Blackbaud (BLKB) reported third-quarter 2026 GAAP revenue of $292.6 million, up 4.1% from a year earlier. GAAP net income was $46.1 million, while diluted earnings per share were $1.02.
The company reaffirmed its 2026 full-year guidance and said it expects results in the upper half of its ranges for revenue, adjusted EBITDA, diluted earnings per share and free cash flow.
- GAAP recurring revenue was $287.0 million, representing 98.1% of total revenue.
- GAAP income from operations was $60.0 million, with a 20.5% operating margin.
- GAAP net cash provided by operating activities was $141.7 million during the quarter.
- Full-year GAAP revenue guidance remained $1.173 billion to $1.179 billion.
- Blackbaud announced Platform for Good and Lantern, a fundraising-focused language model developed through a collaboration with Databricks.
- Approximately $832 million remained under the company’s stock repurchase program as of September 30, 2026.
$BLKB Insider Trading Activity
$BLKB insiders have traded $BLKB stock on the open market 6 times in the past 6 months. Of those trades, 0 have been purchases and 6 have been sales.
Here’s a breakdown of recent trading of $BLKB stock by insiders over the last 6 months:
- KEVIN P. GREGOIRE (EVP, Chief Operating Officer) has made 0 purchases and 2 sales selling 22,000 shares for an estimated $1,001,091.
- MICHAEL P GIANONI (President and CEO) sold 17,000 shares for an estimated $804,984
- CHAD ANDERSON (Executive VP and CFO) has made 0 purchases and 2 sales selling 8,205 shares for an estimated $289,398.
- DAVID J BENJAMIN (EVP, Chief Commercial Officer) sold 2,086 shares for an estimated $100,698
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$BLKB Hedge Fund Activity
We have seen 153 institutional investors add shares of $BLKB stock to their portfolio, and 155 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BLACKROCK, INC. added 1,214,056 shares (+25.5%) to their portfolio in Q2 2026, for an estimated $35,960,338
- VAN BERKOM & ASSOCIATES INC. removed 718,655 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $21,286,561
- MORGAN STANLEY added 638,001 shares (+15.0%) to their portfolio in Q2 2026, for an estimated $18,897,589
- GOLDMAN SACHS GROUP INC added 579,243 shares (+87.5%) to their portfolio in Q2 2026, for an estimated $17,157,177
- LIGHTROCK NETHERLANDS B.V. added 573,946 shares (+inf%) to their portfolio in Q2 2026, for an estimated $17,000,280
- SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 549,932 shares (+inf%) to their portfolio in Q2 2026, for an estimated $16,288,985
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added 545,431 shares (+174.3%) to their portfolio in Q2 2026, for an estimated $16,155,666
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
