Blackbaud (BLKB) Projected to Post Earnings on Tuesday

Blackbaud (NASDAQ:BLKB - Get Free Report) is projected to post its quarterly earnings results before the market opens on Tuesday, February 18th. Analysts expect Blackbaud to post earnings of $1.08 per share and revenue of $303.41 million for the quarter. Individual that wish to register for the company's earnings conference call can do so using this link.

Blackbaud Stock Performance

Shares of BLKB stock traded down $0.91 on Friday, hitting $79.88. 128,899 shares of the stock traded hands, compared to its average volume of 158,960. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.68 and a quick ratio of 0.68. The company has a market capitalization of $3.93 billion, a PE ratio of 78.31 and a beta of 1.08. Blackbaud has a 1-year low of $66.47 and a 1-year high of $88.95. The company's fifty day moving average is $77.03 and its 200 day moving average is $80.39.

Insider Buying and Selling

In other news, CFO Anthony W. Boor sold 10,000 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $84.85, for a total value of $848,500.00. Following the completion of the transaction, the chief financial officer now owns 140,262 shares of the company's stock, valued at approximately $11,901,230.70. This represents a 6.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Michael P. Gianoni sold 12,325 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $83.25, for a total value of $1,026,056.25. Following the completion of the transaction, the chief executive officer now directly owns 389,539 shares of the company's stock, valued at approximately $32,429,121.75. The trade was a 3.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 34,204 shares of company stock worth $2,909,997 in the last three months. 1.95% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Baird R W downgraded Blackbaud from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 31st. Robert W. Baird downgraded Blackbaud from an "outperform" rating to a "neutral" rating and lowered their price objective for the stock from $92.00 to $80.00 in a research note on Thursday, October 31st. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $86.67.

Blackbaud Company Profile

Blackbaud, Inc provides cloud software solutions to nonprofits, foundations, education institutions, and healthcare organizations in the United States and internationally. The company offers fundraising and engagement solutions, such as Blackbaud Raiser's Edge NXT, Blackbaud CRM, Blackbaud eTapestry, Blackbaud Luminate Online, Blackbaud TeamRaiser, JustGiving, Blackbaud Fundraiser Performance Management, Blackbaud Guided Fundraising, and Blackbaud Altru; and financial management solutions comprising Blackbaud Financial Edge NXT, Blackbaud Tuition Management, and Blackbaud Financial Aid and Billing Management.