最新ニュース Blackbaud (NASDAQ:BLKB) 株価情報

Blackbaud

Founded in 1981, Blackbaud provides software solutions designed to serve the "social good" community, including nonprofits, foundations, corporations, educational institutions, healthcare institutions, and individual change agents. Through M&A and organic product development efforts, the company has also moved into related areas outside core fundraising, notably into K-12 schools. The firm enables more than $100 billion in donations annually across a customer base in excess of 40,000 customers in over 100 countries.

Blackbaud Inc

Revealing a significant insider sell on November 21, Michael Gianoni, President and CEO at Blackbaud (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLKB#NASDAQ">BLKB</a>), as per the latest SEC filing.
What Happened: A Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001280058/000157856324000460//Archives/edgar/data/1280058/000157856324000460/0001578563-24-000460-index.htm">U.S. Securities and Exchange Commission</a> on Thursday outlined that Gianoni executed a sale of 28,571 shares of Blackbaud with a total value of $2,370,648.
Monitoring the market, Blackbaud's shares up by 0.01% at $85.38 during Friday's morning.
<h3>Get to Know Blackbaud Better</h3>
Founded in 1981, Blackbaud provides software solutions designed to serve the "social good" community, including nonprofits, foundations, corporations, educational institutions, healthcare institutions, and individual change agents. Through M&amp;A and organic product development efforts, the company has also moved into related areas outside core fundraising, notably into K-12 schools. The firm enables more than $100 billion in donations annually across a customer base in excess of 40,000 customers in over 100 countries.
<h3>Blackbaud's Economic Impact: An Analysis</h3>
Revenue Growth: Blackbaud displayed positive results in 3 months. As of 30 September, 2024, the company achieved a solid revenue growth rate of approximately 3.28%. This indicates a notable increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.
Interpreting Earnings Metrics:
<ul>
<li>
Gross Margin: With a low gross margin of 55.53%, the company exhibits below-average profitability, signaling potential struggles in cost efficiency compared to its industry peers.
</li>
<li>
Earnings per Share (EPS): With an EPS below industry norms, Blackbaud exhibits below-average bottom-line performance with a current EPS of 0.41.
</li>
</ul>
Debt Management: Blackbaud's debt-to-equity ratio surpasses industry norms, standing at 1.9. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
Financial Valuation Breakdown:
<ul>
<li>
Price to Earnings (P/E) Ratio: Blackbaud's current Price to Earnings (P/E) ratio of 84.52 is higher than the industry average, indicating that the stock may be overvalued according to market sentiment.
</li>
<li>
Price to Sales (P/S) Ratio: The current P/S ratio of 3.97 is below industry norms, suggesting potential undervaluation and presenting an investment opportunity for those considering sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Blackbaud's EV/EBITDA ratio at 20.47 suggests potential undervaluation, falling below industry averages.
</li>
</ul>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Exploring the Significance of Insider Trading</h3>
While insider transactions provide valuable information, they should be part of a broader analysis in making investment decisions.
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Important Transaction Codes</h3>
Delving into transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> typically prioritize those unfolding in the open market, as precisely outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001280058">Check Out The Full List Of Blackbaud's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
Benzinga Edge reveals every insider trade in real-time. Don't miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22in8&amp;utm_source=benzinga-insights">Click here for access</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Insider Trades

Trading Ideas

BLKB

Michael Gianoni Executes Sell Order: Offloads $2.37M In Blackbaud Stock

Making a noteworthy insider sell on November 21, Sarah Nash, Board Member at Blackbaud (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLKB#NASDAQ">BLKB</a>), is reported in the latest SEC filing.
What Happened: Nash's decision to sell 1,600 shares of Blackbaud was revealed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001280058/000157856324000462//Archives/edgar/data/1280058/000157856324000462/0001578563-24-000462-index.htm">U.S. Securities and Exchange Commission</a> on Thursday. The total value of the sale is $133,542.
The latest update on Friday morning shows Blackbaud shares up by 0.01%, trading at $85.38.
<h3>Discovering Blackbaud: A Closer Look</h3>
Founded in 1981, Blackbaud provides software solutions designed to serve the "social good" community, including nonprofits, foundations, corporations, educational institutions, healthcare institutions, and individual change agents. Through M&amp;A and organic product development efforts, the company has also moved into related areas outside core fundraising, notably into K-12 schools. The firm enables more than $100 billion in donations annually across a customer base in excess of 40,000 customers in over 100 countries.
<h3>Understanding the Numbers: Blackbaud's Finances</h3>
Revenue Growth: Blackbaud displayed positive results in 3 months. As of 30 September, 2024, the company achieved a solid revenue growth rate of approximately 3.28%. This indicates a notable increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.
Interpreting Earnings Metrics:
<ul>
<li>
Gross Margin: The company faces challenges with a low gross margin of 55.53%, suggesting potential difficulties in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Blackbaud's EPS is below the industry average. The company faced challenges with a current EPS of 0.41. This suggests a potential decline in earnings.
</li>
</ul>
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 1.9, caution is advised due to increased financial risk.
Insights into Valuation Metrics:
<ul>
<li>
Price to Earnings (P/E) Ratio: The current Price to Earnings ratio of 84.52 is higher than the industry average, indicating the stock is priced at a premium level according to the market sentiment.
</li>
<li>
Price to Sales (P/S) Ratio: With a P/S ratio of 3.97 below industry standards, the stock shows potential undervaluation, making it an appealing investment option for those focusing on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With a below-average EV/EBITDA ratio of 20.47, Blackbaud presents an opportunity for value investors. This lower valuation may attract investors seeking undervalued opportunities.
</li>
</ul>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Why Pay Attention to Insider Transactions</h3>
Insider transactions are not the sole determinant of investment choices, but they are a factor worth considering.
In the realm of legality, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities under Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are required to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Notably, when a company insider makes a new purchase, it is considered an indicator of their positive expectations for the stock.
Conversely, insider sells may not necessarily signal a bearish stance on the stock and can be motivated by various factors.
<h3>Understanding Crucial Transaction Codes</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates grant, award or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001280058">Check Out The Full List Of Blackbaud's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
Benzinga Edge reveals every insider trade in real-time. Don't miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22in8&amp;utm_source=benzinga-insights">Click here for access</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Blackbaud Board Member Trades Company's Stock

Flywire's integrated offering with Blackbaud will provide international students studying at over 1,000 U.S. independent schools with a streamlined payment experience, from enrollment through to tuition
Partnership strengthens Flywire's commitment to the K-12 education market in the United States

FLYW

Flywire Partners With Blackbaud To Streamline Tuition Payment Experience for International K-12 Students In U.S.

Revealing a significant insider sell on November 14, Kevin Gregoire, EVP at Blackbaud (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLKB#NASDAQ">BLKB</a>), as per the latest SEC filing.
What Happened: Gregoire's recent Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001280058/000157856324000443//Archives/edgar/data/1280058/000157856324000443/0001578563-24-000443-index.htm">U.S. Securities and Exchange Commission</a> on Thursday unveiled the sale of 6,619 shares of Blackbaud. The total transaction value is $567,096.
At Friday morning, Blackbaud shares are up by 0.21%, trading at $84.18.
<h3>Get to Know Blackbaud Better</h3>
Founded in 1981, Blackbaud provides software solutions designed to serve the "social good" community, including nonprofits, foundations, corporations, educational institutions, healthcare institutions, and individual change agents. Through M&amp;A and organic product development efforts, the company has also moved into related areas outside core fundraising, notably into K-12 schools. The firm enables more than $100 billion in donations annually across a customer base in excess of 40,000 customers in over 100 countries.
<h3>Understanding the Numbers: Blackbaud's Finances</h3>
Revenue Growth: Over the 3 months period, Blackbaud showcased positive performance, achieving a revenue growth rate of 3.28% as of 30 September, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.
Insights into Profitability:
<ul>
<li>
Gross Margin: The company shows a low gross margin of 55.53%, indicating concerns regarding cost management and overall profitability relative to its industry counterparts.
</li>
<li>
Earnings per Share (EPS): Blackbaud's EPS outshines the industry average, indicating a strong bottom-line trend with a current EPS of 0.41.
</li>
</ul>
Debt Management: Blackbaud's debt-to-equity ratio is notably higher than the industry average. With a ratio of 1.9, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
Valuation Overview:
<ul>
<li>
Price to Earnings (P/E) Ratio: Blackbaud's stock is currently priced at a premium level, as reflected in the higher-than-average P/E ratio of 83.17.
</li>
<li>
Price to Sales (P/S) Ratio: The Price to Sales ratio is 3.91, which is lower than the industry average. This suggests a possible undervaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With an EV/EBITDA ratio lower than industry averages at 20.2, Blackbaud could be considered undervalued.
</li>
</ul>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Why Insider Transactions Are Important</h3>
While insider transactions should not be the sole basis for making investment decisions, they can play a significant role in an investor's decision-making process.
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Essential Transaction Codes Unveiled</h3>
When it comes to transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> tend to focus on those in the open market, detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S indicates a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001280058">Check Out The Full List Of Blackbaud's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
Benzinga Edge reveals every insider trade in real-time. Don't miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22in8&amp;utm_source=benzinga-insights">Click here for access</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

EVP At Blackbaud Sells $567K Of Stock

Sarah Nash, Director at Blackbaud (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLKB#NASDAQ">BLKB</a>), disclosed an insider sell on November 13, according to a recent SEC filing.
What Happened: Nash's decision to sell 3,100 shares of Blackbaud was revealed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001280058/000157856324000440//Archives/edgar/data/1280058/000157856324000440/0001578563-24-000440-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday. The total value of the sale is $260,344.
Blackbaud's shares are actively trading at $86.6, experiencing a down of 0.0% during Thursday's morning session.
<h3>Get to Know Blackbaud Better</h3>
Founded in 1981, Blackbaud provides software solutions designed to serve the "social good" community, including nonprofits, foundations, corporations, educational institutions, healthcare institutions, and individual change agents. Through M&amp;A and organic product development efforts, the company has also moved into related areas outside core fundraising, notably into K-12 schools. The firm enables more than $100 billion in donations annually across a customer base in excess of 40,000 customers in over 100 countries.
<h3>Understanding the Numbers: Blackbaud's Finances</h3>
Revenue Growth: Blackbaud displayed positive results in 3 months. As of 30 September, 2024, the company achieved a solid revenue growth rate of approximately 3.28%. This indicates a notable increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.
Evaluating Earnings Performance:
<ul>
<li>
Gross Margin: The company shows a low gross margin of 55.53%, indicating concerns regarding cost management and overall profitability relative to its industry counterparts.
</li>
<li>
Earnings per Share (EPS): Blackbaud's EPS is notably higher than the industry average. The company achieved a positive bottom-line trend with a current EPS of 0.41.
</li>
</ul>
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 1.9, caution is advised due to increased financial risk.
Assessing Valuation Metrics:
<ul>
<li>
Price to Earnings (P/E) Ratio: With a higher-than-average P/E ratio of 85.71, Blackbaud's stock is perceived as being overvalued in the market.
</li>
<li>
Price to Sales (P/S) Ratio: The Price to Sales ratio is 4.03, which is lower than the industry average. This suggests a possible undervaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With an EV/EBITDA ratio lower than industry averages at 20.7, Blackbaud could be considered undervalued.
</li>
</ul>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Uncovering the Importance of Insider Activity</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however an insider transaction can be an important factor in the investing decision. 
In the context of legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as outlined by Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are obligated to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.
Despite insider sells not always signaling a bearish sentiment, they can be driven by various factors.
<h3>Unlocking the Meaning of Transaction Codes</h3>
For <a href="https://www.benzinga.com/money/investing-tools">investors</a>, a primary focus lies on transactions occurring in the open market, as indicated in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001280058">Check Out The Full List Of Blackbaud's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
Benzinga Edge reveals every insider trade in real-time. Don't miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22in8&amp;utm_source=benzinga-insights">Click here for access</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Blackbaud Director Sold $260K In Company Stock

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Shares of software companies are trading higher in sympathy with overall market strength after Donald Trump was elected president of the United States.

Baird analyst Rob Oliver downgrades Blackbaud (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLKB#NASDAQ">BLKB</a>) from Outperform to Neutral and lowers the price target from $92 to $80.

Downgrades

Price Target

Analyst Ratings

Baird Downgrades Blackbaud to Neutral, Lowers Price Target to $80

<h3>Gainers</h3>
<ul>
<li>Maxeon Solar Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAXN#NASDAQ">MAXN</a>) stock moved upwards by 57.8% to $9.83 during Wednesday's regular session. The company's market cap stands at $150.3 million. </li>
<li>Unisys (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UIS#NYSE">UIS</a>) stock increased by 31.59% to $7.08. The market value of their outstanding shares is at $490.1 million. As per the press release, Q3 earnings came out yesterday. </li>
<li>Atomera (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATOM#NASDAQ">ATOM</a>) shares moved upwards by 17.11% to $3.9. The company's market cap stands at $108.4 million. As per the news, the Q3 earnings report came out yesterday. </li>
<li>Extreme Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXTR#NASDAQ">EXTR</a>) stock rose 14.02% to $16.21. The company's market cap stands at $2.1 billion. As per the news, the Q1 earnings report came out today. </li>
<li>Iveda Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IVDA#NASDAQ">IVDA</a>) stock rose 13.73% to $1.63. The market value of their outstanding shares is at $3.6 million. </li>
<li>Pros Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRO#NYSE">PRO</a>) stock rose 11.81% to $21.67. The company's market cap stands at $1.0 billion. As per the news, the Q3 earnings report came out yesterday. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Super Micro Computer (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) shares declined by 31.8% to $33.5 during Wednesday's regular session. The company's market cap stands at $19.6 billion. </li>
<li>Qorvo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QRVO#NASDAQ">QRVO</a>) shares declined by 26.88% to $73.47. The market value of their outstanding shares is at $6.9 billion. The company's, Q2 earnings came out yesterday. </li>
<li>DatChat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DATS#NASDAQ">DATS</a>) shares declined by 21.6% to $1.47. The company's market cap stands at $4.4 million. </li>
<li>ARB IOT Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARBB#NASDAQ">ARBB</a>) stock fell 14.57% to $0.47. The company's market cap stands at $12.4 million. </li>
<li>Blackbaud (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLKB#NASDAQ">BLKB</a>) stock fell 14.52% to $74.78. The market value of their outstanding shares is at $3.8 billion. As per the press release, Q3 earnings came out today. </li>
<li>Phunware (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PHUN#NASDAQ">PHUN</a>) stock declined by 13.42% to $7.52. The company's market cap stands at $85.2 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Maxeon Solar Technologies, Ltd. - Ordinary Shares

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PHUN

QRVO

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12 Information Technology Stocks Moving In Wednesday's Intraday Session

Blackbaud shares are trading lower after the company reported worse-than-expected Q3 financial results and cut its FY24 guidance.

Financial Outlook
Blackbaud today revised its 2024 full year financial guidance:
•GAAP revenue of $1.150 billion to $1.160 billion
•Non-GAAP adjusted EBITDA margin of 33.0% to 34.0%
•Non-GAAP earnings per share of $3.98 to $4.16
•Non-GAAP adjusted free cash flow of $235 million to $245 million
Included in its 2024 full year financial guidance are the following updated assumptions:
•Non-GAAP annualized effective tax rate is expected to be approximately 24.5%
•Interest expense for the year is expected to be approximately $53 million to $57 million
•Fully diluted shares for the year are expected to be approximately 51.0 million to 52.0 million
•Capital expenditures for the year are expected to be approximately $65 million to $75 million, including approximately $60 million to $70 million of capitalized software and content development costs

Guidance

Blackbaud Expects FY24 GAAP Revenue Of $1.15B-$1.16B (Prior $1.164B-$1.194B) Vs Est $1.17B, Adj EPS Of $3.98-$4.16 (Prior $4.12-$4.38) Vs Est $4.19

Earnings

Earnings Misses

Blackbaud Q3 2024 Adj. EPS $0.99 Misses $1.07 Estimate, Sales $286.727M Miss $293.780M Estimate

Raymond James analyst Brian Peterson maintains Blackbaud (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLKB#NASDAQ">BLKB</a>) with a Outperform and lowers the price target from $98 to $95.

Raymond James Maintains Outperform on Blackbaud, Lowers Price Target to $95

Stifel analyst Parker Lane maintains Blackbaud (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLKB#NASDAQ">BLKB</a>) with a Hold and raises the price target from $80 to $85.

Stifel Maintains Hold on Blackbaud, Raises Price Target to $85

Upcoming Product Innovations Will Enable Nonprofits to Leverage Innovative Blackbaud and Microsoft Technology to Achieve Greater Impact, Gain In-Depth Insights and Increase Efficiency
CHARLESTON, S.C. and REDMOND, Wash., Sept. 17, 2024 /PRNewswire/ -- Blackbaud (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLKB#NASDAQ">BLKB</a>) and Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) today announced plans to enhance the value provided to the nonprofit and education markets. Blackbaud customers will soon benefit from deeper integration of Microsoft AI and analytics into software that is purpose-built for the unique business operations of social impact organizations —&nbsp;without the need for costly customizations.&nbsp;
Underpinned by Microsoft technologies, Blackbaud's industry-leading donor management software, Blackbaud CRM&#xAE; and Blackbaud Raiser's Edge NXT&#xAE;, are engineered using the world's most comprehensive fundraising data model. These purpose-built, powerful solutions are proven to enhance data understanding and consistency, helping social impact organizations manage complex fundraising operations and ultimately increase the number of donors, gifts, and amounts raised.&nbsp; By integrating Microsoft Fabric&#x2122; in its architecture to unify data sources, Blackbaud can enable new capabilities like comprehensive productivity dashboards designed for the unique needs of their customers. These dashboards, personalized by role, are designed to enable every user to focus on and prioritize their next actions and critical tasks.&nbsp;

MSFT

Blackbaud and Microsoft's Tech For Social Impact Team Collaborating To Bring Sophisticated Cloud Technology, AI And Analytics To Nonprofits

Disclosed on August 19, Kevin Gregoire, EVP at Blackbaud (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLKB#NASDAQ">BLKB</a>), executed a substantial insider sell as per the latest SEC filing.
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0001280058/000157856324000382//Archives/edgar/data/1280058/000157856324000382/0001578563-24-000382-index.htm">U.S. Securities and Exchange Commission</a> on Monday showed that Gregoire sold 7,333 shares of Blackbaud. The total transaction amounted to $569,440. 
Blackbaud's shares are actively trading at $77.83, experiencing a down of 0.95% during Tuesday's morning session.
<h3>Delving into Blackbaud's Background</h3>
Founded in 1981, Blackbaud provides software solutions designed to serve the "social good" community, including nonprofits, foundations, corporations, educational institutions, healthcare institutions, and individual change agents. Through M&amp;A and organic product development efforts, the company has also moved into related areas outside core fundraising, notably into K-12 schools. The firm enables more than $100 billion in donations annually across a customer base in excess of 40,000 customers in over 100 countries.
<h3>Financial Insights: Blackbaud</h3>
Positive Revenue Trend: Examining Blackbaud's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 5.99% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Information Technology sector.
Insights into Profitability:
<ul>
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Gross Margin: The company shows a low gross margin of 56.59%, suggesting potential challenges in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Blackbaud's EPS is below the industry average. The company faced challenges with a current EPS of 0.43. This suggests a potential decline in earnings.
</li>
</ul>
Debt Management: Blackbaud's debt-to-equity ratio is notably higher than the industry average. With a ratio of 1.84, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
Valuation Metrics: A Closer Look
<ul>
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Price to Earnings (P/E) Ratio: The current Price to Earnings ratio of 99.47 is higher than the industry average, indicating the stock is priced at a premium level according to the market sentiment.
</li>
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Price to Sales (P/S) Ratio: The P/S ratio of 3.71 is lower than the industry average, implying a discounted valuation for Blackbaud's stock in relation to sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With a lower-than-industry-average EV/EBITDA ratio of 21.36, Blackbaud presents a potential value opportunity, as investors are paying less for each unit of EBITDA.
</li>
</ul>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
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<h3>Understanding the Significance of Insider Transactions</h3>
While insider transactions provide valuable information, they should be part of a broader analysis in making investment decisions.
Within the legal framework, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as per Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
The initiation of a new purchase by a company insider serves as a strong indication that they expect the stock to rise.
However, insider sells may not always signal a bearish view and can be influenced by various factors.
<h3>Cracking Transaction Codes</h3>
Navigating through the landscape of transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often prioritize those unfolding in the open market, precisely detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001280058">Check Out The Full List Of Blackbaud's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Selling: Kevin Gregoire Unloads $569K Of Blackbaud Stock

A substantial insider sell was reported on August 19, by David Benjamin, EVP at Blackbaud (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLKB#NASDAQ">BLKB</a>), based on the recent SEC filing.
What Happened: Benjamin's decision to sell 5,590 shares of Blackbaud was revealed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001280058/000157856324000383//Archives/edgar/data/1280058/000157856324000383/0001578563-24-000383-index.htm">U.S. Securities and Exchange Commission</a> on Monday. The total value of the sale is $436,227.
Blackbaud's shares are actively trading at $77.83, experiencing a down of 0.95% during Tuesday's morning session.
<h3>Delving into Blackbaud's Background</h3>
Founded in 1981, Blackbaud provides software solutions designed to serve the "social good" community, including nonprofits, foundations, corporations, educational institutions, healthcare institutions, and individual change agents. Through M&amp;A and organic product development efforts, the company has also moved into related areas outside core fundraising, notably into K-12 schools. The firm enables more than $100 billion in donations annually across a customer base in excess of 40,000 customers in over 100 countries.
<h3>Blackbaud: Financial Performance Dissected</h3>
Revenue Growth: Blackbaud's revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2024, the company achieved a revenue growth rate of approximately 5.99%. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Information Technology sector.
Analyzing Profitability Metrics:
<ul>
<li>
Gross Margin: The company issues a cost efficiency warning with a low gross margin of 56.59%, indicating potential difficulties in maintaining profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Blackbaud's EPS is below the industry average. The company faced challenges with a current EPS of 0.43. This suggests a potential decline in earnings.
</li>
</ul>
Debt Management: With a high debt-to-equity ratio of 1.84, Blackbaud faces challenges in effectively managing its debt levels, indicating potential financial strain.
In-Depth Valuation Examination:
<ul>
<li>
Price to Earnings (P/E) Ratio: The current Price to Earnings ratio of 99.47 is higher than the industry average, indicating the stock is priced at a premium level according to the market sentiment.
</li>
<li>
Price to Sales (P/S) Ratio: The Price to Sales ratio is 3.71, which is lower than the industry average. This suggests a possible undervaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With a below-average EV/EBITDA ratio of 21.36, Blackbaud presents an opportunity for value investors. This lower valuation may attract investors seeking undervalued opportunities.
</li>
</ul>
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
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<h3>The Impact of Insider Transactions on Investments</h3>
Insider transactions serve as a piece of the puzzle in investment decisions, rather than the entire picture.
In the realm of legality, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities under Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are required to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Notably, when a company insider makes a new purchase, it is considered an indicator of their positive expectations for the stock.
Conversely, insider sells may not necessarily signal a bearish stance on the stock and can be motivated by various factors.
<h3>Transaction Codes Worth Your Attention</h3>
Surveying the realm of stock transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often give prominence to those unfolding in the open market, systematically detailed in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C denotes the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001280058">Check Out The Full List Of Blackbaud's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Sell Alert: David Benjamin Cashes Out $436K In Blackbaud Stock

Blackbaud's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLKB#NYSE">BLKB</a>) short percent of float has fallen 8.21% since its last report. The company recently reported that it has 566 thousand shares sold short, which is 1.9% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.54 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Blackbaud Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1722972621_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Blackbaud has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Blackbaud's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Blackbaud's peer group average for short interest as a percentage of float is 9.29%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

(BLKB) - Analyzing Blackbaud's Short Interest

Baird analyst Rob Oliver maintains Blackbaud (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLKB#NASDAQ">BLKB</a>) with a Outperform and raises the price target from $88 to $92.

Baird Maintains Outperform on Blackbaud, Raises Price Target to $92

Blackbaud (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/blkb#NASDAQ">BLKB</a>) reported second-quarter 2024 non-GAAP earnings per share of $1.08, which surpassed the Zacks Consensus Estimate by 3.9%. The bottom line increased 10.2% year over year.
Total revenues jumped 6% year over year to $287.3 million, driven by growth in recurring revenues. Revenues missed the Zacks Consensus Estimate by 0.5%.
Total recurring revenues (contributed 98% to total revenues) in the reported quarter amounted to $281.4 million, up 7.2% year over year. One-time services and other revenues (2% of total revenues) totaled $5.9 million, down 31.7%.
<div class="chart_embed">
<h3>Blackbaud, Inc. Price, Consensus and EPS Surprise</h3>
<img alt="Blackbaud, Inc. Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/30/1722432424.png" style="height:265px; width:574px" title="" />
Blackbaud, Inc. price-consensus-eps-surprise-chart | Blackbaud, Inc. Quote
Non-GAAP organic revenues were up 6.7% on a reported basis and 6.6% on a constant-currency basis, year over year. Non-GAAP organic recurring revenues rose 7.2%. 
Margin Details 
Non-GAAP gross margin was 62.9% compared with 61.6% a year ago.
Total operating expenses declined 19.3% on a year-over-year basis to $120.5 million.
Non-GAAP operating margin jumped 260 basis points (bps) to 30%.
Non-GAAP adjusted EBITDA margin was 35.7%, up 290 bps year over year. 
Balance Sheet &amp; Cash Flow 
As of Jun 30, 2024, Blackbaud had total cash, cash equivalents and restricted cash of $831.1 million compared with $382.9 million as of Mar 31, 2024.
Total debt (including the current portion) as of Jun 30, 2024, was $1021.9 million compared with&nbsp; $1039.8 million as of Mar 31, 2024.
For the second quarter, cash provided by operating activities was $53.8 million compared with $53.2 million in the prior-year quarter.
Non-GAAP adjusted free cash flow was $36.4 million compared with $43.6 million in the year-ago quarter.
Blackbaud repurchased approximately 3 million shares in the first half of 2024, representing 5.5% of the common stock outstanding at the end of 2023.
In July 2024, Blackbaud&#39;s board of directors approved a replenished and expanded $800 million stock repurchase authorization. BLKB expects to buy back up to 10% of the common stock outstanding in 2024 to offset dilution from annual stock-based compensation.&nbsp; 
Outlook 
Blackbaud reiterated its 2024 financial guidance, factoring in a significant, one-time expense to expedite crucial security initiatives. These initiatives, designed to provide long-term benefits for customers, include enhancing cybersecurity talent (both employees and third-party resources) and upgrading systems and tools to improve identity and privilege access management, as well as data loss prevention. The company anticipates that this accelerated cybersecurity investment will not recur in 2025 and beyond.
BLKB now expects non-GAAP revenues between $1.164 billion and $1.194 billion.
The company continues to project non-GAAP adjusted EBITDA margin in the range of 32.5-33.5%.
Non-GAAP EPS is anticipated to be between $4.12 and $4.38.
Non-GAAP adjusted free cash flow for 2024 is forecasted to be in the range of $254-$274 million.
Non-GAAP annualized effective tax rate is the same as the prior estimation of approximately 24.5%.
Interest expense is now expected in the band of $52 million to $56 million, changed from earlier guidance of $48 million to $52 million.
Fully diluted shares are now anticipated to be 51.0 million to 52.0 million compared with the earlier guided range of 52-53 million.
Capital expenditures are expected to be in the range of $65 million to $75 million, which includes $60-$70 million of capitalized software and content development costs. This remains the same as the earlier outlook. 
Zacks Rank and Stocks to Consider 
Blackbaud currently carries a Zacks Rank #3 (Hold)
Some better-ranked stocks from the broader technology space are Badger Meter,Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bmi#NYSE">BMI</a>), SAP SE (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sap#NYSE">SAP</a>) and NVIDIA Corporation. BMI presently sports a Zacks Rank #1 (Strong Buy), whereas NVDA &amp; SAP carry a Zacks Rank #2 (Buy).
The Zacks Consensus Estimate for Badger Meter&#39;s 2024 EPS has increased 4.37% in the past 60 days to $4.06. BMI&#39;s long-term earnings growth rate is 17.9%. The company recently reported results for second-quarter 2024, wherein EPS of $1.12 topped the Zacks Consensus Estimate by 14.3%. Quarterly net sales were $216.7 million, up 23% from $175.9 million in the year-ago quarter and surpassed the consensus mark by 7.86%.
Badger Meter&#39;s earnings surpassed the Zacks Consensus Estimate in each of the last four quarters, delivering an average surprise of 12.89%. BMI shares have risen 24.3% in the past year.
The Zacks Consensus Estimate for SAP&#39;s 2024 EPS has increased 4.2% in the past 60 days to $4.75. SAP&#39;s long-term earnings growth rate is 10.7%. The company recently reported results for second quarter of 2024 wherein non-IFRS earnings came in at &euro;1.10 ($1.18) per share, climbing 59% from the year-ago quarter&#39;s levels. The Zacks Consensus Estimate was pegged at $1.01.
Total revenues on a non-IFRS basis of &euro;8.288 billion ($8,921.3 million), rose 10% year over year both at nominal and constant currencies basis. The Zacks Consensus Estimate was pegged at $8,864.7 million.
SAP&#39;s earnings beat the Zacks Consensus Estimate in three of the last four quarters, delivering an average earnings surprise of 4.0%. Shares of SAP have gained 51.6% in the past year.
The Zacks Consensus Estimate for NVDA&#39;s 2024 EPS has increased 1.5% in the past 60 days to $2.69. NVDA&#39;s long-term earnings growth rate is 37.6%.
NVIDIA&#39;s earnings beat the Zacks Consensus Estimate in three of the last four quarters, delivering an average earnings surprise of 18.43%. Shares of NVDA have gained 123.0% in the past year.
<a href="https://www.zacks.com/stock/news/2313190/blackbaud-blkb-q2-earnings-beat-estimates-revenues-up-y-y?cid=CS-BENZ-FT-analyst_blog|earnings_article-2313190">To read this article on Zacks.com click here.</a>
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