Published: Sunday, November 17, 2024 · 5:50 PM | Updated: Sunday, November 17, 2024 · 5:50 PM
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On November 13, 2024, Kevin Gregoire, Executive Vice President and Chief Operating Officer of Blackbaud Inc (BLKB, Financial), sold 5,700 shares of the company. The transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 93,396 shares of Blackbaud Inc.
Blackbaud Inc is a software company that provides cloud software solutions. Its products are designed to help non-profits, foundations, companies, education institutions, healthcare organizations, and individual change agents increase their impact through various social good initiatives.
Over the past year, Kevin Gregoire has sold a total of 42,554 shares and has not made any purchases of the company’s stock. This recent sale is part of a broader trend at Blackbaud Inc, where there have been 27 insider sells and no insider buys over the past year.
On the date of the sale, shares of Blackbaud Inc were trading at $86.53, giving the company a market cap of approximately $4.11 billion. The price-earnings ratio of the company stands at 79.41, which is above the industry median of 26.31.
According to the GF Value, the intrinsic value estimate for Blackbaud Inc is $76.75 per share, making the stock Fairly Valued with a price-to-GF-Value ratio of 1.13.
The GF Value is calculated based on historical multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted by a GuruFocus factor which considers past returns and growth, and future business performance estimates from Morningstar analysts.
This sale by the insider may be of interest to current and potential investors, providing insight into insider confidence and stock valuation perceptions at Blackbaud Inc.
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.
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