Blackbaud (NASDAQ:BLKB) Shares Cross Above 200 Day Moving Average - Should You Sell?

Key Points

• Blackbaud shares rose above their 200-day moving average, trading as high as $53.59 and last changing hands at $53.24, compared with a 200-day average of $37.78.
• Analyst sentiment remains mixed: the stock carries a consensus “Hold” rating with an average price target of $49.50, although Robert W. Baird and Raymond James maintain “Outperform” ratings.
• Blackbaud exceeded quarterly EPS expectations, reporting $1.33 versus the $1.23 consensus estimate, while revenue increased 3.3% year over year; however, insiders sold 43,086 shares worth about $2.0 million over the past three months.

Blackbaud, Inc. (NASDAQ:BLKB - Get Free Report) crossed 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 trading hands.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Stifel Nicolaus dropped their target price on shares of Blackbaud from $45.00 to $30.00 and set a "hold" rating for the company in a research report on Friday, July 10th. Weiss Ratings upgraded shares of Blackbaud from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Thursday, September 24th. Robert W. Baird increased their price target on shares of Blackbaud from $54.00 to $58.00 and gave the stock an "outperform" rating in a research report on Tuesday, September 15th. Finally, Raymond James Financial reaffirmed an "outperform" rating and set a $55.00 price target on shares of Blackbaud in a research report on Wednesday, July 29th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $49.50.

Blackbaud Stock Up 3.1%

The company has a debt-to-equity ratio of 16.82, a quick ratio of 0.83 and a current ratio of 0.83. The firm has a market capitalization of $2.42 billion, a P/E ratio of 16.64, a P/E/G ratio of 1.77 and a beta of 1.04. The stock has a fifty day moving average price of $45.64 and a two-hundred day moving average price of $37.78.

Blackbaud (NASDAQ:BLKB - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The technology company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.10. The business had revenue of $290.60 million for the quarter, compared to analyst estimates of $292.23 million. Blackbaud had a return on equity of 197.49% and a net margin of 13.12%. The business's revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.21 EPS. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. Research analysts forecast that Blackbaud, Inc. will post 3.71 EPS for the current year.

Insider Buying and Selling at Blackbaud

In other news, CFO Chad Anderson sold 2,000 shares of the firm's stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $47.56, for a total value of $95,120.00. Following the transaction, the chief financial officer directly owned 59,883 shares in the company, valued at approximately $2,848,035.48. This trade represents a 3.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael Gianoni sold 17,000 shares of Blackbaud stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $47.35, for a total transaction of $804,950.00. Following the completion of the transaction, the chief executive officer directly owned 423,264 shares of the company's stock, valued at $20,041,550.40. This trade represents a 3.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 43,086 shares of company stock valued at $2,001,761 over the last three months. 2.01% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Blackbaud

Several institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. bought a new stake in Blackbaud in the 2nd quarter valued at about $177,153,000. Janus Henderson Group PLC boosted its stake in Blackbaud by 3.9% during the 1st quarter. Janus Henderson Group PLC now owns 1,555,833 shares of the technology company's stock valued at $60,071,000 after purchasing an additional 58,806 shares during the period. Jupiter Topco LLC bought a new position in Blackbaud in the 2nd quarter worth about $47,145,000. First Trust Advisors LP grew its position in Blackbaud by 2.9% in the 1st quarter. First Trust Advisors LP now owns 405,331 shares of the technology company's stock worth $15,650,000 after purchasing an additional 11,342 shares during the last quarter. Finally, Bank of America Corp DE bought a new position in Blackbaud in the 2nd quarter worth about $12,694,000. Institutional investors and hedge funds own 94.21% of the company's stock.

Blackbaud Company Profile

Blackbaud, Inc is a software company that provides cloud-based technology for nonprofit organizations and other social-impact institutions. Its solutions help organizations manage fundraising, donor relationships, financial operations, marketing, volunteer programs, grants, and constituent engagement.

The company's product portfolio includes customer relationship management and fundraising platforms, online giving and peer-to-peer fundraising tools, financial management software, grantmaking solutions, and systems for managing events, memberships, and communications.

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