Blackbaud (BLKB)
Runs fundraising, finance, education, grantmaking, corporate-impact, payments, and analytics workflows for social-impact organizations.
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Sells cloud software and related services for nonprofits, schools, foundations, companies with social-responsibility programs, and individual change makers. Revenue is mostly recurring through subscriptions, transaction-based giving and tuition workflows, payments, and services, all reported in a single operating segment.
Serves social-impact organizations with cloud software for fundraising and CRM, nonprofit finance, grant and award management, education management, ticketing, corporate impact, payment services, analytics, and professional services.
Core product lines include Raiser's Edge NXT, Financial Edge NXT, JustGiving, Grantmaking, and YourCause products. The business operates from Charleston with employees worldwide and serves customers beyond the United States.
Recurring contracts and transaction-based workflows drive most revenue, with donation processing, consumer giving, and tuition management adding usage-linked volume. The model depends on trusted handling of constituent, student, donor, volunteer, and payment data after past security and data-retention settlements, and the company reports a single operating segment.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 15, 2026 | Robert W. Baird | Target | Target: $54 | Target: $58 |
| Jul 30, 2026 | Robert W. Baird | Target | Target: $50 | Target: $54 |
| Jul 29, 2026 | Raymond James | Reiterate | Rating: —Target: $60 | Target: $55 |
| Jul 10, 2026 | Stifel Nicolaus | Target | Target: $45 | Target: $30 |
| Apr 30, 2026 | Robert W. Baird | Target | Target: $60 | Target: $50 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $34.4M · Total debt $1.15B · Total assets $2.59B · Shareholders' equity $67.0M
- Revenue
- $290.6M
- Operating income
- $62.0M
- Net income
- $35.4M
No dividends on record.
| Institutions | 110.67% | 50.23M shares | |
|---|---|---|---|
| 285 holders · as of Jun 30, 2026 | |||
| Insiders | 8.25% | 3.74M shares | |
| 16 holders · as of Sep 4, 2026 | |||
| Strategic holders | 6.73% | 3.06M shares | |
| 1 holder · as of Feb 10, 2022 | |||
| Adds to | 125.65% | ||
45.39M company shares as of Aug 25, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 125.65%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Clearlake Capital Group, L.P.Institution | 21.48% | 9.75M | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 13.18% | 5.98M | as of Jun 30, 2026 |
Morgan StanleyInstitution | 10.80% | 4.90M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 6.93% | 3.15M | as of Jun 30, 2026 |
Janus Henderson Group PLCStrategic | 6.73% | 3.06M | filed Feb 10, 2022 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 31, 2026 | David J. Benjamin | officer: EVP, Chief Commercial Officer | −2,086 | $48.27 |
| Sep 1, 2026 | Chad Anderson | officer: Executive VP and CFO | −2,000 | $47.56 |
| Aug 25, 2026 | Michael P. Gianoni | director, officer: President and CEO | −17,000 | $47.35 |
| Aug 6, 2026 | Kevin P. Gregoire | officer: EVP, Chief Operating Officer | −22,000 | $45.50 |
| Mar 4, 2026 | Kevin P. Gregoire | officer: EVP, Chief Operating Officer | −2,000 | $50.02 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Blackbaud | $42.18 | −2.00% | $1.95B | 13.5 | 7.5 | 1.7 | +3.3% |
| Salesforce | $232.32 | −1.74% | $193.63B | 21.6 | 15.8 | 4.4 | +10.8% |
| Microsoft | $499.14 | −0.49% | $3.72T | 27.9 | 25.5 | 11.2 | +17.8% |
| Oracle | $150.16 | +1.08% | $427.95B | 23.3 | 17.7 | 6.0 | +29.6% |
| Workday | $190.08 | −0.96% | $50.27B | 38.9 | 15.8 | 4.9 | +12.8% |
| PayPal | $52.86 | +0.46% | $45.01B | 9.9 | 9.5 | 1.3 | +4.8% |
| Nelnet | $126.48 | +0.15% | $4.54B | 15.2 | 15.2 | 2.4 | −33.6% |
| Flywire | $17.30 | +1.02% | $2.08B | 66.4 | 23.0 | 2.9 | +24.2% |
| Intuit | $289.61 | −4.77% | $83.19B | 18.4 | 12.3 | 3.9 | +13.7% |
| Median | 22.4 | 15.8 | 4.1 | +13.2% |