Anthony W. Boor Sells 6,900 Shares of Blackbaud, Inc. (NASDAQ:BLKB) Stock

Blackbaud, Inc. (NASDAQ:BLKB) CFO Anthony W. Boor sold 6,900 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $79.01, for a total value of $545,169.00. Following the completion of the transaction, the chief financial officer now owns 151,368 shares in the company, valued at $11,959,585.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Blackbaud Stock Performance

BLKB stock opened at $78.26 on Wednesday. The business’s 50-day moving average price is $72.71 and its two-hundred day moving average price is $76.00. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.94. The firm has a market cap of $4.18 billion, a PE ratio of 2,608.67, a P/E/G ratio of 3.33 and a beta of 1.04. Blackbaud, Inc. has a 1-year low of $64.32 and a 1-year high of $88.56.

Blackbaud (NASDAQ:BLKB) last posted its earnings results on Tuesday, February 13th. The technology company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.09. The firm 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 company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.28 earnings per share. As a group, research analysts forecast that Blackbaud, Inc. will post 2.35 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BLKB. Operose Advisors LLC acquired a new stake in shares of Blackbaud in the 3rd quarter valued at about $25,000. Russell Investments Group Ltd. acquired a new stake in shares of Blackbaud in the 1st quarter valued at about $35,000. FSC Wealth Advisors LLC acquired a new stake in shares of Blackbaud in the 3rd quarter valued at about $40,000. Parallel Advisors LLC raised its stake in shares of 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 purchasing an additional 552 shares during the period. Finally, GAMMA Investing LLC acquired a new stake in shares of Blackbaud in the 4th quarter valued at about $64,000. 94.21% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on BLKB shares. Robert W. Baird reduced their price target on Blackbaud from $95.00 to $88.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 14th. StockNews.com upgraded Blackbaud from a “hold” rating to a “buy” rating in a report on Thursday, April 11th.

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.