Insider Selling: Blackbaud, Inc. (BLKB) Insider Sells 4,225 Shares of Stock

Blackbaud, Inc. (NASDAQ:BLKB) insider Michael P. Gianoni sold 4,225 shares of the business’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $94.79, for a total transaction of $400,487.75. Following the transaction, the insider now owns 256,966 shares in the company, valued at $24,357,807.14. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Shares of Blackbaud, Inc. (NASDAQ:BLKB) traded up $2.13 during trading hours on Wednesday, reaching $97.33. 361,629 shares of the company were exchanged, compared to its average volume of 309,153. The company has a market capitalization of $4,507.92, a PE ratio of 70.80, a PEG ratio of 4.86 and a beta of 0.75. Blackbaud, Inc. has a 12-month low of $68.61 and a 12-month high of $104.55. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.81 and a quick ratio of 0.63.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 28th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend is Tuesday, February 27th. Blackbaud’s dividend payout ratio is presently 35.04%.

Several equities analysts have recently commented on BLKB shares. B. Riley set a $82.00 price target on shares of Blackbaud and gave the company a “hold” rating in a report on Thursday, October 19th. Robert W. Baird boosted their price target on shares of Blackbaud from $85.00 to $95.00 and gave the company a “neutral” rating in a report on Monday, October 23rd. Citigroup set a $112.00 price target on shares of Blackbaud and gave the company a “buy” rating in a report on Friday, October 27th. Zacks Investment Research upgraded shares of Blackbaud from a “hold” rating to a “buy” rating and set a $115.00 price target on the stock in a report on Monday, October 30th. Finally, Dougherty & Co started coverage on shares of Blackbaud in a report on Tuesday, October 31st. They set a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $95.33.

A number of large investors have recently modified their holdings of BLKB. QS Investors LLC boosted its holdings in Blackbaud by 157.1% in the second quarter. QS Investors LLC now owns 1,800 shares of the technology company’s stock worth $154,000 after purchasing an additional 1,100 shares in the last quarter. Contravisory Investment Management Inc. bought a new stake in Blackbaud in the fourth quarter worth $157,000. First Republic Investment Management Inc. bought a new stake in Blackbaud in the fourth quarter worth $204,000. Two Sigma Advisers LP bought a new stake in Blackbaud in the fourth quarter worth $217,000. Finally, Verition Fund Management LLC bought a new stake in Blackbaud in the second quarter worth $228,000.

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Blackbaud Company Profile

Blackbaud, Inc is a cloud software company. The Company offers a range of cloud and on-premise solutions, as well as a resource network that empowers and connects organizations of all sizes. Its segments include the General Markets Business Unit (the GMBU), the Enterprise Customer Business Unit (the ECBU) and the International Business Unit (the IBU).

Insider Buying and Selling by Quarter for Blackbaud (NASDAQ:BLKB)

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