Blackbaud, Inc. (NASDAQ:BLKB – Get Free Report) SVP Jon W. Olson sold 3,603 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $77.90, for a total value of $280,673.70. Following the transaction, the senior vice president now owns 26,025 shares of the company’s stock, valued at approximately $2,027,347.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Blackbaud Price Performance
BLKB opened at $79.30 on Thursday. The company has a market capitalization of $4.09 billion, a price-to-earnings ratio of 193.41 and a beta of 1.01. The company has a current ratio of 0.80, a quick ratio of 0.67 and a debt-to-equity ratio of 1.73. Blackbaud, Inc. has a 12-month low of $64.32 and a 12-month high of $88.56. The business’s fifty day simple moving average is $76.84 and its 200-day simple moving average is $75.83.
Blackbaud (NASDAQ:BLKB – Get Free Report) last released its quarterly earnings data 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. Blackbaud had a net margin of 3.64% and a return on equity of 18.54%. The company had revenue of $287.29 million during the quarter, compared to analyst estimates of $289.26 million. During the same period in the prior year, the firm earned $0.49 earnings per share. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, equities research analysts anticipate that Blackbaud, Inc. will post 2.27 earnings per share for the current fiscal year.
Institutional Trading of Blackbaud
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on the company. Evercore ISI upgraded Blackbaud to a “hold” rating in a research report on Thursday, August 1st. Robert W. Baird boosted their price objective on shares of Blackbaud from $88.00 to $92.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Finally, StockNews.com raised shares of Blackbaud from a “hold” rating to a “buy” rating in a research report on Wednesday, May 8th.
Check Out Our Latest Research Report on BLKB
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.
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