Aristides Capital LLC Has $1.86 Million Stock Holdings in Blackbaud, Inc. $BLKB

Aristides Capital LLC lifted its holdings in shares of Blackbaud, Inc. (NASDAQ:BLKB) by 63.5% during the 1st quarter, Holdings Channel reports. The firm owned 48,186 shares of the technology company’s stock after purchasing an additional 18,710 shares during the quarter. Aristides Capital LLC’s holdings in Blackbaud were worth $1,860,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in BLKB. Tudor Investment Corp ET AL acquired a new position in Blackbaud during the 3rd quarter worth approximately $10,586,000. UBS Group AG grew its position in shares of Blackbaud by 35.0% in the 4th quarter. UBS Group AG now owns 164,128 shares of the technology company’s stock valued at $10,393,000 after acquiring an additional 42,521 shares during the period. Van Berkom & Associates Inc. lifted its stake in Blackbaud by 16.7% in the 4th quarter. Van Berkom & Associates Inc. now owns 779,935 shares of the technology company’s stock valued at $49,385,000 after purchasing an additional 111,388 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Blackbaud by 143,409.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,207,179 shares of the technology company’s stock valued at $139,759,000 after purchasing an additional 2,205,641 shares during the last quarter. Finally, WINTON GROUP Ltd acquired a new stake in Blackbaud in the 4th quarter valued at about $4,533,000. 94.21% of the stock is owned by institutional investors and hedge funds.

Blackbaud Stock Performance

Shares of Blackbaud stock opened at $31.25 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 33.66. The company has a market cap of $1.44 billion, a PE ratio of 10.59, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01. The company has a 50 day moving average of $29.52 and a 200-day moving average of $39.94. Blackbaud, Inc. has a 1-year low of $25.58 and a 1-year high of $74.88.

Blackbaud (NASDAQ:BLKB) last announced its quarterly earnings data on Wednesday, April 29th. The technology company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.06. Blackbaud had a net margin of 12.41% and a return on equity of 176.76%. The business had revenue of $281.14 million for the quarter, compared to analysts’ expectations of $279.81 million. During the same period last year, the firm posted $0.96 earnings per share. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. As a group, equities research analysts forecast that Blackbaud, Inc. will post 3.57 earnings per share for the current fiscal year.

Insider Buying and Selling at Blackbaud

In related news, CFO Chad Anderson sold 6,205 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $31.31, for a total transaction of $194,278.55. Following the sale, the chief financial officer owned 62,869 shares of the company’s stock, valued at $1,968,428.39. This trade represents a 8.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.01% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Stifel Nicolaus cut their price target on Blackbaud from $45.00 to $30.00 and set a “hold” rating for the company in a report on Friday, July 10th. Weiss Ratings raised shares of Blackbaud from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, July 8th. Robert W. Baird upgraded shares of Blackbaud from a “neutral” rating to an “outperform” rating and decreased their price target for the company from $60.00 to $50.00 in a research note on Thursday, April 30th. Finally, Zacks Research cut shares of Blackbaud from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Blackbaud has a consensus rating of “Hold” and an average price target of $48.75.

Blackbaud 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.