Tuesday, February 20, 2018 10:15 PM ET
Insider Sales at Blackbaud (BLKB) Extends the Selling Trend of Last Quarter
Three insiders — Dr Timothy C K Chou, Director, Anthony W Boor, Officer, and Michael P Gianoni, Director and Officer — sold 22,977 shares of Blackbaud having a market value of approximately $2,272,465, today, as reported in form 4 documents filed with the SEC. In the past 90 days prior to this transaction there was one insider buy/sell transaction which resulted in the sale of 800 shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 23,777 shares and have averaged 5,944 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Blackbaud is above its 100-company peer group average. The Software peer group saw 119 buy/sell trades during this period for an average of 1.2 transactions per company. However, the number of shares traded per transaction by Blackbaud insiders is lower than its peers. Within the peer group there were 312,300 shares purchased and 14,921,786 shares sold with company insiders selling 122,769 shares on average over this time period.
Significant insider buying and selling activity has been determined by eliminating all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers in data sourced in creating and writing this story.
Today’s Insider Activity
* Dr Timothy C K Chou, Director, sold 4,432 shares
* Anthony W Boor, Officer, sold 6,545 shares
* Michael P Gianoni, Director and Officer, sold 12,000 shares
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