Blackbaud Inc (BLKB): Charles T Cumbaa , EVP Corp. & Prod. Strategy of Blackbaud Inc sold 11,431 shares on Jul 8, 2016. The Insider selling transaction was reported by the company on Jul 12, 2016 to the Securities and Exchange Commission. The shares were sold at $68.50 per share for a total value of $783,023.50 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jul 5, 2016, John J Mistretta (EVP of Human Resources) sold 2,472 shares at $67.88 per share price.On Jun 6, 2016, Charles T Cumbaa (EVP Corp. & Prod. Strategy) sold 4,764 shares at $64.00 per share price.Also, On May 27, 2016, George H Ellis (director) sold 1,300 shares at $61.44 per share price.On May 4, 2016, Anthony W Boor (CFO & Exec VP of Fin. & Admin.) sold 14,968 shares at $62.18 per share price.
Blackbaud: On Monday, Jul 11, 2016 heightened volatility was witnessed in Blackbaud which led to swings in the share price. The shares opened for trading at $68.88 and hit $69.7 on the upside , eventually ending the session at $68.98, with a gain of 0.95% or 0.65 points. The heightened volatility saw the trading volume jump to 3,10,099 shares. The 52-week high of the share price is $69.7 and the company has a market cap of $3,276 M . The 52-week low of the share price is at $49.89.
Company has been under the radar of several Street Analysts.Blackbaud is Reiterated by Stifel to Buy and the brokerage firm has raised the Price Target to $ 73 from a previous price target of $70 .The Rating was issued on Jun 30, 2016.
Blackbaud Inc. is a global provider of software and services designed for the non-profit charitable giving and education communities. The Company operates in four segments: Enterprise Customer Business Unit (ECBU) General Markets Business Unit (GMBU) International Business Unit (IBU) and Target Analytics. The ECBU is focused on marketing sales delivery and support to large and/or strategic prospects and customers in North America. The GMBU is focused on marketing sales delivery and support to all emerging and mid-sized prospects and customers in North America. The IBU is focused on marketing sales delivery and support to all prospects and customers outside of North America. Target Analytics is focused on marketing sales and delivery of analytic services to all prospects and customers across the globe. It operates in four geographic regions: United States Canada Europe and Australia.