Blackbaud (NASDAQ:BLKB) Shares Down 5.5% - Time to Sell?

Key Points

• Shares fell 5.5% to $34.16 on Friday on thin volume (104,066 shares, about 80% below average), and the stock trades well below its 50- and 200-day moving averages ($45.14 and $55.62).
• Analyst sentiment is mixed (one Strong Buy, one Hold, one Sell) with an average rating of "Hold" and an average price target of $56.25, implying material upside from current levels.
• Blackbaud slightly beat EPS ($1.19 vs. $1.15) and revenue estimates but revenue was down 2.3% YoY; the company guided FY2026 to $5.15–$5.25 EPS, while insiders sold about 39,801 shares (~$1.89M) in the quarter.

Blackbaud, Inc. (NASDAQ:BLKB - Get Free Report) shares traded down 5.5% during mid-day trading on Friday . The stock traded as low as $34.07 and last traded at $34.16. 104,066 shares traded hands during trading, a decline of 80% from the average session volume of 512,835 shares. The stock had previously closed at $36.16.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Weiss Ratings reissued a "sell (d)" rating on shares of Blackbaud in a report on Wednesday, January 21st. Raymond James Financial set a $60.00 price objective on shares of Blackbaud in a report on Tuesday, February 10th. Zacks Research raised shares of Blackbaud from a "hold" rating to a "strong-buy" rating in a report on Friday, February 13th. Stifel Nicolaus set a $50.00 price objective on shares of Blackbaud in a report on Tuesday, February 10th. Finally, Evercore set a $55.00 price objective on shares of Blackbaud in a report on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $56.25.

Blackbaud Stock Performance

The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 12.78. The company's 50-day moving average price is $45.14 and its two-hundred day moving average price is $55.62. The company has a market cap of $1.59 billion, a P/E ratio of 14.48, a price-to-earnings-growth ratio of 1.28 and a beta of 1.18.

Blackbaud (NASDAQ:BLKB - Get Free Report) last posted its quarterly earnings data on Tuesday, February 10th. The technology company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.04. The company had revenue of $295.26 million during the quarter, compared to analyst estimates of $292.71 million. Blackbaud had a net margin of 10.19% and a return on equity of 175.57%. The business's revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.08 EPS. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. As a group, equities analysts forecast that Blackbaud, Inc. will post 3.05 earnings per share for the current year.

Insiders Place Their Bets

In other Blackbaud news, EVP David J. Benjamin sold 14,349 shares of the business's stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $47.47, for a total transaction of $681,147.03. Following the sale, the executive vice president owned 73,124 shares in the company, valued at approximately $3,471,196.28. The trade was a 16.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kevin Mcdearis sold 15,462 shares of the business's stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $46.43, for a total value of $717,900.66. Following the sale, the executive vice president owned 91,756 shares in the company, valued at approximately $4,260,231.08. The trade was a 14.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 39,801 shares of company stock worth $1,893,874. Company insiders own 1.97% of the company's stock.

Hedge Funds Weigh In On Blackbaud

Large investors have recently made changes to their positions in the business. Rothschild Investment LLC increased its holdings in shares of Blackbaud by 589.0% in the 4th quarter. Rothschild Investment LLC now owns 565 shares of the technology company's stock valued at $36,000 after purchasing an additional 483 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of Blackbaud by 380.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 615 shares of the technology company's stock valued at $39,000 after purchasing an additional 487 shares during the period. TD Private Client Wealth LLC increased its holdings in shares of Blackbaud by 4,300.0% in the 4th quarter. TD Private Client Wealth LLC now owns 616 shares of the technology company's stock valued at $39,000 after purchasing an additional 602 shares during the period. Quarry LP acquired a new position in Blackbaud in the third quarter worth approximately $46,000. Finally, Kestra Advisory Services LLC acquired a new position in Blackbaud in the fourth quarter worth approximately $47,000. Institutional investors and hedge funds own 94.21% of the company's stock.

Blackbaud Company Profile

Blackbaud, Inc is a leading provider of cloud software, services and data intelligence solutions designed specifically for the social good community. The company's main offerings include fundraising and relationship management platforms, financial management systems, grant and award management tools, and advanced analytics. Its flagship products—such as Raiser's Edge NXT, Blackbaud Financial Edge NXT and Blackbaud NetCommunity—help nonprofit organizations, educational institutions, healthcare providers and foundations streamline donor engagement, optimize financial operations and measure program impact.

Founded in 1981 and headquartered in Charleston, South Carolina, Blackbaud has grown from a small technology startup into a global specialist in nonprofit software.

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