Blackbaud Executive Vice President Sells $2.60 Million Worth of Company Stock
On May 30, David Benjamin, the Executive Vice President at Blackbaud (NASDAQ: BLKB), made a significant insider sell, according to the latest SEC filing. Benjamin sold 33,419 shares of Blackbaud, totaling $2,597,574.
As of Friday morning, Blackbaud shares are trading at $77.0, showing a 0.0% decrease.
Blackbaud, founded in 1981, provides software solutions for the “social good” community, serving nonprofits, foundations, corporations, educational institutions, healthcare institutions, and individual change agents. The company has expanded into related areas through M&A and organic product development efforts, including K-12 schools. Blackbaud facilitates over $100 billion in donations annually for more than 40,000 customers in over 100 countries.
Analyzing Blackbaud’s Financial Performance:
– Revenue Trend: In the last 3 months, Blackbaud has seen a -5.34% decline in revenue growth, falling behind industry peers in the Information Technology sector.
– Profitability:
– Gross Margin: The company boasts a high gross margin of 54.81%, showcasing effective cost control and profitability.
– Earnings per Share (EPS): Blackbaud’s EPS is below the industry average at 0.1.
– Debt Management: Blackbaud faces challenges with a debt-to-equity ratio higher than industry averages, indicating increased financial risk.
– Financial Valuation:
– Price to Earnings (P/E) Ratio: The current P/E ratio of 187.8 is higher than industry norms.
– Price to Sales (P/S) Ratio: Blackbaud’s P/S ratio of 3.71 suggests potential undervaluation.
– EV/EBITDA Analysis: The EV/EBITDA ratio of 26.23 is below industry averages, indicating market valuation disparities.
Insider Transactions Importance:
Investors should consider insider transactions as part of their analysis. Insiders, defined as officers, directors, or beneficial owners with over 10% equity, must disclose transactions through Form 4 filings. Insider transactions can provide insights into stock movements and market sentiment.
Understanding Transaction Codes:
Investors focus on open market transactions indicated in Form 4 filings. A “P” denotes a purchase, “S” signifies a sale, “C” represents option conversion, and “A” indicates a grant or award. Analyzing these transactions can offer valuable information for investors.
For more information on Blackbaud’s insider trades, investors can refer to the complete list available. This article was generated by Benzinga’s automated content engine and reviewed by an editor.