Blackbaud, Inc. (NASDAQ:BLKB) COO Kevin P. Gregoire sells 1,800 shares

Blackbaud, Inc. (NASDAQ:BLKB – Get Rating) COO Kevin P. Gregoire sold 1,800 shares of the company in a trade dated Thursday, August 11. The stock was sold at an average price of $57.10, for a total value of $102,780.00. Following completion of the transaction, the COO now owns 98,381 shares of the company, valued at $5,617,555.10. The sale was disclosed in a filing with the SEC, accessible via this hyperlink.

Blackbaud trades up 0.5%

NASDAQ: BLKB traded down $0.27 during Friday trading hours, hitting $57.47. The company’s shares had a trading volume of 211,060 shares, compared to an average volume of 363,392. The company has a 50-day simple moving average of $58.06 and a 200-day simple moving average of 59. $66. The company has a debt ratio of 1.28, a quick ratio of 0.73 and a current ratio of 0.73. Blackbaud, Inc. has a 1-year low of $48.52 and a 1-year high of $86.96. The company has a market capitalization of $3.05 billion, a price/earnings ratio of -198.20, a PEG ratio of 13.48 and a beta of 0.98.

Blackbaud Inc (NASDAQ:BLKB – Get Rating) last released its quarterly earnings data on Tuesday, August 2. The technology company reported EPS of $0.75 for the quarter, beating the consensus estimate of $0.69 by $0.06. Blackbaud had a negative net margin of 1.47% and a positive return on equity of 8.04%. During the same period last year, the company posted earnings per share of $0.32. Research analysts expect Blackbaud, Inc. to post EPS of 0.75 for the current fiscal year.

Hedge funds weigh on Blackbaud

Several hedge funds and other institutional investors have been buying and selling stocks recently. First Horizon Advisors Inc. increased its stake in Blackbaud shares by 112.0% in the 4th quarter. First Horizon Advisors Inc. now owns 458 shares of the technology company worth $36,000 after buying 242 more shares in the last quarter. UMB Bank NA MO bought a new stake in Blackbaud in the fourth quarter worth $39,000. UMB Bank na increased its position in Blackbaud shares by 51.0% during the 2nd quarter. UMB Bank na now owns 811 shares of the technology company worth $47,000 after buying an additional 274 shares in the last quarter. Lazard Asset Management LLC increased its position in Blackbaud by 21.0% in the 4th quarter. Lazard Asset Management LLC now owns 1,210 shares of the technology company valued at $95,000 after acquiring 210 additional shares last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in Blackbaud by 28.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,536 shares of the technology company valued at $121,000 after acquiring 343 additional shares in the last quarter. Institutional investors hold 95.57% of the company’s shares.

About Blackbaud

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Blackbaud, Inc provides cloud software solutions to institutions of higher learning, K-12 schools, healthcare organizations, faith communities, arts and cultural organizations, foundations, corporations and individual change agents in United States and around the world. The company offers fundraising and relationship management solutions, such as Blackbaud Raiser’s Edge NXT and Blackbaud CRM, Blackbaud eTapestry, Blackbaud TeamRaiser, JustGiving and Blackbaud Guided Fundraising and Blackbaud Volunteer Network Fundraising; marketing and engagement solutions, including Blackbaud Luminate Online, Blackbaud Online Express and Blackbaud School Website System; and financial management solutions including Blackbaud Financial Edge NXT, Blackbaud Tuition Management and Blackbaud Financial Aid Management.

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