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Blackbaud Inc Stock: price and insider trades · United States
Blackbaud Inc: what insiders have been doing
Blackbaud Inc, founded in 1981, is a Technology company based in United States. Its directors and officers file their transactions with SEC (Form 4). From 18 October 2025 to 18 October 2026, the disclosure feed for Blackbaud Inc logged 44 filings by 15 insiders.
Only sales appear on the open market, 8 sales in all totalling €2.5M, filed by 5 insiders. One trade stands out by size: a sale of €690k from Gianoni Michael P, disclosed on 27 August 2026, or 0.040% of market capitalisation.
With 44 filings in twelve months, the company is more active than the median of 19 filings across the 5,816 companies we follow on the same exchange. Over the whole record (from 2016), the tally stands at no purchases and 92 sales. For the fiscal year to 31 December 2025, the annual 10-K puts revenue at 1.13 bn USD and net income at 115.0 m USD.
Between a trade and the moment it shows up on SEC (Form 4), the median delay is 2 days. The legal deadline for a Form 4 is two business days after the transaction. Keep in mind that insiders sell for many reasons unrelated to the outlook, from tax bills to estate planning.
For comparison within the same sector, see the insider buying recorded at Core Scientific, Inc./tx and Gitlab Inc. This summary is built from SEC (Form 4) disclosures alone and does not predict where the share price will go.
Insider Decl.
310
Thresholds
n/a
Buy Volume
n/a
n/a
Sell Volume
€29M
92 ops. · all time
Who traded when
BuySaleKevin P. Gregoire6 sales
Michael P. Gianoni4 sales
Hollenbeck Rupal S3 sales
Chad Anderson2 sales
Jon W. Olson2 sales
Nash Sarah E2 sales
+3 other insiders
Analyst consensus: bullish or bearish?
Analysts rate Blackbaud Inc Buy (bullish), based on 4 analysts. Average price target: US$51.50.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Fundamental score
Ranked 5,094 of 23,476 companies
65.9
score / 100
Value63
Quality69
FCF yld8.7%
Earn yld4.9%
EV/EBITDA12.1x
ROE194%
Gross mgn59%
Net mgn10%
Debt/EBITDA3.9x
Pillars2/3
Transparent value + quality ranking, distinct from the insider signal.
Financial data
as of FY 2025FY ended December 2025 · cache
US$48.86
Analyst consensus
4 analystsBuy
US$45.00Target US$51.50(+5%)US$58.00
Income statement
RevenueUS$1.1B
Gross profitUS$663.3M59% margin
EBITDAUS$286M25% margin
Net incomeUS$115M13.1% margin
Valuation
PER (trailing)15.0x
PER (forward)8.2x
P/Book32.7x
Beta1.04
Balance sheet & cash
Market capUS$2.2B
Total debtUS$1.1B
Free Cash FlowUS$203.5M
Debt / Equity1727%
Profitability & ownership
ROE194.4%
ROA5.5%
% insiders1.9%
% institutions110.8%
Last declaration on 4 September 2026
Declarations310 total
7,820 shares0Common StockSEC:0001836951-26-000008:0
10,590 shares0Common StockSEC:0001601818-26-000012:0
8,472 shares0Common StockSEC:0001939343-26-000010:0
3,584 shares0Common StockSEC:0001492840-26-000016:0
16,291 shares0Common StockSEC:0001365837-26-000014:0
4,888 shares0Common StockSEC:0001524788-26-000010:0
2,086 shares@ US$48.24260.0051% mcap100.0% of flowCommon StockSEC144:0001628280-26-059603
17,000 shares@ US$47.3520.040% mcap8.1% of flowCommon StockSEC:0001365837-26-000012:0
17,000 shares@ US$47.32060.040% mcap100.0% of flowCommon StockSEC144:0001628280-26-058919
397 shares@ US$63.184.1% of flowCommon StockSEC:0001492840-26-000012:0
589 shares@ US$46.210.0014% mcap4.7% of flowCommon StockSEC:0001492840-26-000012:1
16,184 shares@ US$45.42550.037% mcap8.9% of flowCommon StockSEC:0001601818-26-000010:0
5,816 shares@ US$45.72310.013% mcap3.2% of flowCommon StockSEC:0001601818-26-000010:1
22,000 shares@ US$45.160.050% mcap100.0% of flowCommon StockSEC144:0001628280-26-054402
7,834 shares0Common StockSEC:0001941042-26-000002:0
7,834 shares0Common StockSEC:0001292592-26-000002:0
7,834 shares0Common StockSEC:0001777095-26-000003:0
7,834 shares0Common StockSEC:0001886374-26-000002:0
7,834 shares0Common StockSEC:0002047652-26-000002:0
6,205 shares@ US$31.310.012% mcap33.1% of flowCommon StockSEC:0001492840-26-000010:0
2,000 shares@ US$50.021.2% of flowCommon StockSEC:0001601818-26-000008:0
10,000 shares@ US$48.22687.1% of flowCommon StockSEC:0001524788-26-000008:0
2,554 shares0Common StockSEC:0001836951-26-000006:0
2,767 shares0Common StockSEC:0001939343-26-000006:0
3,457 shares0Common StockSEC:0001601818-26-000006:0
25 of 310 declarations
About Blackbaud Inc
Blackbaud Inc. is a U.S.-listed software company trading on the NASDAQ under the ticker BLKB. Headquartered in Charleston, South Carolina, United States, the company was founded in 1981 and has evolved into a leading niche provider of software for the social impact ecosystem. For investors, Blackbaud stands out as a specialized vertical SaaS platform with recurring revenue characteristics and deep domain expertise in fundraising, donor engagement, nonprofit operations, and mission-driven organizations. ([investor.blackbaud.com](https://investor.blackbaud.com/investor-resources/investor-faqs))
Blackbaud’s customer base includes nonprofit organizations, foundations, educational institutions, healthcare organizations, faith communities, and corporate social responsibility teams. Its software portfolio spans cloud-based fundraising and CRM tools, nonprofit financial management, digital giving, payment processing, grant management, analytics, education management, and impact reporting solutions. According to the company’s 2025 annual report, revenue is primarily generated through contractual recurring revenue, transactional recurring revenue, and one-time services, with contractual recurring revenue largely driven by subscription software, cloud access, AI-enabled functionality, online training, and analytics services. ([investor.blackbaud.com](https://investor.blackbaud.com/static-files/9eff903f-295a-41e5-b178-c70201ca7230))
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From a competitive standpoint, Blackbaud’s core advantage is its specialization. Management emphasizes that general-purpose software vendors often do not offer true end-to-end solutions for the specific workflows of social impact organizations, particularly where fundraising, stewardship, grantmaking, and sector-specific reporting are concerned. Blackbaud’s moat therefore rests on vertical depth, embedded sector data, workflow integration, and a cloud-first platform increasingly enhanced by AI capabilities. The company presents itself as a clear leader in social impact software and maintains an international operating footprint built over decades. ([investor.blackbaud.com](https://investor.blackbaud.com/static-files/9eff903f-295a-41e5-b178-c70201ca7230))
Recent developments have been heavily centered on artificial intelligence and operating execution. In 2025 and early 2026, Blackbaud announced a wave of embedded AI capabilities, a dedicated AI agent for the social impact sector, and an industry coalition aimed at promoting responsible AI adoption. The company also reported strong 2025 financial results and entered 2026 with guidance and commentary focused on margin expansion, free cash flow generation, and share repurchases. For French-speaking investors, BLKB is best viewed as a specialized U.S. software platform with structural exposure to digital transformation in the nonprofit and social impact economy, plus an increasingly important AI narrative. ([blackbaud.com](https://www.blackbaud.com/newsroom/article/blackbaud-announces-2025-fourth-quarter-and-full-year-results?utm_source=openai))
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