BLKB - Insider Decision: Kevin Gregoire Offloads $787K Worth Of Blackbaud Stock | Benzinga
It was reported on July 16, that Kevin Gregoire, EVP at Blackbaud (NASDAQ:BLKB) executed a significant insider sell, according to an SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Tuesday showed that Gregoire sold 9,902 shares of Blackbaud. The total transaction amounted to $787,643.
Blackbaud's shares are actively trading at $77.23, experiencing a down of 0.6% during Wednesday's morning session.
Unveiling the Story Behind 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.
Blackbaud's Financial Performance
Revenue Growth: Over the 3 months period, Blackbaud showcased positive performance, achieving a revenue growth rate of 6.68% as of 31 March, 2024. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, ...