On November 12, 2024, Kevin Gregoire, Executive Vice President and Chief Operating Officer of Blackbaud Inc (BLKB, Financial), sold 6,619 shares of the company. The transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 99,096 shares of Blackbaud Inc.
Blackbaud Inc is a software company that provides cloud software solutions. Its products are designed to assist social good organizations in fundraising, financial management, payment services, and analytics.
Over the past year, Kevin Gregoire has sold a total of 36,854 shares and has not purchased any shares. This recent transaction continues a trend seen across the company, where there have been 26 insider sells and no insider buys over the past year.
Shares of Blackbaud Inc were trading at $85.68 on the day of the transaction. The company has a market cap of approximately $4.26 billion. The price-earnings ratio of the company stands at 82.35, which is higher than the industry median of 26.815.
The stock's GF Value is calculated at $76.84, indicating that with a trading price of $85.68, Blackbaud Inc is considered Fairly Valued with a price-to-GF-Value ratio of 1.12. The GF Value is an intrinsic value estimate that considers historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates.
This insider selling activity could be of interest to current and potential investors, providing insights into the perspectives of high-level executives within Blackbaud Inc regarding the company's current valuation and future prospects.
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.
