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Blackbaud (BLKB)

Blackbaud is the world's leading cloud software company powering social good. Serving the entire social good community-nonprofits, higher education institutions, K-12 schools, healthcare organizations, faith communities, arts and cultural organizations, foundations, companies and individual change agents-Blackbaud connects and empowers organizations to increase their impact through cloud software, services, expertise and data intelligence. The Blackbaud portfolio is tailored to the unique needs of vertical markets, with solutions for fundraising and CRM, marketing, advocacy, peer-to-peer fundraising, corporate social responsibility, school management, ticketing, grantmaking, financial management, payment processing and analytics. Serving the industry for more than three decades, Blackbaud is headquartered in Charleston, South Carolina, and has operations in the United States, Australia, Canada, Costa Rica and the United Kingdom.

Company profile

Ticker
BLKB
Exchange
CEO
Michael Gianoni
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
ACN 161 644 328 Pty. Ltd. • BB Real Property Development, LLC • BBHQ1, LLC • Blackbaud Asia, Ltd. • Blackbaud Canada, Inc. • Blackbaud Europe Ltd. • Blackbaud Global Ltd. • Blackbaud Latin America, S.R.L. • Blackbaud Pacific Pty. Ltd. • Click 4 Compliance, LLC ...
IRS number
112617163

BLKB stock data

Calendar

4 Aug 22
25 Sep 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 478.52M 478.52M 478.52M 478.52M 478.52M 478.52M
Cash burn (monthly) (no burn) (no burn) 1.93M 1.42M (no burn) (no burn)
Cash used (since last report) n/a n/a 5.55M 4.08M n/a n/a
Cash remaining n/a n/a 472.97M 474.44M n/a n/a
Runway (months of cash) n/a n/a 245.1 334.5 n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
11 Aug 22 Kevin P. Gregoire Common Stock Sell Dispose S No No 57.1036 1,800 102.79K 98,381
10 Aug 22 Joyce Nelson Common Stock Sell Dispose S No No 57.6318 3,500 201.71K 18,946
9 Aug 22 Ellis George H Common Stock Sell Dispose S No No 56.1816 1,500 84.27K 11,456
5 Aug 22 David J Benjamin Common Stock Grant Acquire A No No 0 12,963 0 63,089
5 Aug 22 Kevin P. Gregoire Common Stock Grant Acquire A No No 0 12,963 0 100,181
98.1% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 239 243 -1.6%
Opened positions 32 30 +6.7%
Closed positions 36 40 -10.0%
Increased positions 82 98 -16.3%
Reduced positions 94 75 +25.3%
13F shares Current Prev Q Change
Total value 3.02B 3.01B +0.5%
Total shares 52.02M 50.11M +3.8%
Total puts 86.8K 29.7K +192.3%
Total calls 255.31K 36.6K +597.6%
Total put/call ratio 0.3 0.8 -58.1%
Largest owners Shares Value Change
Clearlake Capital 9.75M $566.29M +33.5%
BLK Blackrock 5.29M $307.15M -0.6%
Vanguard 5.02M $291.73M +2.2%
Atlanta Capital Management Co L L C 3.59M $208.61M -1.0%
JHG Janus Henderson 2.87M $166.64M -0.1%
FMR 1.98M $114.69M -1.5%
TPG GP A 1.72M $99.68M 0.0%
Van Eck Associates 1.69M $98M -36.3%
STT State Street 1.5M $87.3M -2.1%
Champlain Investment Partners 1.01M $58.43M -3.9%
Largest transactions Shares Bought/sold Change
Clearlake Capital 9.75M +2.45M +33.5%
Van Eck Associates 1.69M -960.62K -36.3%
P2 Capital Partners 713.57K +713.57K NEW
Indaba Capital Management 559.05K +559.05K NEW
MS Morgan Stanley 441.37K +231.53K +110.3%
First Trust Advisors 361.44K -173.3K -32.4%
Echo Street Capital Management 194.15K -171.28K -46.9%
Fairview Capital Investment Management 304.58K -145.72K -32.4%
BK Bank Of New York Mellon 674.59K -144.31K -17.6%
Parametric Portfolio Associates 0 -134.21K EXIT

Financial report summary

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Competition
Oracle
Risks
  • The Security Incident has had, and may continue to have numerous adverse effects on our business, results of operations, financial condition and cash flows.
Management Discussion
  • •EVERFI, Inc. ("EVERFI") on December 31, 2021
  • We have included the results of operations of acquired companies in our consolidated results of operations from the date of their respective acquisitions. In accordance with applicable accounting rules, we determined that the impact of the EVERFI and YourCause acquisitions were not material to our consolidated financial statements; therefore, revenue and earnings since the acquisition date and pro forma information are not required or presented. See Note 3 to our consolidated financial statements in this report for a summary of these acquisitions.
  • Recurring revenue is comprised of fees for the use of our subscription-based software solutions, which includes providing access to cloud solutions, hosting services, payment services, online training programs and subscription-based analytic services. Recurring revenue also includes fees from maintenance services for our on-premises solutions, services included in our renewable subscription contracts, retained and managed services contracts that we expect to have a term consistent with our cloud solution contracts, and variable transaction revenue associated with the use of our solutions.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
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Readability
H.S. sophomore Avg
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Removed: aspirational, EMG, GMG, International, key, moved, platform, recast, SKY