Blackbaud, Inc. provides cloud software solutions to nonprofits, foundations, companies, education institutions, healthcare organizations, and other social good entities in the United States and internationally. The company offers fundraising and relationship management solutions, such as Blackbaud Raiser's Edge NXT and Blackbaud CRM, Blackbaud TeamRaiser, Blackbaud Peer-to-Peer Fundraising, and Blackbaud Guided Fundraising and Blackbaud Volunteer Network Fundraising; marketing and engagement solutions, including Blackbaud Luminate Online, Blackbaud Luminate Advocacy, Blackbaud Online Express, and Blackbaud School Website System; and financial management solutions comprising Blackbaud Financial Edge NXT, Blackbaud Tuition Management, and Blackbaud Financial Aid Management. It also provides grant and award management solutions, consisting of Blackbaud Grantmaking, Blackbaud Outcomes, and Blackbaud Award Management; organizational and program management, such as Blackbaud Student Information System, Blackbaud Learning Management System, Blackbaud Enrollment Management System, Blackbaud Altru, and Blackbaud Church Management; social responsibility solutions, which includes YourCause Grants Connect and YourCause CSR; Blackbaud Merchant Services and Blackbaud Purchase Cards payment services; and Blackbaud's Intelligence for Good solutions, as well as donor acquisition, prospect research, data enrichment, and benchmarking and performance management solutions and services. It sells its solutions and related services through its direct sales force. The company was founded in 1981 and is headquartered in Charleston, South Carolina.
IPO Year: 2004
Exchange: NASDAQ
Website: blackbaud.com
Date | Price Target | Rating | Analyst |
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10/31/2024 | $92.00 → $80.00 | Outperform → Neutral | Robert W. Baird |
6/5/2023 | $88.00 | Mkt Perform → Outperform | Raymond James |
5/4/2023 | $66.00 → $84.00 | Neutral → Outperform | Robert W. Baird |
2/23/2022 | $85.00 → $70.00 | Hold | Stifel |
7/16/2021 | $75.00 | Hold | Stifel |
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Blackbaud's (NYSE:BLKB) short percent of float has fallen 6.44% since its last report. The company recently reported that it has 820 thousand shares sold short, which is 2.76% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.25 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling 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
-SEC Filing
- Form 8-K
https://www.ftc.gov/news-events/news/press-releases/2024/05/ftc-finalizes-order-blackbaud-related-allegations-firms-security-failures-led-data-breach The Federal Trade Commission has finalized an order against Blackbaud Inc. settling allegations that its lax security practices allowed a hacker to breach the company's network and access the personal data of millions of consumers including Social Security and bank account numbers.In a complaint first announced in February 2024, the FTC charged that the South Carolina firm, which provides data services and financial, fundraising, and administrative software services to companies, nonprofits and others, failed to implement appropriate safeguards
https://www.sec.gov/Archives/edgar/data/1280058/000128005824000040/blkb-20240515.htm
Partnership Will Enable K-12 Private Schools to Create Digital-First Experiences to Modernize the Admissions ProcessCHARLESTON, S.C., May 8, 2024 /PRNewswire/ -- Blackbaud (NASDAQ:BLKB), the leading provider of software for powering social impact, today announced a strategic investment in UBIQ Education, innovators in school websites through the introduction of AMAIS, the first digital experience ecosystem (DXE) for schools.The £4 million ($5 million) investment in UBIQ demonstrates Blackbaud's commitment to supporting K-12 private schools in being able to effectively seek, identify and cultivate the right families for their community—supporting all aspects of their online admissions, fundra
Blackbaud (NASDAQ:BLKB) reported quarterly earnings of $0.93 per share which beat the analyst consensus estimate of $0.89 by 4.49 percent. The company reported quarterly sales of $279.300 million which missed the analyst consensus estimate of $282.418 million by 1.10 percent. This is a 6.70 percent increase over sales of $261.753 million the same period last year.
At bbcon® 2024, Blackbaud Launched Its Most Aggressive Innovation Plans Yet CHARLESTON, S.C., Oct. 30, 2024 /PRNewswire/ -- Blackbaud (NASDAQ:BLKB), the leading provider of software for powering social impact, today announced financial results for its third quarter ended September 30, 2024. "Blackbaud is a clear market leader with a path to penetrate even further into a rich market opportunity while empowering our existing customers through continued innovation. In September at our annual tech conference, bbcon, we introduced six waves of innovation that were met with overwhelming enthusiasm from our customers," said Mike Gianoni, president, CEO and vice chairman of the board of directors, B
CHARLESTON, S.C., Oct. 15, 2024 /PRNewswire/ -- Blackbaud (NASDAQ:BLKB), the leading provider of software for powering social impact, will report its third quarter 2024 financial results on Wednesday, October 30, before the U.S. financial markets open for trading. In conjunction with this announcement, Blackbaud will host a conference call at 8:00 a.m. ET to discuss the company's financial results. Event: Blackbaud's Third Quarter 2024 Financial Results Conference Call Date: Wednesday, October 30 Time: 8:00 a.m. ET Live Webcast: investor.blackbaud.com Live Dial-In: 1-877-407-3088 A webcast will be available and archived on Blackbaud's investor webpage following the call. About BlackbaudBlack
Revenue Growth More than Doubles Year over Year with Significantly Improved Profitability; Blackbaud Board of Directors Approve Expanded $800 Million Stock Repurchase Authorization CHARLESTON, S.C., July 30, 2024 /PRNewswire/ -- Blackbaud (NASDAQ:BLKB), the leading provider of software for powering social impact, today announced financial results for its second quarter ended June 30, 2024. "We continue to execute on our strategic initiatives, and I am optimistic about the opportunities ahead in the near, mid and long-term," said Mike Gianoni, president, CEO and vice chairman of the board of directors, Blackbaud. "Blackbaud is a clear market leader with a path to penetrate even further into
CHARLESTON, S.C., July 16, 2024 /PRNewswire/ -- Blackbaud (NASDAQ:BLKB), the leading provider of software for powering social impact, will report its second quarter 2024 financial results on Tuesday, July 30, after the U.S. financial markets close for trading. In conjunction with this announcement, Blackbaud will host a conference call on Wednesday, July 31, at 8:00 a.m. ET to discuss the company's financial results. Event: Blackbaud's Second Quarter 2024 Financial Results Conference Call Date: Wednesday, July 31 Time: 8:00 a.m. ET Live Webcast: investor.blackbaud.com Live Dial-In: 1-877-407-3088 A webcast will be available and archived on Blackbaud's investor webpage following the call. Abo
Company Shows Continued Strong Progress on Five-Point Operating Plan; Blackbaud Repurchases Approximately 5.5% of Outstanding Common Stock in the First Quarter CHARLESTON, S.C., April 30, 2024 /PRNewswire/ -- Blackbaud (NASDAQ:BLKB), the leading provider of software for powering social impact, today announced financial results for its first quarter ended March 31, 2024. "We continue to execute our strategic initiatives to drive long-term profitable growth," said Mike Gianoni, president, CEO and vice chairman of the board, Blackbaud. "The first quarter was another period of continuous improvement across the business. Financially, we grew the top line, while making substantial progress in our
CHARLESTON, S.C. , April 16, 2024 /PRNewswire/ -- Blackbaud (NASDAQ:BLKB), the leading provider of software for powering social impact, will report its first quarter 2024 financial results on Tuesday, April 30, after the U.S. financial markets close for trading. In conjunction with this announcement, Blackbaud will host a conference call on Wednesday, May 1, at 8:00 a.m. ET to discuss the company's financial results. Event: Blackbaud's First Quarter 2024 Financial Results Conference Call Date: Wednesday, May 1 Time: 8:00 a.m. ET Live Webcast: investor.blackbaud.com Live Dial-In: 1-877-407-3088 A webcast will be available and archived on Blackbaud's investor webpage following the call. About
Four Years into Remote Work, Blackbaud Sees Employee Satisfaction, Greater Access to Talent, and Increased Efficiency CHARLESTON, S.C., March 20, 2024 /PRNewswire/ -- Blackbaud (NASDAQ:BLKB), the leading provider of software for powering social impact, is marking four years of a remote-first workforce by sharing the success the company and its employees have seen. Blackbaud employees began working remotely at the start of the Covid-19 pandemic, and the company made the official transition to a remote-first workforce in November 2021. "We've continued refining and enhancing our remote-first approach to ensure our people thrive," said Margaret "Maggie" Driscoll, chief people and culture office
Full Year 2023 Financial Results Met or Exceeded Financial Guidance Ranges; Blackbaud Announces Refreshed Capital Allocation Strategy CHARLESTON, S.C., Feb. 12, 2024 /PRNewswire/ -- Blackbaud (NASDAQ:BLKB), the leading provider of software for powering social impact, today announced financial results for its fourth quarter and full year ended December 31, 2023. "The fourth quarter concluded a year of substantial transformation for Blackbaud," said Mike Gianoni, president, CEO and vice chairman of the board, Blackbaud. "Approximately a year and a half ago, we implemented our five-point operating plan, and it has put our company on a clear trajectory of improving performance. During the year,
CHARLESTON, S.C., Jan. 29, 2024 /PRNewswire/ -- Blackbaud (NASDAQ:BLKB), the leading provider of software for powering social impact, will report its fourth quarter and full year 2023 financial results on Monday, February 12, after the U.S. financial markets close for trading. In conjunction with this announcement, Blackbaud will host a conference call on Tuesday, February 13, at 8:00 a.m. ET to discuss the company's financial results. Event: Blackbaud's Fourth Quarter and Full Year 2023 Financial Results Conference Call Date: Tuesday, February 13 Time: 8:00 a.m. ET Live Webcast: investor.blackbaud.com Live Dial-In: 1-877-407-3088 A webcast will be available and archived on Blackbaud's inve
Company Shows Continued Strong Progress on Five-Point Operating Plan; Reiterates Increased 2023 Financial Guidance CHARLESTON, S.C., Aug. 1, 2023 /PRNewswire/ -- Blackbaud (NASDAQ:BLKB), the leading provider of software for powering social impact, today announced financial results for its second quarter ended June 30, 2023. "We had a solid second quarter, and I'm very pleased with the progress we are making on our five-point operating plan," said Mike Gianoni, president and CEO, Blackbaud. "We released new product capabilities, launched our Intelligence for Good® vision for AI, brought on important new clients, continued to shift to modern contractual pricing and terms, and are delivering mo
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Robert W. Baird downgraded Blackbaud from Outperform to Neutral and set a new price target of $80.00 from $92.00 previously
Raymond James upgraded Blackbaud from Mkt Perform to Outperform and set a new price target of $88.00
Robert W. Baird upgraded Blackbaud from Neutral to Outperform and set a new price target of $84.00 from $66.00 previously
Stifel reiterated coverage of Blackbaud with a rating of Hold and set a new price target of $70.00 from $85.00 previously
Stifel resumed coverage of Blackbaud with a rating of Hold and set a new price target of $75.00
DA Davidson reiterated coverage of Blackbaud with a rating of Neutral and set a new price target of $75.00 from $56.00 previously
DA Davidson reiterated coverage of Blackbaud with a rating of Neutral and set a new price target of $75.00 from $56.00 previously
Benchmark upgraded Blackbaud from Hold to Buy
The Benchmark Company upgraded Blackbaud from Hold to Buy and set a new price target of $88.00
Benchmark upgraded Blackbaud from Hold to Buy and set a new price target of $88.00
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 BOSTON, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Flywire Corporation (Flywire) (NASDAQ:FLYW), a global payments enablement and software company, has announced a strategic partnership with Blackbaud (NASDAQ:BLKB), the leading provider of software for powering social impact. Flywire will become a preferred payment method for international students who pay their tuition and other related expenses to B
Interactive, mobile-first financial education tool enables financial institutions to deliver critical education to adults in their communities CHARLESTON, S.C., Nov. 12, 2024 /PRNewswire/ -- EVERFI® from Blackbaud®, the leader in powering social impact through education, today announced a major evolution of its EVERFI Achieve™ product, a powerful tool designed to provide just-in-time financial education and elevate financial institutions' relationships with their customers. With a fresh new look, an intuitive mobile-first design, and enhanced personalization features, the revamped Achieve goes beyond basic financial education to empower banks and credit unions in building trust, fostering d
Product Update Briefings to Take Place Virtually Nov. 12-15 CHARLESTON, S.C., Nov. 12, 2024 /PRNewswire/ -- Blackbaud (NASDAQ:BLKB), the leading provider of software for powering social impact, is kicking off its semi-annual Product Update Briefings today. The Blackbaud Product Update Briefings virtual conference showcases recent innovation and future roadmap direction for Blackbaud's suite of solutions. "In the last year, we've been investing in key advancements and AI technology that will empower our customers to achieve greater impact with our essential software," said Sudip Datta, chief product officer, Blackbaud. "During our Product Update Briefings, we'll be giving customers a first-ha
At bbcon® 2024, Blackbaud Launched Its Most Aggressive Innovation Plans Yet CHARLESTON, S.C., Oct. 30, 2024 /PRNewswire/ -- Blackbaud (NASDAQ:BLKB), the leading provider of software for powering social impact, today announced financial results for its third quarter ended September 30, 2024. "Blackbaud is a clear market leader with a path to penetrate even further into a rich market opportunity while empowering our existing customers through continued innovation. In September at our annual tech conference, bbcon, we introduced six waves of innovation that were met with overwhelming enthusiasm from our customers," said Mike Gianoni, president, CEO and vice chairman of the board of directors, B
CHARLESTON, S.C., Oct. 15, 2024 /PRNewswire/ -- Blackbaud (NASDAQ:BLKB), the leading provider of software for powering social impact, will report its third quarter 2024 financial results on Wednesday, October 30, before the U.S. financial markets open for trading. In conjunction with this announcement, Blackbaud will host a conference call at 8:00 a.m. ET to discuss the company's financial results. Event: Blackbaud's Third Quarter 2024 Financial Results Conference Call Date: Wednesday, October 30 Time: 8:00 a.m. ET Live Webcast: investor.blackbaud.com Live Dial-In: 1-877-407-3088 A webcast will be available and archived on Blackbaud's investor webpage following the call. About BlackbaudBlack
Highlights include updated financial education courses, a new health and wellness course, and new platform features for educators CHARLESTON, S.C., Aug. 7, 2024 /PRNewswire/ -- EVERFI® from Blackbaud®, the leader in powering social impact through education, is releasing new and updated K-12 digital resources to its learning platform, just in time for the new school year. Updates include covering important topics like developing smart money habits, the potential benefits of working with a financial advisor, the impact of stress on health and wellness, preparing for taxes, and the use of nonviolent resistance during the Civil Rights Movement. New and updated resources for the 2024-25 school ye
Revenue Growth More than Doubles Year over Year with Significantly Improved Profitability; Blackbaud Board of Directors Approve Expanded $800 Million Stock Repurchase Authorization CHARLESTON, S.C., July 30, 2024 /PRNewswire/ -- Blackbaud (NASDAQ:BLKB), the leading provider of software for powering social impact, today announced financial results for its second quarter ended June 30, 2024. "We continue to execute on our strategic initiatives, and I am optimistic about the opportunities ahead in the near, mid and long-term," said Mike Gianoni, president, CEO and vice chairman of the board of directors, Blackbaud. "Blackbaud is a clear market leader with a path to penetrate even further into
CHARLESTON, S.C., July 16, 2024 /PRNewswire/ -- Blackbaud (NASDAQ:BLKB), the leading provider of software for powering social impact, will report its second quarter 2024 financial results on Tuesday, July 30, after the U.S. financial markets close for trading. In conjunction with this announcement, Blackbaud will host a conference call on Wednesday, July 31, at 8:00 a.m. ET to discuss the company's financial results. Event: Blackbaud's Second Quarter 2024 Financial Results Conference Call Date: Wednesday, July 31 Time: 8:00 a.m. ET Live Webcast: investor.blackbaud.com Live Dial-In: 1-877-407-3088 A webcast will be available and archived on Blackbaud's investor webpage following the call. Abo
Ralph Will Share Career Insights, Inspiration and Empowering Advice on Building Confidence CHARLESTON, S.C., July 10, 2024 /PRNewswire/ -- Blackbaud (NASDAQ:BLKB), the leading provider of software for powering social impact, today announced that Sheryl Lee Ralph will join the mainstage for a keynote conversation at bbcon 2024, Blackbaud's annual tech conference, taking place September 24-26 in Seattle, Washington. "We are honored to have Sheryl Lee Ralph join us at bbcon this year to share her wisdom and inspiration with our community of global changemakers," said Catherine LaCour, chief marketing officer, Blackbaud. "As a trailblazer in entertainment and a dedicated nonprofit leader, Sh
CHARLESTON, S.C., June 3, 2024 /PRNewswire/ -- Blackbaud (NASDAQ:BLKB), the leading provider of software for powering social impact, today announced that Chief Accounting Officer Chad Anderson and Chief Product Officer Sudip Datta have been appointed to the company's executive leadership team. "Both Chad and Sudip have made innumerable, meaningful contributions during their tenure with Blackbaud, helping us to drive greater impact for our customers, employees, shareholders and communities," said Mike Gianoni, president, CEO and vice chairman of the board of directors, Blackbau
Ralph Will Share Career Insights, Inspiration and Empowering Advice on Building Confidence CHARLESTON, S.C., July 10, 2024 /PRNewswire/ -- Blackbaud (NASDAQ:BLKB), the leading provider of software for powering social impact, today announced that Sheryl Lee Ralph will join the mainstage for a keynote conversation at bbcon 2024, Blackbaud's annual tech conference, taking place September 24-26 in Seattle, Washington. "We are honored to have Sheryl Lee Ralph join us at bbcon this year to share her wisdom and inspiration with our community of global changemakers," said Catherine LaCour, chief marketing officer, Blackbaud. "As a trailblazer in entertainment and a dedicated nonprofit leader, Sh
CHARLESTON, S.C., June 3, 2024 /PRNewswire/ -- Blackbaud (NASDAQ:BLKB), the leading provider of software for powering social impact, today announced that Chief Accounting Officer Chad Anderson and Chief Product Officer Sudip Datta have been appointed to the company's executive leadership team. "Both Chad and Sudip have made innumerable, meaningful contributions during their tenure with Blackbaud, helping us to drive greater impact for our customers, employees, shareholders and communities," said Mike Gianoni, president, CEO and vice chairman of the board of directors, Blackbau
CHARLESTON, S.C., May 22, 2024 /PRNewswire/ -- Blackbaud (NASDAQ:BLKB), the leading provider of software for powering social impact, is pleased to announce that Tom Barth has been appointed head of Investor Relations (IR). In this role, Barth will report to Tony Boor, executive vice president and CFO, and will be responsible for defining and leading a broad-based program to maximize the company's shareholder value. "We're thrilled to have Tom join our team to oversee IR," said Boor. "With his global experience and deep knowledge in the public software company space, he will be
CHARLESTON, S.C., Jan. 11, 2024 /PRNewswire/ -- Blackbaud (NASDAQ:BLKB), the leading provider of software for powering social impact, today appointed Kristian Talvitie, executive vice president and chief financial officer of PTC Inc. to its board of directors. Talvitie brings 30 years of experience with a diverse background ranging across corporate finance, FP&A, sales, marketing and communications. "We're delighted to welcome Kristian to the Blackbaud board of directors," said Andrew M. Leitch, chairman of the Blackbaud board. "He is a transformational leader who brings a wealth of knowledge of corporate business operations as well as a strong track record of delivering profitable sharehold
Industry veteran brings a combination of nonprofit and technology experience FAIRFIELD, Conn., July 11, 2023 /PRNewswire/ -- Foundation Source, the nation's largest provider of management solutions for private foundations, today announces the appointment of Michael P. Beville as Chief Revenue Officer (CRO) and a member of the company's executive team. Mr. Beville joins the company at a time when it is poised to embark on its next stage of growth. He will play a pivotal role in that effort, leading the nationwide sales and revenue functions across all of Foundation Source's diversified offerings and segments. He will report directly to President and Chief Executive Officer, Sunil Garga.
Yogesh K. Gupta and Rupal S. Hollenbeck Join Blackbaud's Board of Directors CHARLESTON, S.C., Dec. 12, 2022 /PRNewswire/ -- Blackbaud (NASDAQ:BLKB), the world's leading cloud software company powering social good, today appointed two new directors to its board. Yogesh K. Gupta, president and CEO, Progress Software Corporation, and Rupal S. Hollenbeck, chief commercial officer, Check Point Software Technologies, have joined Blackbaud's board of directors. In addition, Timothy Chou, Ph.D., and Joyce M. Nelson have retired from the Blackbaud board. "We're delighted to welcome Yog
CHARLESTON, S.C., April 21, 2022 /PRNewswire/ -- Blackbaud (NASDAQ:BLKB), the world's leading cloud software company powering social good, is pleased to announce the appointment of Charles "Chuck" Miller as chief information security officer. In this role, Miller will oversee Blackbaud's global trust and security program, which is responsible for all elements of information and cybersecurity, working to protect Blackbaud's products, infrastructure and customer data. "We're thrilled to welcome Chuck to our team," said Todd Lant, chief information officer, Blackbaud. "With over
CHARLESTON, S.C., April 19, 2022 /PRNewswire/ -- Blackbaud (NASDAQ:BLKB), the world's leading cloud software company powering social good, is pleased to announce that Sudip Datta has been appointed senior vice president and chief product officer. Datta will report to Kevin McDearis, executive vice president and chief technology officer, and will oversee Blackbaud's global product portfolio—including product lifecycles, roadmaps and strategy—contributing to Blackbaud's growth and innovation. "Sudip is an accomplished, growth-minded, and outcome-driven technology executive with a stellar track record in managing large business portfolios while creating and delivering value for customers," said
CHARLESTON, S.C., May 3, 2021 /PRNewswire/ -- Blackbaud (NASDAQ:BLKB), the world's leading cloud software company powering social good, is pleased to announce that Chris Singh has been appointed senior vice president of Customer Success. In this role, Singh will oversee global customer success functions including management and support, services, operations and technology. "We're thrilled to welcome Chris to Blackbaud to lead Customer Success," said Kevin Gregoire, president, U.S. markets. "He's a proven business leader with over 17 years of experience leading customer-delight-focused teams. His strong track record and passion for social good will be an asset in helping our customers achiev