Stock News Spotlight: Blackbaud (NASDAQ:BLKB)

Blackbaud (NASDAQ:BLKB) stock identified change of 27.97% away from 52-week low price and recently located move of -49.76% off 52-week high price. It has market worth of $2.56B and dividend yield of 0.98%. BLKB stock has been recorded -27.41% away from 50 day moving average and -39.57% away from 200 day moving average. Moving closer, we can see that shares have been trading -8.67% off 20-day moving average.

On April 3, 2020, Blackbaud (NASDAQ:BLKB) the world’s leading cloud software company powering social good, is rallying behind its customers and empowering them with the technology needed to make quick shifts and take critical action during the global COVID-19 crisis.

In the weeks since the crisis came to the forefront, Blackbaud customers have creatively pivoted to switch in-person events to virtual fundraisers, established virtual volunteering options for employees, galvanized lobbying efforts for legislation to protect at-risk patient populations and created an array of COVID-19 funds and grant opportunities. K–12 schools are swiftly moving classes online as they’ve been forced to shut their doors. Religious organizations are providing online resources while coordinating support, given the increased need for offerings. Zoos, aquariums and other cultural organizations, which have lost revenue from in-person attendance, have graciously provided content for all to enjoy online, while reminding of ways to donate toward their continued operating costs.

Our customers have always inspired us, but the levels they are rising to during this pandemic are truly extraordinary, said Blackbaud President and CEO Mike Gianoni. In the face of adversity and the incredible challenges brought on by COVID-19, they are creating innovative solutions and using technology in new ways to contribute to the ecosystem of good™. We are proud to stand with our customers and support them with critical technology so they can continue focusing on their missions during this time of global crisis.

The Technology sector company, Blackbaud noticed change of -7.87% to $48.91 along volume of 369884 shares in recent session compared to an average volume of 443.96K. The stock observed return of -8.03% in 5 days trading activity. The stock was at -27.82% over one month performance. BLKB’s shares are at -37.89% for the quarter and driving a -40.81% return over the course of the past year and is now at -38.56% since this point in 2018.

The average volatility for the week at 6.03% and for month was at 10.85%. There are 52.44M shares outstanding and 48.34M shares are floated in market. Right now the stock beta is 1.29.

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