Blackbaud, Inc. (NASDAQ:BLKB) Short Interest Up 56.7% in February

Blackbaud, Inc. (NASDAQ:BLKB) was the recipient of a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 1,868,069 shares, a growth of 56.7% from the January 29th total of 1,192,397 shares. Currently, 4.1% of the shares of the company are short sold. Based on an average daily trading volume, of 686,269 shares, the short-interest ratio is presently 2.7 days. Based on an average daily trading volume, of 686,269 shares, the short-interest ratio is presently 2.7 days. Currently, 4.1% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on BLKB shares. Wall Street Zen raised shares of Blackbaud from a “hold” rating to a “buy” rating in a report on Sunday, November 9th. Raymond James Financial set a $60.00 price target on Blackbaud in a research report on Tuesday, February 10th. Zacks Research raised Blackbaud from a “hold” rating to a “strong-buy” rating in a report on Friday, February 13th. Robert W. Baird set a $60.00 target price on Blackbaud in a research report on Wednesday, February 11th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Blackbaud in a report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $56.25.

Blackbaud Stock Down 0.6%

Shares of BLKB opened at $48.54 on Friday. The firm has a 50 day simple moving average of $55.05 and a two-hundred day simple moving average of $60.40. The company has a debt-to-equity ratio of 12.78, a current ratio of 0.79 and a quick ratio of 0.79. Blackbaud has a one year low of $45.71 and a one year high of $74.88. The company has a market cap of $2.23 billion, a P/E ratio of 20.40, a P/E/G ratio of 1.67 and a beta of 1.10.

Blackbaud (NASDAQ:BLKB) last issued its earnings results on Tuesday, February 10th. The technology company reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $0.04. Blackbaud had a return on equity of 175.57% and a net margin of 10.19%.The firm had revenue of $295.26 million for the quarter, compared to the consensus estimate of $292.71 million. During the same quarter last year, the business posted $1.08 EPS. The company’s revenue was down 2.3% compared to the same quarter last year. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. Research analysts forecast that Blackbaud will post 3.05 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP David J. Benjamin sold 14,349 shares of the business’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $47.47, for a total value of $681,147.03. Following the completion of the sale, the executive vice president owned 73,124 shares of the company’s stock, valued at approximately $3,471,196.28. The trade was a 16.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Kevin Mcdearis sold 15,462 shares of the company’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $46.43, for a total transaction of $717,900.66. Following the completion of the transaction, the executive vice president owned 91,756 shares in the company, valued at $4,260,231.08. This trade represents a 14.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 37,801 shares of company stock valued at $1,793,834 in the last three months. Insiders own 1.97% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BLKB. CWM LLC lifted its holdings in shares of Blackbaud by 215.9% in the second quarter. CWM LLC now owns 458 shares of the technology company’s stock worth $29,000 after acquiring an additional 313 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in Blackbaud during the 2nd quarter worth approximately $33,000. Rothschild Investment LLC increased its position in Blackbaud by 589.0% during the 4th quarter. Rothschild Investment LLC now owns 565 shares of the technology company’s stock worth $36,000 after purchasing an additional 483 shares in the last quarter. TD Private Client Wealth LLC lifted its stake in Blackbaud by 4,300.0% in the 4th quarter. TD Private Client Wealth LLC now owns 616 shares of the technology company’s stock valued at $39,000 after purchasing an additional 602 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in Blackbaud by 380.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 615 shares of the technology company’s stock valued at $39,000 after buying an additional 487 shares in the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

Blackbaud Company Profile

Blackbaud, Inc is a leading provider of cloud software, services and data intelligence solutions designed specifically for the social good community. The company’s main offerings include fundraising and relationship management platforms, financial management systems, grant and award management tools, and advanced analytics. Its flagship products—such as Raiser’s Edge NXT, Blackbaud Financial Edge NXT and Blackbaud NetCommunity—help nonprofit organizations, educational institutions, healthcare providers and foundations streamline donor engagement, optimize financial operations and measure program impact.

Founded in 1981 and headquartered in Charleston, South Carolina, Blackbaud has grown from a small technology startup into a global specialist in nonprofit software.