Blackbaud Inc Stock Price, News & Analysis

Blackbaud (NASDAQ: BLKB), the leading provider of software for social impact, has appointed Bill Fort as Senior Vice President of North America Sales, reporting to Chief Commercial Officer David Benjamin. Fort brings 25 years of software sales leadership experience, previously serving as Area Vice President of Sales at Salesforce, where he led teams across higher education, K-12, nonprofit, and Canadian sales sectors. His extensive background includes leadership positions at Oracle, SAP, SAS Institute, and CGI. Fort, who holds a degree from California State University, Chico, began his career working with inner-city teens and maintains active involvement in the nonprofit community through volunteer leadership and board service. In his new role, he will lead Blackbaud's U.S. and Canadian sales teams focused on serving social impact customers.

Blackbaud (NASDAQ: BLKB) released its 2024 Impact Report, showcasing significant achievements in corporate social responsibility. The company processed over $100B through its platforms annually and handled 20M donations via JustGiving. Key highlights include: 70% employee volunteering rate, 92% reduction in greenhouse gas emissions since 2019, and 100% carbon neutrality for 2024. The company provided 18,000 courses through LinkedIn Learning and maintained strong governance with specialized councils for AI and data security. Blackbaud's environmental efforts earned them 4th place among 450 companies on USA Today's Climate Leaders 2024 list, while achieving 25% energy and 21% water reduction at their global headquarters since 2019.

The Blackbaud Institute has released "The Status of Fundraising in the AI Era" report, revealing a strong correlation between technology adoption and fundraising success among social impact organizations. The study shows that 72% of organizations met or exceeded their fundraising targets in the past year.

Key findings highlight that 82% of nonprofits are using AI tools, primarily for content creation, with some utilizing it for prospecting and wealth screening. However, only 14% have formal AI policies in place. The report also found that 60% of fundraisers believe better training would improve technology use, while 56% emphasize the need for improved system integration. Among organizations that experienced revenue growth, 44% attributed it to adequate resourcing.

Blackbaud (NASDAQ: BLKB) has been named to Newsweek's World's Greenest Companies 2025 list, ranking among the top 750 publicly listed companies across 26 countries for environmental sustainability performance. The recognition follows a comprehensive study by Plant-A Insights Group evaluating over 8,000 companies based on ESG performance and environmental metrics.

Key achievements include a 90% reduction in global greenhouse gas emissions since 2019 and partnerships with environmental organizations like Project Drawdown. The company has also earned spots on Newsweek's America's Most Responsible Companies 2025 list and USA Today's America's Climate Leaders 2024 list. Companies selected for the World's Greenest Companies list must meet EU sustainability standards and have over 1,000 employees.

Blackbaud (NASDAQ: BLKB) has announced the return of its in-person K-12 user conference, scheduled for July 2026 in Boston. The event aims to connect K-12 independent school leaders and staff with Blackbaud product experts and peers. The conference will feature keynote speakers, product sessions focused on enrollment and retention, and direct access to product demos and workshops. A notable highlight is the revival of the 'Unconference' experience, an open forum where educators drive the agenda.

The announcement was made during the ATLIS annual conference in Atlanta, where Blackbaud served as a Diamond Sponsor. The company also revealed that bbcon 2025 will be held from October 6-8 in Philadelphia. Registration details and early bird pricing for the 2026 K-12 User Conference will be announced in the coming months.

Blackbaud (NASDAQ: BLKB) announced extensive product updates across its software portfolio during its semi-annual Product Update Briefings (May 6-9). Key highlights include the introduction of Blackbaud Copilot, an AI-powered assistant being implemented across multiple solutions, and significant enhancements to their donor management, data intelligence, and payment processing systems. Notable updates include: integration with Constant Contact for Raiser's Edge NXT, improved identity resolution in predictive modeling with LiveRamp, and the launch of Expedited Giving functionality in YourCause. The company is also expanding its Blackbaud Integrated Payments solution with features like Tap-to-Pay on iPhone and introducing AI-powered tools for content creation and prospect development. These updates align with Blackbaud's Intelligence for Good® AI strategy, focusing on making AI more accessible and practical for social impact organizations.

Blackbaud has announced key leadership changes, promoting Chad Anderson to Executive Vice President and Chief Financial Officer (CFO). Anderson, a 12-year company veteran who previously served as Chief Accounting Officer, will oversee financial reporting, controls, and investor relations.

Former CFO Tony Boor, after 14 successful years, transitions to a new role as Executive Vice President of Corporate Development and Strategy. In this position, Boor will focus on advancing Blackbaud's long-term value and driving enterprise-wide strategies.

Anderson brings significant experience from his previous roles at Blackbaud and Brightpoint, where he served as VP of Finance for international operations and CFO of the Europe, Middle East and Africa region. Both Anderson and Boor will remain on Blackbaud's executive leadership team as the company works toward becoming a Rule of 45 company by 2030.

Blackbaud reported its Q1 2025 financial results, showing mixed performance with organic growth despite overall revenue decline. The company's total revenue was $270.7 million, down 3.1% due to EVERFI divestiture, while non-GAAP organic revenue grew 5.8%.

Key highlights include:

• Recurring revenue at $264.1 million (97.6% of total revenue)
• GAAP operating margin improved to 7.5% (up 370 basis points)
• Non-GAAP operating margin reached 28.6% (up 270 basis points)
• GAAP earnings per share remained stable at $0.10
• Non-GAAP adjusted EBITDA margin increased to 34.3%

The company reaffirmed its 2025 guidance, projecting revenue of $1.115-1.125 billion and organic growth of 4.5-5.4%. Blackbaud repurchased approximately 4% of common stock and remains focused on becoming a Rule of 45 company by 2030.

Blackbaud has announced its enhanced partner ecosystem for K-12 independent schools, enabling them to customize their software solutions through SKY API. The company's Total School Solution offers comprehensive software for enrollment, student information, learning management, tuition, fundraising, and accounting.

Key partner integrations include:

• Almabase - Two-way integration for alumni engagement and fundraising
• August Schools - Digital hub for student health and wellness
• BrightArrow - Communications and emergency notifications
• Odin - Non-tuition expense management
• PaperSave - Invoice automation and payment processing
• UBIQ Education - School website management

Success stories include Berwick Academy's implementation of Odin for streamlined payments and Calvert Hall College High School's use of BrightArrow and August Schools for enhanced communication and student wellness services.