Blackbaud (BLKB) Projected to Post Earnings on Monday

Blackbaud (NASDAQ:BLKB) will likely be announcing its earnings results after the market closes on Monday, February 10th. Analysts expect the company to announce earnings of $1.06 per share and revenue of $303.41 million for the quarter.

Blackbaud Trading Up 0.4 %

Shares of BLKB stock opened at $77.15 on Monday. The company has a 50-day moving average of $77.95 and a two-hundred day moving average of $80.39. The firm has a market cap of $3.80 billion, a PE ratio of 75.64 and a beta of 1.08. Blackbaud has a 1-year low of $66.47 and a 1-year high of $88.95. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.68 and a quick ratio of 0.68.

Analyst Upgrades and Downgrades

BLKB has been the subject of several research reports. Baird R W downgraded shares of Blackbaud from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. Robert W. Baird cut Blackbaud from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $92.00 to $80.00 in a research note on Thursday, October 31st. Finally, Raymond James decreased their target price on Blackbaud from $98.00 to $95.00 and set an “outperform” rating on the stock in a research note on Monday, October 7th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Blackbaud presently has an average rating of “Hold” and a consensus target price of $86.67.

Insider Buying and Selling at Blackbaud

In related news, CEO Michael P. Gianoni sold 800 shares of Blackbaud stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $83.15, for a total value of $66,520.00. Following the completion of the transaction, the chief executive officer now owns 373,293 shares in the company, valued at $31,039,312.95. The trade was a 0.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sarah E. Nash sold 3,100 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $83.98, for a total transaction of $260,338.00. Following the completion of the sale, the director now directly owns 23,723 shares in the company, valued at approximately $1,992,257.54. This represents a 11.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 43,923 shares of company stock valued at $3,737,450 in the last 90 days. Company 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.