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Blackbaud, Inc. - BLKB STOCK NEWS

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Blackbaud, Inc. (NASDAQ: BLKB) is a pioneering leader in providing cloud software designed to power social good. This innovative company serves a diverse range of sectors, including nonprofits, foundations, corporations, educational institutions, healthcare organizations, and individual change agents. Founded in 1981 and headquartered in Charleston, South Carolina, Blackbaud has a global footprint with operations in the United States, Australia, Canada, and the United Kingdom.

Blackbaud's comprehensive portfolio includes solutions for fundraising and CRM, marketing, advocacy, peer-to-peer fundraising, corporate social responsibility, school management, ticketing, grantmaking, financial management, payment processing, and analytics. These tools are designed to enhance the impact and efficiency of organizations dedicated to social good. With over 40,000 customers spread across more than 100 countries, the company facilitates the donation of over $100 billion annually.

Recently, Blackbaud has achieved notable milestones. It continues its strategic partnership with the Association of Fundraising Professionals (AFP), sponsoring the AFP ICON conference and launching new AI capabilities for Blackbaud Raiser's Edge NXT®. Other recent news includes an unsolicited acquisition proposal from Clearlake Capital Group and the release of its first-quarter 2024 financial results, showcasing growth in revenue and profitability.

Blackbaud is also investing in technological advancements and partnerships. It recently invested $5 million in UBIQ Education to enhance digital experience ecosystems for K-12 schools. Moreover, Blackbaud's subsidiary, EVERFI, received certification for its Prescription Drug Safety program under the Every Student Succeeds Act (ESSA).

As a testament to its commitment to social impact, Blackbaud's 2023 Impact Report highlights significant progress in its environmental, social, and governance priorities. The company has been recognized on Newsweek's list of America's Most Responsible Companies, Quartz's list of Best Companies for Remote Workers, and Forbes' list of America's Best Employers. Learn more about Blackbaud's solutions and impact at www.blackbaud.com.

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Blackbaud launches Prospect Insights Pro, an AI-driven add-on capability for Blackbaud Raiser's Edge NXT. The solution provides researchers and fundraisers with more AI-driven insights to support planned and major gift fundraising. Prospect Insights Pro helps organizations build a pipeline for future major gift prospects, identify opportunities for blended gifts, and offers action-oriented recommendations based on predictive analytics.
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Blackbaud (NASDAQ: BLKB) announces strong financial results for Q3 2023, with accelerating revenue growth and margin expansion. The company exceeded the Rule of 40 target a quarter earlier than expected. CEO Mike Gianoni expresses optimism for continued momentum in 2024.
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Blackbaud, the leading provider of software for powering social impact, has tailored its fundraising product, Blackbaud CRM, to address the unique needs of large nonprofits and higher education institutions. The comprehensive software helps organizations raise more money and achieve their missions more effectively. Recent innovations include a cloud portal for key tasks, open APIs for integrations, online giving features, and comprehensive encryption of sensitive data.
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Blackbaud announces winners of Social Good Startup Showcase at bbcon. FundMiner, Trellis, and Hatch named winners. Showcase took place at Blackbaud's annual technology conference. 12 startups pitched their solutions for social impact. FundMiner also named people's choice winner. Winners provide innovative solutions for fund management, fundraising events, and giving intelligence.
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Blackbaud announces product innovations and enhancements at bbcon technology conference, focusing on seamless integration, AI capabilities, and flexibility.
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Blackbaud to report third quarter 2023 financial results
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Blackbaud doubles down on investment in peer-to-peer fundraising with new capabilities for Good Move mobile app
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Blackbaud reaches settlement with state Attorneys General regarding 2020 security incident
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Blackbaud is helping social impact organizations achieve their missions and reach outcomes through innovative software. Customers are leveraging AI and mobile apps to maximize fundraising potential and use data effectively. Grand Canyon Conservancy uses Prospect Insights to identify major gift prospects and shape fundraisers' portfolios, saving time and money. Carry The Load saw participants raise 46% more funds on average using the Good Move app. Norfolk SPCA uses Blackbaud Raiser's Edge NXT to manage constituent records and drive increased responses for appeals. Blackbaud is empowering organizations of all sizes.
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The youth-focused data science program, DataSetGo, has expanded its curriculum with the launch of DataSetGo Distinguished Scholars, providing 10 students with $5,000 awards each, totaling $50,000. The program aims to enable students to explore post-secondary education and workforce opportunities. Data science career opportunities are projected to grow by 35% from 2022 to 2032. DataSetGo is expected to reach at least 70,000 U.S. students by 2025.
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FAQ

What is the current stock price of Blackbaud (BLKB)?

The current stock price of Blackbaud (BLKB) is $81 as of November 15, 2024.

What is the market cap of Blackbaud (BLKB)?

The market cap of Blackbaud (BLKB) is approximately 4.1B.

What does Blackbaud, Inc. do?

Blackbaud provides cloud software solutions to power social good, including tools for fundraising, financial management, digital giving, grantmaking, and more.

Where is Blackbaud headquartered?

Blackbaud is headquartered in Charleston, South Carolina.

What are some recent achievements of Blackbaud?

Recent achievements include a strategic partnership with AFP, an acquisition proposal from Clearlake Capital Group, and the release of Q1 2024 financial results showing growth in revenue and profitability.

What markets does Blackbaud serve?

Blackbaud serves nonprofits, foundations, corporations, educational institutions, healthcare organizations, and individual change agents.

How does Blackbaud support K-12 education?

Blackbaud supports K-12 education through investments like its $5 million in UBIQ Education and solutions like the Blackbaud School Website System and UBIQ’s AMAIS platform.

What was the recent proposal from Clearlake Capital Group about?

Clearlake Capital Group proposed to acquire all outstanding shares of Blackbaud for $80.00 per share in cash.

How much in donations does Blackbaud enable annually?

Blackbaud enables more than $100 billion in donations annually.

What recognition has Blackbaud received?

Blackbaud has been recognized on Newsweek's list of America's Most Responsible Companies, Quartz's list of Best Companies for Remote Workers, and Forbes' list of America's Best Employers.

What is Blackbaud's commitment to social impact?

Blackbaud is committed to fueling impact and unleashing generosity through its software, environmental, social, and governance priorities, as highlighted in its 2023 Impact Report.

Where can I learn more about Blackbaud?

You can learn more about Blackbaud on their website at www.blackbaud.com.

Blackbaud, Inc.

Nasdaq:BLKB

BLKB Rankings

BLKB Stock Data

4.14B
50.72M
1.94%
98.2%
1.19%
Software - Application
Services-prepackaged Software
Link
United States of America
CHARLESTON