Blackbaud (BLKB) Projected to Announce Quarterly Earnings on Monday

Blackbaud (NASDAQ:BLKB - Get Free Report) is expected to issue its quarterly earnings data after the market closes on Monday, February 10th. Analysts expect the company to announce earnings of $1.06 per share and revenue of $303.41 million for the quarter.

Blackbaud Stock Down 0.2 %

NASDAQ BLKB traded down $0.12 during trading on Thursday, reaching $78.71. 140,210 shares of the company's stock were exchanged, compared to its average volume of 164,113. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.79. The firm has a market capitalization of $3.88 billion, a PE ratio of 77.17 and a beta of 1.08. The company's fifty day simple moving average is $77.36 and its 200-day simple moving average is $80.37. Blackbaud has a fifty-two week low of $66.47 and a fifty-two week high of $88.95.

Insider Activity

In other news, Director Sarah E. Nash sold 3,100 shares of the firm's stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $83.98, for a total transaction of $260,338.00. Following the completion of the sale, the director now owns 23,723 shares of the company's stock, valued at approximately $1,992,257.54. This trade represents a 11.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Michael P. Gianoni sold 800 shares of the business's stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $83.15, for a total value of $66,520.00. Following the completion of the transaction, the chief executive officer now directly owns 373,293 shares in the company, valued at $31,039,312.95. The trade was a 0.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 43,923 shares of company stock worth $3,737,450. Corporate insiders own 1.95% of the company's stock.

Analyst Ratings Changes

BLKB has been the topic of several research reports. Baird R W lowered Blackbaud from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 31st. Robert W. Baird lowered shares of Blackbaud from an "outperform" rating to a "neutral" rating and dropped their price target for the company from $92.00 to $80.00 in a research report on Thursday, October 31st. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $86.67.

About Blackbaud

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.