Blackbaud, Inc. (BLKB)

Over the past six months, Blackbaud's stock price has fluctuated due to earnings reports, strategic investments, and market trends. In February 2026, Blackbaud announced its 2025 financial results and a stock repurchase program. In March 2026, the company showcased customer outcomes from AI solutions and opened registration for its bbcon 2026 conference. In April 2026, Blackbaud reported revenue growth and launched its first agentic AI product, leading to a stock surge. In May 2026, Blackbaud invested in Student First but experienced stock declines, hovering near its 52-week low.

Blackbaud anticipates that its quarterly financial performance will be heavily weighted towards the back half of the year, particularly the fourth quarter, suggesting demand seasonality influenced by the budgeting cycles of its target market and year-end giving campaigns.

Blackbaud, Inc. is an American cloud computing provider focused on powering social impact organizations globally. Founded in 1981, it operates in the information sector as a software publisher, primarily in the Financial Software industry. Blackbaud serves a diverse range of clients within the social good community, offering AI-powered cloud solutions tailored to vertical markets such as fundraising, financial management, education, and corporate social responsibility.

Blackbaud operates as a remote-first company with a global presence. Its operations are located in the United States, Australia, Canada, Costa Rica, India, and the United Kingdom. The company supports users in over 100 countries, connecting millions of individuals to hundreds of thousands of causes and institutions worldwide.

In the past year, Blackbaud has maintained a positive brand reputation through awards and recognition, a focus on AI and social impact, and corporate social responsibility. Blackbaud was named to Newsweek's list of America's Most Responsible Companies for the fifth consecutive year. The company has been actively promoting its AI-powered solutions for social impact, emphasizing their accessibility, effectiveness, and ethical design. Blackbaud actively contributes to philanthropic initiatives globally through its corporate social responsibility program.

Blackbaud's ownership is heavily dominated by institutional investors, holding approximately 98.22% of the company's shares as of March 2025. Clearlake Capital Group, L.P. is the largest individual shareholder. Other major institutional shareholders include BlackRock, Inc., The Vanguard Group, Inc., Morgan Stanley and State Street Global Advisors, Inc./State Street Corp. Blackbaud insiders own 26.30% of the company.