New insider activity at Blackbaud ( (BLKB) ) has taken place on February 26, 2025.
Jon W. Olson, the Senior Vice President and General Counsel at Blackbaud, has recently sold 6,597 shares of the company’s stock. This transaction amounted to a total value of $451,178.
Recent Updates on BLKB stock
In recent developments, Blackbaud’s stock has been subject to a price target adjustment by Baird, which lowered its target due to mixed Q4 results and the completion of the EVERFI sale. The company’s Q4 earnings report highlighted a modest increase in GAAP total revenue and a slight improvement in non-GAAP adjusted EBITDA, despite a GAAP net loss from impairment and disposition charges related to EVERFI. Blackbaud’s strategic divestiture of EVERFI is expected to enhance future financial outcomes, as it had previously hindered revenue growth and profitability. The company is also focusing on AI initiatives and product innovation to drive future growth, while planning a stock repurchase program to return value to shareholders. However, Blackbaud anticipates slower revenue growth in 2025 due to one-time costs, currency fluctuations, and a transition in sales focus. Despite these challenges, the company remains optimistic about its strategic initiatives and future growth prospects.
More about Blackbaud
YTD Price Performance: -6.54%
Average Trading Volume: 190,999
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $3.39B