Insider Selling: Blackbaud, Inc. (NASDAQ:BLKB) SVP Sells 2,000 Shares of Stock

Blackbaud, Inc. (NASDAQ:BLKB) SVP Jon W. Olson sold 2,000 shares of Blackbaud stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $85.00, for a total value of $170,000.00. Following the completion of the transaction, the senior vice president now owns 24,025 shares of the company’s stock, valued at $2,042,125. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Blackbaud Stock Performance

Shares of NASDAQ:BLKB traded down $0.08 during trading on Wednesday, reaching $84.10. 130,635 shares of the company’s stock traded hands, compared to its average volume of 239,745. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.80 and a quick ratio of 0.80. The company has a 50 day moving average of $79.37 and a 200-day moving average of $77.11. The stock has a market capitalization of $4.34 billion, a P/E ratio of 205.12 and a beta of 1.02. Blackbaud, Inc. has a 12 month low of $64.32 and a 12 month high of $88.56.

Blackbaud (NASDAQ:BLKB) last released its quarterly earnings results on Tuesday, July 30th. The technology company reported $1.08 EPS for the quarter, topping the consensus estimate of $1.04 by $0.04. The business had revenue of $287.29 million during the quarter, compared to analyst estimates of $289.26 million. Blackbaud had a net margin of 3.64% and a return on equity of 18.54%. The company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.49 earnings per share. On average, equities analysts expect that Blackbaud, Inc. will post 2.38 EPS for the current year.

Institutional Trading of Blackbaud

Several large investors have recently added to or reduced their stakes in BLKB. DT Investment Partners LLC acquired a new position in Blackbaud during the 2nd quarter worth $33,000. Quest Partners LLC lifted its holdings in Blackbaud by 2,950.0% in the second quarter. Quest Partners LLC now owns 427 shares of the technology company’s stock worth $33,000 after purchasing an additional 413 shares during the period. YHB Investment Advisors Inc. bought a new position in Blackbaud in the 1st quarter valued at about $54,000. Parallel Advisors LLC grew its position in Blackbaud by 303.3% in the 4th quarter. Parallel Advisors LLC now owns 734 shares of the technology company’s stock valued at $64,000 after buying an additional 552 shares in the last quarter. Finally, AXS Investments LLC acquired a new position in Blackbaud during the 4th quarter valued at about $181,000. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on BLKB. Evercore ISI raised Blackbaud to a “hold” rating in a report on Thursday, August 1st. Robert W. Baird raised their price objective on Blackbaud from $88.00 to $92.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st.

Blackbaud Company Profile

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.