Blackbaud (NASDAQ:BLKB) Issues Quarterly Earnings Results

Blackbaud (NASDAQ:BLKB) posted its quarterly earnings results on Tuesday. The technology company reported $0.58 earnings per share (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 %

BLKB opened at $79.88 on Tuesday. Blackbaud has a one year low of $66.47 and a one 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. The business has a 50 day simple moving average of $77.07 and a two-hundred day simple moving average of $80.41. The firm has a market capitalization of $3.93 billion, a price-to-earnings ratio of 78.31 and a beta of 1.08.

Insider Transactions at Blackbaud

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

Wall Street Analysts Forecast Growth

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

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.