Blackbaud SVP Sells $243,653 in Stock (BLKB)
Blackbaud (NASDAQ:BLKB) SVP Charles Cumbaa sold 5,836 shares of Blackbaud stock on the open market in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $41.75, for a total value of $243,653.00. Following the transaction, the senior vice president now directly owns 26,224 shares in the company, valued at approximately $1,094,852. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Blackbaud (NASDAQ:BLKB) traded up 3.27% on Tuesday, hitting $42.00. The stock had a trading volume of 222,928 shares. Blackbaud has a 52 week low of $20.99 and a 52 week high of $38.84. The stock has a 50-day moving average of $35.63 and a 200-day moving average of $31.92. The company has a market cap of $1.871 billion and a P/E ratio of 117.20.
Blackbaud (NASDAQ:BLKB) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.25 earnings per share (EPS) for the quarter, missing the 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 in the prior year, the company posted $0.24 earnings per share. The company’s quarterly revenue was up 10.4% on a year-over-year basis. On average, analysts predict that Blackbaud will post $1.27 earnings per share for the current fiscal year.
A number of research firms have recently commented on BLKB. Analysts at Zacks upgraded shares of Blackbaud from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, October 3rd. They now have a $42.30 price target on the stock. Analysts at Stifel Nicolaus upgraded shares of Blackbaud 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.
Blackbaud, Inc is a global provider of software and related services designed specifically for nonprofit organizations.
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