Blackbaud (BLKB) to Release Earnings on Monday

Blackbaud (NASDAQ:BLKB) will likely be announcing its earnings results before the market opens on Monday, February 10th. Analysts expect the company to announce earnings of $1.06 per share and revenue of $303.41 million for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Blackbaud Stock Down 0.8 %

BLKB opened at $78.06 on Friday. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.79. Blackbaud has a twelve month low of $66.47 and a twelve month high of $88.95. The company has a market cap of $3.84 billion, a PE ratio of 76.53 and a beta of 1.08. The company has a 50-day moving average price of $77.24 and a 200 day moving average price of $80.37.

Insiders Place Their Bets

In other news, Director Sarah E. Nash sold 1,600 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $83.46, for a total value of $133,536.00. Following the completion of the sale, the director now owns 22,123 shares of the company’s stock, valued at $1,846,385.58. This represents a 6.74 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Kevin P. Gregoire sold 6,619 shares of Blackbaud stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $85.68, for a total transaction of $567,115.92. Following the sale, the chief operating officer now directly owns 99,096 shares in the company, valued at approximately $8,490,545.28. The trade was a 6.26 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 40,823 shares of company stock valued at $3,477,112. Insiders own 1.95% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on BLKB shares. Baird R W downgraded Blackbaud from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Robert W. Baird cut shares of Blackbaud from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $92.00 to $80.00 in a research note on Thursday, October 31st. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $86.67.

About Blackbaud

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.