Shares of Blackbaud (BLKB) Sees Large Outflow of Money

Blackbaud (BLKB) : The value of composite uptick trades was $0.13 million, whereas, the value of composite downtick trades was $0.5 million. The uptick to downtick ratio stood at 0.25 with a negative money flow of ($0.37) Million during Wednesdays trading session. The block trades money flow was negative ($0.1 million). The transaction of the trades on downticks amounted to $0.1 million, which confirms investors selling on the strength of price. Blackbaud (BLKB) gained 16 cents at $70.2, an increase of 0.23% over the previous days close.


Also, Evercore Partners initiates coverage on Blackbaud (NASDAQ:BLKB). The shares have now been rated Hold by the stock experts at the ratings house. The rating by the firm was issued on June 27, 2016.

Blackbaud (NASDAQ:BLKB): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $70.47 and $69.85 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $71.56. The buying momentum continued till the end and the stock did not give up its gains. It closed at $71.09, notching a gain of 1.50% for the day. The total traded volume was 116,526 . The stock had closed at $70.04 on the previous day.

The stock has recorded a 20-day Moving Average of 4.58% and the 50-Day Moving Average is 9.58%. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (EVP of Human Resources) of Blackbaud Inc, Mistretta John J had sold 2,255 shares worth of $157,850 in a transaction dated July 12, 2016. In this transaction, 2,255 shares were sold at $70 per share.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.