Insider Selling: Blackbaud SVP Sells 3,399 Shares of Stock (BLKB)
Blackbaud (NASDAQ:BLKB) SVP Charles Cumbaa sold 3,399 shares of Blackbaud stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $37.50, for a total value of $127,462.50. Following the transaction, the senior vice president now directly owns 26,224 shares of the company’s stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Separately, analysts at Stifel Nicolaus upgraded shares of Blackbaud (NASDAQ:BLKB) from a “hold” rating to a “buy” rating in a research note to investors on Tuesday, August 27th. They now have a $51.00 price target on the stock.
Shares of Blackbaud (NASDAQ:BLKB) traded up 0.26% during mid-day trading on Thursday, hitting $38.51. The stock had a trading volume of 96,783 shares. Blackbaud has a one year low of $20.99 and a one year high of $38.84. The stock’s 50-day moving average is $35.40 and its 200-day moving average is $31.80. The company has a market cap of $1.715 billion and a P/E ratio of 110.69.
Blackbaud (NASDAQ:BLKB) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.25 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.28 by $0.03. The company had revenue of $125.50 million for the quarter, compared to the consensus estimate of $122.03 million. During the same quarter last year, the company posted $0.24 earnings per share. Blackbaud’s revenue was up 10.4% compared to the same quarter last year. Analysts expect that Blackbaud will post $1.28 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 13th. Stockholders of record on Wednesday, August 28th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Monday, August 26th.
Blackbaud, Inc is a global provider of software and related services designed specifically for nonprofit organizations.
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