Blackbaud (NASDAQ:BLKB) Posts Earnings Results, Misses Estimates By $0.50 EPS

Blackbaud (NASDAQ:BLKB) announced its quarterly earnings results on Tuesday. The technology company reported $0.58 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.50), Zacks reports. Blackbaud had a net margin of 4.61% and a return on equity of 20.34%. Blackbaud updated its FY 2025 guidance to 4.160-4.350 EPS.

Blackbaud Trading Down 1.1 %

NASDAQ BLKB opened at $79.88 on Tuesday. Blackbaud has a 52 week low of $66.47 and a 52 week high of $88.95. The company has a 50 day moving average price of $77.07 and a 200 day moving average price of $80.41. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.79. The firm has a market cap of $3.93 billion, a PE ratio of 78.31 and a beta of 1.08.

Analysts Set New Price Targets

A number of research analysts have commented on BLKB shares. Robert W. Baird downgraded shares of Blackbaud from an “outperform” rating to a “neutral” rating and cut their target price for the company from $92.00 to $80.00 in a research report on Thursday, October 31st. Baird R W lowered shares of Blackbaud from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $86.67.

Insider Buying and Selling at Blackbaud

In other Blackbaud news, CEO Michael P. Gianoni sold 800 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $83.15, for a total value of $66,520.00. Following the completion of the sale, the chief executive officer now directly owns 373,293 shares in the company, valued at approximately $31,039,312.95. This trade represents a 0.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Anthony W. Boor sold 10,000 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $84.85, for a total value of $848,500.00. Following the sale, the chief financial officer now owns 140,262 shares in the company, valued at $11,901,230.70. The trade was a 6.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 20,279 shares of company stock worth $1,750,404 over the last three months. Corporate insiders own 1.95% 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.