Sarah E. Nash Sells 3,220 Shares of Blackbaud, Inc. (NASDAQ:BLKB) Stock

Blackbaud, Inc. (NASDAQ:BLKB) Director Sarah E. Nash sold 3,220 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $76.18, for a total value of $245,299.60. Following the transaction, the director now directly owns 26,823 shares in the company, valued at approximately $2,043,376.14. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Blackbaud Stock Performance

Shares of BLKB stock traded down $0.13 during trading on Friday, reaching $76.26. 116,151 shares of the company’s stock were exchanged, compared to its average volume of 255,546. The company has a quick ratio of 0.67, a current ratio of 0.80 and a debt-to-equity ratio of 1.73. The stock has a market capitalization of $3.94 billion, a PE ratio of 186.32 and a beta of 1.01. Blackbaud, Inc. has a twelve month low of $64.32 and a twelve month high of $88.56. The firm’s fifty day moving average price is $76.98 and its 200-day moving average price is $76.22.

Blackbaud (NASDAQ:BLKB) last posted its earnings results on Tuesday, July 30th. The technology company reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.04. The business had revenue of $287.29 million for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.49 EPS. As a group, sell-side analysts anticipate that Blackbaud, Inc. will post 2.27 EPS for the current year.

Wall Street Analysts Forecast Growth

BLKB has been the topic of several recent analyst reports. Evercore ISI raised Blackbaud to a “hold” rating in a research report on Thursday, August 1st. Robert W. Baird boosted their target price on Blackbaud from $88.00 to $92.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Finally, StockNews.com raised Blackbaud from a “hold” rating to a “buy” rating in a report on Wednesday, May 8th.

Institutional Trading of Blackbaud

Institutional investors have recently added to or reduced their stakes in the company. Quest Partners LLC boosted its stake in Blackbaud by 2,950.0% in the 2nd quarter. Quest Partners LLC now owns 427 shares of the technology company’s stock valued at $33,000 after purchasing an additional 413 shares during the period. DT Investment Partners LLC bought a new stake in Blackbaud in the 2nd quarter valued at $33,000. YHB Investment Advisors Inc. bought a new stake in Blackbaud in the 1st quarter valued at $54,000. Parallel Advisors LLC boosted its stake in 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 bought a new stake in Blackbaud in the 4th quarter valued at $64,000. 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.