Blackbaud (NASDAQ:BLKB) Announces Quarterly Earnings Results

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

Blackbaud Stock Performance

Shares of BLKB opened at $70.96 on Wednesday. The firm has a market cap of $3.49 billion, a PE ratio of 69.57 and a beta of 1.08. The stock’s fifty day moving average price is $76.88 and its two-hundred day moving average price is $80.37. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.68 and a quick ratio of 0.68. Blackbaud has a 1 year low of $66.47 and a 1 year high of $88.95.

Insider Buying and Selling at Blackbaud

In related news, CFO Anthony W. Boor sold 10,000 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $84.85, for a total transaction of $848,500.00. Following the sale, the chief financial officer now directly owns 140,262 shares in the company, valued at approximately $11,901,230.70. The trade was a 6.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Michael P. Gianoni sold 800 shares of the business’s stock in a transaction 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 sale, the chief executive officer now owns 373,293 shares in the company, valued at approximately $31,039,312.95. The trade was a 0.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 20,279 shares of company stock worth $1,750,404 over the last ninety days. 1.95% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Baird R W cut Blackbaud from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Robert W. Baird cut their price objective on Blackbaud from $80.00 to $76.00 and set a “neutral” rating on the stock in a research report on Wednesday. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $85.33.

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.