Insider Selling: Blackbaud, Inc. (NASDAQ:BLKB) CFO Sells 3,100 Shares of Stock

Blackbaud, Inc. (NASDAQ:BLKB) CFO Anthony W. Boor sold 3,100 shares of the firm’s stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $79.48, for a total value of $246,388.00. Following the completion of the transaction, the chief financial officer now owns 158,268 shares of the company’s stock, valued at $12,579,140.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Blackbaud Stock Performance

Shares of NASDAQ BLKB opened at $78.26 on Wednesday. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.94. Blackbaud, Inc. has a 12 month low of $64.32 and a 12 month high of $88.56. The stock has a 50 day moving average of $72.71 and a 200-day moving average of $76.00. The company has a market capitalization of $4.18 billion, a P/E ratio of 2,608.67, a P/E/G ratio of 3.33 and a beta of 1.04.

Blackbaud (NASDAQ:BLKB) last issued its earnings results on Tuesday, February 13th. The technology company reported $1.14 EPS for the quarter, topping the consensus estimate of $1.05 by $0.09. Blackbaud had a return on equity of 14.59% and a net margin of 0.16%. The company had revenue of $295.01 million during the quarter, compared to the consensus estimate of $299.04 million. During the same period in the previous year, the company posted $0.28 EPS. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. As a group, equities research analysts predict that Blackbaud, Inc. will post 2.35 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on BLKB shares. Robert W. Baird decreased their price target on Blackbaud from $95.00 to $88.00 and set an “outperform” rating for the company in a research note on Wednesday, February 14th. StockNews.com upgraded Blackbaud from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Blackbaud by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 5,574,584 shares of the technology company’s stock worth $483,316,000 after acquiring an additional 23,727 shares during the period. BlackRock Inc. boosted its stake in Blackbaud by 0.7% in the 2nd quarter. BlackRock Inc. now owns 5,516,945 shares of the technology company’s stock valued at $392,696,000 after purchasing an additional 38,024 shares during the period. Morgan Stanley boosted its stake in Blackbaud by 1.7% in the 3rd quarter. Morgan Stanley now owns 4,280,633 shares of the technology company’s stock valued at $301,014,000 after purchasing an additional 72,071 shares during the period. Finally, State Street Corp boosted its stake in Blackbaud by 2.0% in the 2nd quarter. State Street Corp now owns 1,577,991 shares of the technology company’s stock valued at $112,321,000 after purchasing an additional 31,550 shares during the period. 94.21% of the stock is currently owned by institutional investors.

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.