BLKB - Blackbaud EVP Trades $2.60M In Company Stock | Benzinga
Disclosed on May 30, David Benjamin, EVP at Blackbaud (NASDAQ:BLKB), executed a substantial insider sell as per the latest SEC filing.
What Happened: Benjamin's decision to sell 33,419 shares of Blackbaud was revealed in a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday. The total value of the sale is $2,597,574.
Tracking the Friday's morning session, Blackbaud shares are trading at $77.0, showing a down of 0.0%.
About Blackbaud
Founded in 1981, Blackbaud provides software solutions designed to serve the "social good" community, including nonprofits, foundations, corporations, educational institutions, healthcare institutions, and individual change agents. Through M&A and organic product development efforts, the company has also moved into related areas outside core fundraising, notably into K-12 schools. The firm enables more than $100 billion in donations annually across a customer base in excess of 40,000 customers in over 100 countries.
A Deep Dive into Blackbaud's Financials
Negative Revenue Trend: Examining Blackbaud's financials over 3 months reveals challenges. As of 31 March, 2024, the company experienced a decline of approximately -5.34% in revenue growth, reflecting a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with ...