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Blackbaud Inc [BLKB] stock was sold by BOOR ANTHONY W at the price of US$0.55 million

Blackbaud Inc’s recently made public that its CFO & Exec VP of Fin. & Admin. BOOR ANTHONY W unloaded Company’s shares for reported $0.55 million on Apr 15 ’24. In the deal valued at $79.01 per share,6,900 shares were sold. As a result of this transaction, BOOR ANTHONY W now holds 151,368 shares worth roughly $11.79 million.

Then, Gregoire Kevin P. sold 5,000 shares, generating $395,000 in total proceeds. Upon selling the shares at $79.00, the EVP, Chief Operating Officer now owns 128,641 shares.

Before that, BOOR ANTHONY W sold 3,100 shares. Blackbaud Inc shares valued at $246,401 were divested by the CFO & Exec VP of Fin. & Admin. at a price of $79.48 per share. As a result of the transaction, BOOR ANTHONY W now holds 158,268 shares, worth roughly $12.33 million.

Raymond James upgraded its Blackbaud Inc [BLKB] rating to an Outperform from a a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who increased its forecast for the stock in early May from “a Neutral” to “an Outperform”. The Benchmark Company revised its rating on February 10, 2021. It rated BLKB as “a Buy” which previously was an “a Hold”.

Price Performance Review of BLKB

On Tuesday, Blackbaud Inc [NASDAQ:BLKB] saw its stock fall -1.24% to $77.92. Over the last five days, the stock has lost -1.59%. Blackbaud Inc shares have fallen nearly -10.13% since the year began. Nevertheless, the stocks have risen 12.35% over the past one year. While a 52-week high of $88.56 was reached on 01/02/24, a 52-week low of $64.32 was recorded on 02/28/24. SMA at 50 days reached $73.27, while 200 days put it at $75.37. A total of 0.34 million shares were traded, compared to the trading of 0.11 million shares in the previous session.

Levels Of Support And Resistance For BLKB Stock

The 24-hour chart illustrates a support level at 76.82, which if violated will result in even more drops to 75.73. On the upside, there is a resistance level at 78.95. A further resistance level may holdings at 79.99. The Relative Strength Index (RSI) on the 14-day chart is 56.65, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.40, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 27.73%. Stochastics %K at 77.01% indicates the stock is a holding.

The most recent change occurred on August 28, 2020 when Stephens began covering the stock and recommended ‘”an Overweight”‘ rating along with a $80 price target.

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