Blackbaud (BLKB) Receives a Hold from D.A. Davidson

By Ryan Adsit

In a report released today, Rishi Jaluria from D.A. Davidson maintained a Hold rating on Blackbaud (NASDAQ: BLKB), with a price target of $82. The company’s shares closed yesterday at $90.01, close to its 52-week low of $87.75.

According to, Jaluria is a 2-star analyst with an average return of 2.6% and a 41.7% success rate. Jaluria covers the Technology sector, focusing on stocks such as Varonis Systems, Instructure Inc, and Veeva Systems.

Currently, the analyst consensus on Blackbaud is a Hold with an average price target of $90.50, which is a 0.5% upside from current levels. In a report released today, Raymond James also downgraded the stock to Hold.


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Blackbaud’s market cap is currently $4.37B and has a P/E ratio of 63.84. The company has a Price to Book ratio of 12.55.

Based on the recent corporate insider activity of 62 insiders, corporate insider sentiment is negative on the stock.

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Blackbaud, Inc. engages in the provision of cloud-based and on-premises software solutions and related services for the global philanthropic community. It offers solutions for fundraising and constituent relationship management (CRM), marketing, advocacy, accounting, peer-to-peer fundraising, corporate social responsibility (CSR), school management, ticketing, grantmaking, financial management, payment processing, and analytics. The company was founded by Anthony E. Bakker in 1981 and is headquartered in Charleston, SC.