This provider of cloud software for mission-driven organizations reported a sale by its chief financial officer amid a challenging year for its stock.
Chad Anderson, executive vice president and chief financial officer of blackbaud (NASDAQ:BLKB)reported the sale of 6,205 shares of common stock in an open market transaction on June 1, 2026, according to an SEC Form 4 filing.
Transaction Summary
|
Metric |
Worth |
|---|---|
|
Shares sold (direct) |
6,205 |
|
Transaction value |
$194,279 |
|
Post-transaction actions (direct) |
62,869 |
|
Post-transaction value (direct ownership) |
2.1 million dollars |
Transaction value based on SEC Form 4 reported price ($31.31); post-transaction value based on June 1 market close ($32.74).
Key questions
-
What proportion of Chad Anderson’s direct holdings in Blackbaud did this sale represent?
This disposition represented 8% of Anderson’s direct common stock holdings at the time, reducing his position from 69,074 to 62,869 shares. -
Is there evidence of indirect or derivative participation in this transaction?
No indirect or derivative holdings were reported in this filing; Both the shares sold and held are owned directly by Anderson, without the involvement of trusts, LLCs or options.
Company Overview
|
Metric |
Worth |
|---|---|
|
Revenue (TTM) |
1.1 billion dollars |
|
Net income (TTM) |
$141.3 million |
|
Dividend yield |
N/A |
Company Snapshot
Blackbaud is a provider of cloud software solutions tailored to the social good sector. The company’s strategy focuses on delivering integrated SaaS platforms that enable nonprofit and mission-driven organizations to efficiently manage fundraising, engagement, and financial operations.
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It offers a suite of cloud-based software solutions, including fundraising, relationship management, marketing, engagement, financial management, grant management and payment services for mission-driven organizations.
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It generates revenue primarily through subscription-based software-as-a-service (SaaS) offerings and related value-added services, leveraging a direct sales force.
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It serves higher education institutions, K-12 schools, healthcare organizations, faith communities, arts and cultural organizations, foundations, and corporate social responsibility programs globally.
What this transaction means for investors
The Blackbaud executive made his recent sale under a 10b5-1 business plan. That means these transactions, including the timing, were established according to pre-established terms. Designed to prevent insiders from taking advantage of important information beforehand, by definition, investors cannot obtain information from this type of sale.
As for stock performance, Blackbaud’s returns have been disappointing, to say the least. Compared to the last year, the stock has lost 55.6%. This is far behind the major stock indices. During this period, the S&P 500 The index returned 24.6% and the technology sector Nasdaq Composite It had a total return of 32.5%.