A Blackbaud insider sold shares worth $266,446 according to a recent SEC filing. Blackbaud is a cloud software and services provider that offers a range of solutions and services for fundraising, financial management, and more. Its fundraising and engagement solutions include Blackbaud Raiser's Edge NXT, Blackbaud CRM, and Blackbaud eTapestry. The company's financial management services include Blackbaud Financial Edge NXT and Blackbaud Tuition Management.
A recent SEC filing revealed that a Blackbaud insider sold shares worth $266,446. Blackbaud, a cloud software and services provider, offers a range of solutions and services for fundraising, financial management, and more. The insider's sale comes amidst the company's strong Q2 2025 results, which saw Blackbaud's non-GAAP earnings per share (EPS) of $1.21, surpassing the Zacks Consensus Estimate by 15.2% [2].
The company's Q2 2025 earnings report highlighted a 12% year-over-year increase in the bottom line, driven by the divestiture of EVERFI. Total revenues decreased by 2.1% year over year to $281.4 million, but the top line surpassed the Zacks Consensus Estimate by 1.3%. The company raised its full-year 2025 financial guidance, projecting GAAP revenues between $1.120 billion and $1.130 billion, reflecting approximately 5% organic growth at the midpoint on a constant currency basis [2].
Blackbaud's stock has seen a 1.9% decline since the last earnings report, underperforming the S&P 500. However, the stock's VGM Score of C indicates a flat trend in estimates revision, with a Momentum Score of B and a Value Score of D [2]. The company has a Zacks Rank #3 (Hold), with analysts expecting an in-line return from the stock in the next few months.
The insider's sale of $266,446 worth of shares is not unusual, as insiders often sell or buy shares based on their personal financial needs or market outlook. However, it is essential for investors to consider the broader context of the company's financial performance and future prospects.
References:
[1] https://investor.blackbaud.com/financial-information/sec-filings
[2] https://www.nasdaq.com/articles/blackbaud-blkb-down-19-last-earnings-report-can-it-rebound
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