On August 16, 2024, David Benjamin, Executive Vice President and Chief Commercial Officer of Blackbaud Inc (NASDAQ:BLKB), completed a sale of 5,590 shares of the company’s stock. The transaction was documented in a recent SEC filing. Following this transaction, the insider now owns 51,108 shares of Blackbaud Inc.

Blackbaud Inc. is a software company that provides cloud software solutions. Its services are primarily aimed at nonprofit organizations, including nonprofits, foundations, corporations, educational institutions, healthcare institutions, and individual change agents.

Over the past year, David Benjamin has sold a total of 59,009 shares and purchased no shares. This recent sale is part of a broader trend at Blackbaud Inc., where there were 25 insider sales and no insider purchases over the past year.

Blackbaud Inc.’s stock price was $78.04 on the day of the transaction. The company’s market capitalization is around $4.06 billion. Its price-to-earnings ratio is 99.47, which is higher than the industry average of 25.52.

The stock is valued at $75.21 according to GF Value, resulting in a price-to-GF Value ratio of 1.04, indicating that the stock is fairly valued.

The GF value is calculated by taking into account historical multiples such as price-to-earnings ratio, price-to-sales ratio, price-to-book ratio and price-to-free cash flow, along with a GuruFocus adjustment factor based on past earnings and growth as well as Morningstar analysts’ views on future business performance.

This insider sale may be of interest to current and potential investors as it provides insight into the insider’s perspective and actions within the company.

This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.

This article first appeared on GuruFocus.