Blackbaud, Inc. (NASDAQ:BLKB – Get Rating) SVP Jon W. Olson sold 8,384 shares of the stock in a transaction that occurred on Friday, March 10th. The stock was sold at an average price of $55.97, for a total value of $469,252.48. Following the completion of the sale, the senior vice president now owns 50,652 shares of the company’s stock, valued at approximately $2,834,992.44. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Blackbaud Trading Up 4.3 %
BLKB opened at $55.72 on Wednesday. The stock has a market cap of $2.97 billion, a PE ratio of -62.89, a PEG ratio of 2.77 and a beta of 1.15. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 1.13. The business has a 50 day moving average of $59.76 and a 200-day moving average of $56.00. Blackbaud, Inc. has a 52 week low of $43.54 and a 52 week high of $65.40.
Blackbaud (NASDAQ:BLKB – Get Rating) last released its earnings results on Tuesday, February 14th. The technology company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.08. The company had revenue of $274.76 million during the quarter, compared to analysts’ expectations of $278.24 million. Blackbaud had a positive return on equity of 7.34% and a negative net margin of 4.29%. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.24 EPS. Equities research analysts predict that Blackbaud, Inc. will post 1.92 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on BLKB shares. TheStreet upgraded Blackbaud from a “d+” rating to a “c-” rating in a report on Friday, December 2nd. StockNews.com cut Blackbaud from a “buy” rating to a “hold” rating in a report on Friday, March 3rd. Finally, Robert W. Baird lowered their target price on Blackbaud from $70.00 to $66.00 and set a “neutral” rating for the company in a research note on Wednesday, February 15th.
Blackbaud, Inc engages in the provision of cloud-based and on-premises software solutions and related services for the global philanthropic community. It offers solutions for fundraising and constituent relationship management (CRM), marketing, advocacy, accounting, peer-to-peer fundraising, corporate social responsibility (CSR), school management, ticketing, financial management, payment processing, and analytics.
- Get a free copy of the StockNews.com research report on Blackbaud (BLKB)
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