Blackbaud (NASDAQ:BLKB) Share Price Breaks Above Two Hundred Day Moving Average – Should You Sell?

Blackbaud, Inc. (NASDAQ:BLKB) shares passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $37.78 and traded as high as $53.59. Blackbaud shares last traded at $53.24, with a volume of 428,777 shares changing hands.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Stifel Nicolaus cut their price target on Blackbaud from $45.00 to $30.00 and set a “hold” rating for the company in a report on Friday, July 10th. Raymond James Financial reiterated an “outperform” rating and issued a $55.00 price objective on shares of Blackbaud in a report on Wednesday, July 29th. Weiss Ratings raised shares of Blackbaud from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday. Finally, Robert W. Baird raised their target price on shares of Blackbaud from $54.00 to $58.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 15th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $49.50.

Blackbaud Stock Up 0.2%

The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 16.82. The stock has a market cap of $2.44 billion, a P/E ratio of 16.77, a PEG ratio of 1.82 and a beta of 1.04. The firm has a 50-day simple moving average of $45.80 and a two-hundred day simple moving average of $37.89.

Blackbaud (NASDAQ:BLKB) last announced its earnings results on Wednesday, July 29th. The technology company reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.10. Blackbaud had a net margin of 13.12% and a return on equity of 197.49%. The company had revenue of $290.60 million during the quarter, compared to analysts’ expectations of $292.23 million. During the same quarter in the previous year, the business posted $1.21 earnings per share. Blackbaud’s quarterly revenue was up 3.3% on a year-over-year basis. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. Equities research analysts expect that Blackbaud, Inc. will post 3.71 earnings per share for the current fiscal year.

Insider Buying and Selling at Blackbaud

In related news, CFO Chad Anderson sold 2,000 shares of the stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $47.56, for a total transaction of $95,120.00. Following the sale, the chief financial officer owned 59,883 shares of the company’s stock, valued at $2,848,035.48. This represents a 3.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP David J. Benjamin sold 2,086 shares of the stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $48.27, for a total value of $100,691.22. Following the sale, the executive vice president directly owned 71,038 shares in the company, valued at $3,429,004.26. This represents a 2.85% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 43,086 shares of company stock valued at $2,001,761 in the last three months. Corporate insiders own 2.01% of the company’s stock.

Hedge Funds Weigh In On Blackbaud

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Palisade Capital Management LP acquired a new position in shares of Blackbaud in the 2nd quarter valued at approximately $6,171,000. Wedge Capital Management L L P NC boosted its position in shares of Blackbaud by 117.1% during the 2nd quarter. Wedge Capital Management L L P NC now owns 101,975 shares of the technology company’s stock worth $3,020,000 after acquiring an additional 54,997 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Blackbaud during the 1st quarter worth approximately $1,351,000. Bank of America Corp DE acquired a new stake in shares of Blackbaud during the 2nd quarter worth approximately $12,694,000. Finally, Legal & General Group Plc bought a new position in Blackbaud in the second quarter valued at approximately $2,423,000. 94.21% of the stock is owned by institutional investors and hedge funds.

Blackbaud Company Profile

Blackbaud, Inc (NASDAQ: BLKB) develops cloud-based software and services for nonprofit organizations, educational institutions, healthcare and other social-impact organizations. Its technology helps customers manage fundraising, donor relationships, financial operations, grantmaking, marketing, ticketing, payments and community engagement.

The company’s product portfolio includes solutions such as Raiser’s Edge NXT for nonprofit fundraising and constituent relationship management, Financial Edge NXT for nonprofit accounting, Luminate for online fundraising and advocacy, Grantmaking, Blackbaud Tuition Management, and Altru for cultural organizations.