Blackbaud, Inc. (BLKB) Insider Michael P. Gianoni Sells 28,839 Shares of Stock

Blackbaud, Inc. (NASDAQ:BLKB) insider Michael P. Gianoni sold 28,839 shares of Blackbaud stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $96.84, for a total transaction of $2,792,768.76. Following the sale, the insider now directly owns 332,419 shares in the company, valued at approximately $32,191,455.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Blackbaud, Inc. (NASDAQ:BLKB) traded up $0.95 during midday trading on Friday, hitting $100.05. The stock had a trading volume of 452,572 shares, compared to its average volume of 376,861. Blackbaud, Inc. has a fifty-two week low of $68.61 and a fifty-two week high of $104.55. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.63 and a current ratio of 0.81. The stock has a market cap of $4,765.68, a price-to-earnings ratio of 73.03, a PEG ratio of 5.01 and a beta of 0.75.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be issued a dividend of $0.12 per share. The ex-dividend date is Tuesday, February 27th. This represents a $0.48 annualized dividend and a dividend yield of 0.48%. Blackbaud’s dividend payout ratio is presently 35.04%.

Several hedge funds and other institutional investors have recently bought and sold shares of BLKB. QS Investors LLC raised its holdings in shares of Blackbaud by 157.1% during the 2nd quarter. QS Investors LLC now owns 1,800 shares of the technology company’s stock worth $154,000 after acquiring an additional 1,100 shares during the period. Contravisory Investment Management Inc. purchased a new position in shares of Blackbaud during the 4th quarter worth $157,000. First Republic Investment Management Inc. purchased a new position in shares of Blackbaud during the 4th quarter worth $204,000. Zeke Capital Advisors LLC purchased a new position in shares of Blackbaud during the 4th quarter worth $213,000. Finally, Two Sigma Advisers LP purchased a new position in shares of Blackbaud during the 4th quarter worth $217,000.

Several brokerages have issued reports on BLKB. Zacks Investment Research cut shares of Blackbaud from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Stifel Nicolaus lifted their target price on shares of Blackbaud from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. B. Riley lifted their target price on shares of Blackbaud from $82.00 to $90.00 and gave the stock a “neutral” rating in a research note on Thursday, February 8th. DA Davidson began coverage on shares of Blackbaud in a research note on Friday, February 2nd. They set a “neutral” rating and a $95.00 target price on the stock. Finally, BidaskClub cut shares of Blackbaud from a “hold” rating to a “sell” rating in a research note on Friday, January 19th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $97.50.

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About Blackbaud

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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