On September 17, 2024, Kevin Mcdearis, the Executive Vice President and Chief Technology Officer of Blackbaud Inc (BLKB, Financial), sold 4,622 shares of the company. The transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 62,390 shares of Blackbaud Inc.
Blackbaud Inc is a software company that provides cloud software solutions. Its products are designed to help organizations increase their impact through fundraising, website management, CRM, analytics, financial management, ticketing, and education administration, catering primarily to non-profits, educational institutions, and healthcare entities.
Over the past year, Kevin Mcdearis has sold a total of 27,097 shares and has not purchased any shares. This recent transaction is part of a broader trend observed within the company, where there have been 26 insider sells and no insider buys over the past year.
Shares of Blackbaud Inc were trading at $85.13 on the day of the sale. The company has a market cap of approximately $4.34 billion. The price-earnings ratio of Blackbaud Inc stands at 106.46, significantly above both the industry median of 25.9 and the company's historical median.
According to the GF Value, the intrinsic value of Blackbaud Inc's stock is estimated at $76.17, leading to a price-to-GF-Value ratio of 1.12, indicating that the stock is Fairly Valued.
The insider transaction trends and the GF Value are crucial indicators for investors monitoring Blackbaud Inc's stock performance and insider behaviors.
This sale by Kevin Mcdearis aligns with a pattern of insider selling at Blackbaud Inc, which could be of interest to current and potential investors, especially considering the company's valuation metrics and market performance.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
