Blackbaud, Inc. (NASDAQ:BLKB) COO Sells $420,000.00 in Stock

Blackbaud, Inc. (NASDAQ:BLKB) COO Kevin P. Gregoire sold 5,000 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $84.00, for a total value of $420,000.00. Following the completion of the sale, the chief operating officer now owns 105,715 shares in the company, valued at approximately $8,880,060. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Blackbaud Stock Performance

Shares of BLKB opened at $81.47 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.73. The firm’s fifty day simple moving average is $78.35 and its two-hundred day simple moving average is $76.28. Blackbaud, Inc. has a 12 month low of $64.32 and a 12 month high of $88.56. The stock has a market capitalization of $4.21 billion, a P/E ratio of 198.71 and a beta of 1.01.

Blackbaud (NASDAQ:BLKB) last released its earnings results on Tuesday, July 30th. The technology company reported $1.08 EPS for the quarter, topping the consensus estimate of $1.04 by $0.04. The business had revenue of $287.29 million during the quarter, compared to analysts’ expectations of $289.26 million. Blackbaud had a return on equity of 18.54% and a net margin of 3.64%. The firm’s revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.49 earnings per share. As a group, analysts predict that Blackbaud, Inc. will post 2.38 EPS for the current year.

Wall Street Analysts Forecast Growth

BLKB has been the topic of a number of recent analyst reports. Evercore ISI raised Blackbaud to a “hold” rating in a research note on Thursday, August 1st. Robert W. Baird boosted their price target on shares of Blackbaud from $88.00 to $92.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st.

Institutional Trading of Blackbaud

Several large investors have recently modified their holdings of BLKB. Russell Investments Group Ltd. boosted its stake in Blackbaud by 1.2% during the fourth quarter. Russell Investments Group Ltd. now owns 81,873 shares of the technology company’s stock worth $7,098,000 after acquiring an additional 982 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Blackbaud by 13.6% in the 4th quarter. Victory Capital Management Inc. now owns 8,978 shares of the technology company’s stock valued at $778,000 after buying an additional 1,073 shares during the period. Natixis Advisors L.P. increased its position in Blackbaud by 12.8% in the 4th quarter. Natixis Advisors L.P. now owns 12,905 shares of the technology company’s stock valued at $1,118,000 after buying an additional 1,463 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Blackbaud by 0.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 411,200 shares of the technology company’s stock worth $35,651,000 after buying an additional 3,670 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Blackbaud by 2.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,028,181 shares of the technology company’s stock worth $89,145,000 after acquiring an additional 24,910 shares in the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

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.