Blackbaud, Inc. (BLKB)

Blackbaud's stock price has declined approximately 39.89% over the past year and is trading near its 52-week lows. As of April 8, 2026, the share price was $37.29, a notable drop from $62.04 on April 9, 2025. Blackbaud reported strong Q4 2025 earnings on February 10, 2026, with an EPS of $1.19, surpassing analysts' estimates of $1.15. Quarterly revenue was $295.3 million, exceeding the consensus estimate, although GAAP total revenue was down 2.3% year-over-year, primarily due to the divestiture of EVERFI in December 2024. The company issued FY2026 EPS guidance in the range of $5.15–$5.25. In early 2024, Clearlake Capital launched an unsolicited bid near $80 per share, which reshaped ownership dynamics.

Demand for Blackbaud's products and services exhibits seasonality, particularly in its transactional revenue. The fourth quarter is typically the highest revenue quarter, while the first quarter tends to be the lowest, attributed to the timing of charitable giving and events. Annual merit increases for employee compensation go into effect on July 1, leading to higher compensation-related costs in Q3 and Q4 compared to Q1 and Q2.

Blackbaud, Inc. is a cloud software provider for the social impact community, serving nonprofits, foundations, corporations, education institutions, healthcare organizations, religious organizations, and individual change agents. The company's products and services accelerate impact in areas such as fundraising and engagement, nonprofit financial management, digital giving, grantmaking, CSR, ESG programs, and education management. Key offerings include fundraising and engagement solutions, financial management software, grant and award management solutions, education solutions, and payment services. The company also provides CRM, analytics, website management, ticketing solutions, and consultancy services.

Blackbaud has a global customer base, supporting over a million users in more than 100 countries. The company is headquartered in Charleston, South Carolina, U.S., and has operations in the United States, Australia, Canada, Costa Rica, India, and the United Kingdom.

Blackbaud's brand reputation has been affected by both challenges and positive recognition. In February 2024, the FTC announced a settlement with Blackbaud to improve its data handling practices, stemming from a complaint regarding security practices that allowed a hacker to obtain sensitive personal data. Blackbaud is also facing class-action lawsuits from clients in South Carolina and Massachusetts related to this incident. Despite these issues, Blackbaud has received positive recognition for its corporate social responsibility and workplace excellence, including being recognized on Newsweek's America's Most Responsible Companies 2026 and World's Greenest Companies 2025 and named one of America's Best Mid-Size Companies 2025 by TIME. The company actively contributes to philanthropic initiatives globally.

Blackbaud's ownership is heavily dominated by institutional investors, who collectively hold a significant portion of the company's stock. As of March 2025, institutional holders accounted for over 98% of outstanding shares. More recent data indicates institutional investors own approximately 63.74% to 89.70% of the stock, with insiders holding around 2.08% and public companies and individual investors holding 8.22% to 25.96%. Major institutional owners include Clearlake Capital Group, L.P., BlackRock, Inc., The Vanguard Group, Inc., Morgan Stanley, and State Street Global Advisors, Inc./State Street Corp.