Insider Sell: EVP & Chief Technology Officer Kevin Mcdearis Sells Shares of Blackbaud Inc (BLKB)
Kevin Mcdearis, the Executive Vice President and Chief Technology Officer of Blackbaud Inc (NASDAQ:BLKB), has sold 3,479 shares of the company on March 6, 2024, according to a recent SEC filing. The transaction was executed at an average price of $71.94 per share, resulting in a total value of $250,317.26.
Blackbaud Inc is a software company that provides cloud software, services, data intelligence, and expertise that empower social good organizations to increase their impact. These organizations include nonprofits, foundations, companies, education institutions, healthcare institutions, and the individual change agents who support them.
Over the past year, Kevin Mcdearis has sold a total of 13,479 shares of Blackbaud Inc and has not made any purchases of the stock. This latest transaction continues a trend of insider sales at the company, with a total of 20 insider sells and no insider buys occurring over the past year.
On the day of the insider's recent sale, shares of Blackbaud Inc were trading at $71.94, giving the company a market capitalization of $3.91 billion. The price-earnings ratio of the company stands at 2,437.67, significantly above both the industry median of 27.61 and the company's historical median price-earnings ratio. Despite the high price-earnings ratio, the stock is considered Fairly Valued with a price-to-GF-Value ratio of 1, as the share price of $71.94 closely aligns with the GuruFocus Value of $71.96.
The GF Value is a proprietary intrinsic value estimate from GuruFocus, which is determined by historical trading multiples, an adjustment factor based on past performance, and future business performance estimates provided by Morningstar analysts.
The insider trend image above reflects the recent insider selling activity at Blackbaud Inc.
The GF Value image above indicates the current valuation status of Blackbaud Inc's stock.
Investors and analysts often monitor insider selling as it can provide insights into an insider's perspective on the value of the company's stock. However, insider transactions are not always indicative of future stock performance and may be influenced by various factors, including personal financial needs or portfolio diversification strategies.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
