Blackbaud Incorporated (NASDAQ:BLKB)’s Trend Unknown, Especially After Increased Shorts

September 17, 2017 - By Marguerite Chambers

 Blackbaud Incorporated (NASDAQ:BLKB)’s Trend Unknown, Especially After Increased Shorts

Investors sentiment decreased to 0.99 in 2016 Q4. Its down 0.39, from 1.38 in 2016Q3. It is negative, as 27 investors sold Blackbaud, Inc. shares while 68 reduced holdings. 25 funds opened positions while 69 raised stakes. 51.96 million shares or 3.92% more from 50.00 million shares in 2016Q3 were reported.
16,500 are held by Virginia Retirement Et Al. Dupont Capital Management accumulated 7,582 shares. Citadel Advsrs Ltd has invested 0% in Blackbaud, Inc. (NASDAQ:BLKB). Brown Advisory reported 632,575 shares. Riverhead Cap Mngmt Lc holds 2,100 shares. 11,330 are owned by National Bank & Trust Of Nova Scotia. Proshare Advisors Limited Co accumulated 9,660 shares. Macquarie Gp Ltd accumulated 695,598 shares. Whittier Trust Co Of Nevada invested 0% in Blackbaud, Inc. (NASDAQ:BLKB). Millennium Mngmt Limited Com stated it has 52,440 shares or 0.01% of all its holdings. Prudential holds 81,649 shares. Rhumbline Advisers invested in 0.01% or 72,242 shares. Champlain Invest Prns Limited Com reported 1.83% of its portfolio in Blackbaud, Inc. (NASDAQ:BLKB). Putnam Ltd reported 0% of its portfolio in Blackbaud, Inc. (NASDAQ:BLKB). Archford Cap Strategies accumulated 47 shares.

Since March 17, 2017, it had 0 insider purchases, and 8 selling transactions for $2.35 million activity. 5,094 shares valued at $402,986 were sold by MOONEY KEVIN W on Tuesday, May 9. Another trade for 9,024 shares valued at $713,437 was sold by BOOR ANTHONY W. 1,750 Blackbaud, Inc. (NASDAQ:BLKB) shares with value of $138,040 were sold by ELLIS GEORGE H. The insider Nash Sarah E sold $64,903.

The stock of Blackbaud Incorporated (NASDAQ:BLKB) registered an increase of 2.11% in short interest. BLKB’s total short interest was 6.40M shares in September as published by FINRA. Its up 2.11% from 6.27M shares, reported previously. With 191,600 shares average volume, it will take short sellers 33 days to cover their BLKB’s short positions. The short interest to Blackbaud Incorporated’s float is 14.08%.

The stock decreased 1.15% or $0.97 on September 15, reaching $83.62. About 508,380 shares traded or 153.51% up from the average. Blackbaud, Inc. (NASDAQ:BLKB) has risen 35.80% since September 17, 2016 and is uptrending. It has outperformed by 19.10% the S&P500.

Blackbaud, Inc. is a cloud software company. The company has market cap of $4.02 billion. The Firm offers a range of cloud and on-premise solutions, as well as a resource network that empowers and connects organizations of all sizes. It has a 81.25 P/E ratio. The Company’s divisions include the General Markets Business Unit , the Enterprise Customer Business Unit (the ECBU) and the International Business Unit (the IBU).

Blackbaud, Inc. (NASDAQ:BLKB) Ratings Coverage

Among 10 analysts covering Blackbaud Inc (NASDAQ:BLKB), 5 have Buy rating, 1 Sell and 4 Hold. Therefore 50% are positive. Blackbaud Inc had 17 analyst reports since October 13, 2015 according to SRatingsIntel. Stifel Nicolaus maintained it with “Buy” rating and $96.0 target in Tuesday, September 12 report. The firm earned “Sector Weight” rating on Tuesday, March 22 by Pacific Crest. The company was initiated on Thursday, February 18 by Wunderlich. Bank of America downgraded the shares of BLKB in report on Wednesday, November 23 to “Underperform” rating. The firm has “Hold” rating given on Monday, June 27 by Evercore. Benchmark initiated the stock with “Buy” rating in Thursday, November 19 report. As per Wednesday, January 6, the company rating was initiated by Bank of America. Robert W. Baird downgraded the shares of BLKB in report on Tuesday, February 28 to “Neutral” rating. As per Tuesday, October 13, the company rating was initiated by B. Riley & Co. On Thursday, December 10 the stock rating was initiated by Robert W. Baird with “Outperform”.

More notable recent Blackbaud, Inc. (NASDAQ:BLKB) news were published by: Fool.com which released: “Blackbaud, Inc.’s Earnings Continue Soaring Into the Clouds” on August 01, 2017, also Prnewswire.com with their article: “Blackbaud’s Intelligence for Goodâ„¢ Leverages Advanced Analytics to Transform …” published on July 27, 2017, Postandcourier.com published: “Charleston-based Blackbaud says expanded financing deal will give it room to grow” on June 12, 2017. More interesting news about Blackbaud, Inc. (NASDAQ:BLKB) were released by: Fool.com and their article: “Blackbaud results: The raw numbers” published on May 02, 2017 as well as Prnewswire.com‘s news article titled: “Blackbaud Empowers “The Connected School” at Annual K-12 User Conference” with publication date: July 13, 2017.

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