, Inc provides cloud software solutions to nonprofits, foundations, education institutions, and healthcare organizations in the United States and internationally. The company offers fundraising and engagement solutions, such as Blackbaud Raiser's Edge NXT, Blackbaud CRM, Blackbaud eTapestry, Blackbaud Luminate Online, Blackbaud TeamRaiser, JustGiving, Blackbaud Fundraiser Performance Management, Blackbaud Guided Fundraising, and Blackbaud Altru; and financial management solutions comprising Blackbaud Financial Edge NXT, Blackbaud Tuition Management, and Blackbaud Financial Aid and Billing Management.

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