Blackbaud $BLKB stock has broken below its 200 day moving average right as news hits that an insider sold $279K worth of stock.
The Blackbaud COO Kevin Gregoire just sold $279,072.00 (4,800 shares) in $BLKB. He has decreased his ownership by -4% to 106,310 shares. I wonder if that was a planned sale beforehand or Kevin really knows how to read a stock chart?!
Could it be that with rising rates, the entire fundraising and donors thing is on the downtrend?
Blackbaud Inc is a cloud software company that provides software solutions to the nonprofit, education, healthcare, and arts and culture sectors. Their software offerings include fundraising and donor management, financial management, CRM, marketing automation, and analytics. Blackbaud’s platforms allow organizations to manage their data, secure and grow their donor base, and create custom experiences for their constituents.