While insider selling is notable, the volume remains low relative to market cap and may reflect personal diversification rather than negative sentiment. Monitor for additional sales or any change in tone from management ahead of earnings.
Price Chart
Executive Summary
Two Blackbaud executives — the Chief Operating Officer and General Counsel — sold shares in open-market transactions totaling $345,551 over the past week. These sales are part of a broader trend of insider selling, with four transactions amounting to $1.5M in the last 30 days.
Key Financial Metrics
Key Facts
- EVP and COO Gregoire Kevin P. sold 2,000 shares for $100,040 at $50.02 per share on March 4, 2026.
- SVP and General Counsel Jon W. Olson sold 5,000 shares for $245,511 at $49.1022 per share on March 3, 2026.
- Total value of the 7-day cluster: $345,551 in open-market sales.
- Combined with two other recent sales, insiders have sold $1.5M worth of stock in the last 30 days.
- All transactions were open-market sales (Form 4 codes: S), not driven by grants, taxes, or derivatives.
Financial Impact
$345,551 in insider sales over 7 days, representing approximately 0.015% of Blackbaud's $2.3B market cap
Risk Factors
- Sustained insider selling could signal lack of confidence, especially if it accelerates ahead of earnings or macro headwinds in the SaaS/enterprise software sector.
- Concentration of sales among senior executives (COO, GC) increases visibility, though not necessarily material risk.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CONTEXT: Insider Cluster Data (2 trades, 7d window) | cluster-BLKB-1772839135378 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 14, 2026 13d ago | Press Release | $48.86 | awaiting T+60 | — | $53.62 (+9.74%) |
Sep 29, 2026 28d ago | Press Release | $41.43 | awaiting T+60 | — | $53.62 (+29.42%) |
Sep 2, 2026 7w ago | Insider Cluster | $48.46 | awaiting T+60 | — | $53.62 (+10.65%) |
Aug 17, 2026 10w ago | 3 | $44.36 | awaiting T+60 | — | $53.62 (+20.87%) |
Aug 10, 2026 11w ago | 8-K | $45.45 | awaiting T+60 | — | $53.62 (+17.98%) |
Jul 29, 2026 12w ago | 8-K | $42.18 $56.48 | ▲ +33.90% | ▲ +29.17% | $53.62 (+27.12%) |
Apr 29, 2026 25w ago | 8-K | $39.04 $32.71 | ▼ −16.21% | ▼ −20.33% | $53.62 (+37.35%) |
Apr 21, 2026 27w ago | DEFA14A | $38.62 $33.03 | ▼ −14.47% | ▼ −21.37% | $53.62 (+38.84%) |
Mar 3, 2026 33w ago | Insider Cluster | $49.77 $30.69 | ▼ −38.33% | ▼ −48.74% | $53.62 (+7.75%) |
Feb 24, 2026 35w ago | Insider Cluster | $47.21 $31.44 | ▼ −33.40% | ▼ −40.15% | $53.62 (+13.58%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers