Blackbaud, Inc. (NASDAQ:BLKB - Get Free Report) SVP Jon W. Olson sold 2,000 shares of Blackbaud stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $85.00, for a total value of $170,000.00. Following the transaction, the senior vice president now directly owns 24,025 shares in the company, valued at $2,042,125. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Blackbaud Stock Performance
NASDAQ BLKB opened at $84.10 on Thursday. The company has a market cap of $4.34 billion, a P/E ratio of 205.12 and a beta of 1.02. The business's 50 day moving average price is $79.37 and its 200-day moving average price is $77.11. Blackbaud, Inc. has a fifty-two week low of $64.32 and a fifty-two week high of $88.56. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.80 and a current ratio of 0.80.
Blackbaud (NASDAQ:BLKB - Get Free Report) last posted its quarterly earnings data on Tuesday, July 30th. The technology company reported $1.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.04 by $0.04. Blackbaud had a return on equity of 18.54% and a net margin of 3.64%. The company had revenue of $287.29 million during the quarter, compared to analysts' expectations of $289.26 million. During the same quarter in the previous year, the business earned $0.49 EPS. Blackbaud's revenue was up 6.0% compared to the same quarter last year. Sell-side analysts predict that Blackbaud, Inc. will post 2.38 earnings per share for the current year.
Institutional Inflows and Outflows
Biden's Executive Order, Dems Digital Money Legislation, First Step To
From Monetary Gold | Ad
Donald Trump once again sounded the alarm against Fed-controlled digital currencies (CBDCs).
If these plans are implemented, it could mean the end of America as we know it.
This means you must act NOW before it's too late.
Several institutional investors have recently added to or reduced their stakes in the stock. Arizona State Retirement System increased its position in shares of Blackbaud by 1.2% during the second quarter. Arizona State Retirement System now owns 11,977 shares of the technology company's stock worth $912,000 after acquiring an additional 137 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Blackbaud by 1.4% in the 4th quarter. Franklin Resources Inc. now owns 12,840 shares of the technology company's stock worth $1,113,000 after buying an additional 183 shares during the period. Envestnet Portfolio Solutions Inc. grew its position in shares of Blackbaud by 6.2% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,140 shares of the technology company's stock worth $239,000 after buying an additional 184 shares in the last quarter. Comerica Bank increased its stake in shares of Blackbaud by 0.9% during the fourth quarter. Comerica Bank now owns 20,671 shares of the technology company's stock valued at $1,792,000 after buying an additional 186 shares during the period. Finally, Azzad Asset Management Inc. ADV lifted its stake in Blackbaud by 2.1% in the second quarter. Azzad Asset Management Inc. ADV now owns 11,164 shares of the technology company's stock worth $850,000 after acquiring an additional 225 shares during the period. Hedge funds and other institutional investors own 94.21% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on BLKB shares. Evercore ISI raised shares of Blackbaud to a "hold" rating in a research note on Thursday, August 1st. Robert W. Baird increased their price target on Blackbaud from $88.00 to $92.00 and gave the company an "outperform" rating in a research note on Thursday, August 1st.
Check Out Our Latest Analysis on BLKB
About Blackbaud
(
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
