On September 19, 2024, Kevin Mcdearis, Executive Vice President & Chief Technology Officer of Blackbaud Inc (BLKB, Financial), sold 4,577 shares of the company. The transaction was executed at a price of $85.14 per share, as detailed in the SEC Filing. Following this transaction, the insider now owns 57,813 shares of Blackbaud Inc.
Blackbaud Inc is a provider of software solutions and services specifically designed for nonprofit organizations, helping them improve their operational efficiency and build strong relationships with constituents. The company offers a range of products that support fundraising, financial management, education administration, and more.
Over the past year, Kevin Mcdearis has sold a total of 31,674 shares of Blackbaud Inc and has not purchased any shares. This recent sale is part of a broader trend observed within the company, where there have been 27 insider sells and no insider buys over the same period.
As of the latest transaction, Blackbaud Inc's shares were trading at $85.14, giving the company a market cap of approximately $4.375 billion. The price-earnings ratio stands at 107.27, significantly above both the industry median and the company's historical median.
According to the GF Value, an intrinsic value estimate calculated by GuruFocus, Blackbaud Inc is currently modestly overvalued with a price-to-GF-Value ratio of 1.12. The GF Value is derived from historical trading multiples, an adjustment factor based on past returns and growth, and future business performance estimates provided by Morningstar analysts.
This insider sale might interest investors tracking insider behaviors as an indicator of the company’s future performance or stock valuation adjustments.
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.
