Blackbaud, Inc. (NASDAQ:BLKB – Get Rating) Senior Vice President Jon W. Olson sold 2,000 shares of Blackbaud in a transaction on Wednesday, May 31. The shares sold at an average price of $72.04, for a total value of $144,080.00. Following the completion of the sale, the senior vice president now directly owns 45,152 shares of the company, valued at approximately $3,252,750.08. The transaction was disclosed in a document filed with the SEC, which is available through the SEC’s website.
Blackbaud Price Performance
Shares of NASDAQ:BLKB were up $1.55 during trading on Friday, reaching $74.04. 231,620 company shares were exchanged, compared to its average volume of 233,591. The company has a quick ratio of 0.67, a current ratio of 0.67, and a debt-to-equity ratio of 1.19. Blackbaud, Inc. has a 1-year minimum of $43.54 and a 1-year maximum of $74.34. The company has a market capitalization of $3.99 billion, a P/E ratio of -76.82, a price/earnings growth ratio of 3.67, and a beta of 1.20. The company’s 50-day moving average is $69.05 and its 200-day moving average is $62.42.
Blackbaud Institutional Negotiation
Several institutional investors have recently modified their holdings in the business. Migdal Insurance & Financial Holdings Ltd. increased its stake in Blackbaud shares by 58.8% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 408 shares of the tech company valued at $28,000 after purchasing an additional 151 shares during the period. Amalgamated Bank increased its holdings in Blackbaud shares by 0.6% in the third quarter. Amalgamated Bank now owns 31,217 shares of the technology company worth $1,375,000 after acquiring an additional 186 shares during the last quarter. The New York State Teachers Retirement System increased its holdings in Blackbaud stock by 0.3% in the fourth quarter. The New York State Teacher Retirement System now owns 67,569 shares of the technology company worth $3,977,000 after purchasing an additional 200 shares last quarter. Bank of Hawaii increased its holdings in Blackbaud shares by 2.6% in the third quarter. Bank of Hawaii now owns 8,684 shares of the tech company worth $383,000 after acquiring an additional 217 shares last quarter. Finally, Guggenheim Capital LLC increased its stake in Blackbaud shares by 4.2% in the third quarter. Guggenheim Capital LLC now owns 6,064 shares of the tech company worth $268,000 after acquiring an additional 243 shares during the last quarter. Institutional investors own 97.39% of the company’s shares.
Analysts set new price targets
BLKB has been the subject of several analyst reports. Robert W. Baird upgraded Blackbaud from a “neutral” rating to an “outperform” rating and raised his price target for the company from $66.00 to $84.00 in a Thursday, May 4, report. StockNews.com downgraded Blackbaud shares from a “buy” rating to a “hold” rating in a research report on Friday, May 12.
Blackbaud company profile
Blackbaud, Inc is dedicated to providing cloud-based and on-premises software solutions and related services to the global philanthropic community. It offers solutions for fundraising and constituent relationship management (CRM), marketing, promotion, accounting, peer-to-peer fundraising, corporate social responsibility (CSR), school management, ticketing, financial management, payment processing, and analysis.
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