Blackbaud SVP Charles T. Cumbaa Sells 1,779 Shares (BLKB)
Blackbaud (NASDAQ:BLKB) SVP Charles T. Cumbaa sold 1,779 shares of the company’s stock on the open market in a transaction dated Friday, June 6th. The shares were sold at an average price of $35.50, for a total transaction of $63,154.50. Following the completion of the sale, the senior vice president now directly owns 36,281 shares in the company, valued at approximately $1,287,976. The sale was disclosed in a filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Blackbaud from a “neutral” rating to an “outperform” rating in a research note on Tuesday, May 20th. They now have a $36.00 price target on the stock. Separately, analysts at Jefferies Group reiterated a “hold” rating on shares of Blackbaud in a research note on Tuesday, April 22nd. They now have a $33.00 price target on the stock, down previously from $36.00.
Shares of Blackbaud (NASDAQ:BLKB) traded up 0.87% during mid-day trading on Monday, hitting $36.04. The stock had a trading volume of 78,271 shares. Blackbaud has a 1-year low of $29.42 and a 1-year high of $42.23. The stock has a 50-day moving average of $32.97 and a 200-day moving average of $33.72. The company has a market cap of $1.626 billion and a price-to-earnings ratio of 51.86.
Blackbaud (NASDAQ:BLKB) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.24 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.20 by $0.04. The company had revenue of $127.60 million for the quarter, compared to the consensus estimate of $124.13 million. Analysts expect that Blackbaud will post $1.21 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, June 13th. Shareholders of record on Wednesday, May 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 1.33%. The ex-dividend date of this dividend is Friday, May 23rd.
Blackbaud, Inc is a global provider of software and related services designed specifically for nonprofit organizations.
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