Independent Director Of Blackbaud Sold 28% Of Their Shares

We'd be surprised if Blackbaud, Inc. (NASDAQ:BLKB) shareholders haven't noticed that the Independent Director, Deneen DeFiore, recently sold US$266k worth of stock at US$66.61 per share. The eyebrow raising move amounted to a reduction of 28% in their holding.

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The Last 12 Months Of Insider Transactions At Blackbaud

In the last twelve months, the biggest single sale by an insider was when the President, Michael Gianoni, sold US$2.4m worth of shares at a price of US$83.30 per share. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. The good news is that this large sale was at well above current price of US$66.56. So it is hard to draw any strong conclusion from it.

Blackbaud insiders didn't buy any shares over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

See our latest analysis for Blackbaud

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Insider Ownership

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. Blackbaud insiders own about US$66m worth of shares. That equates to 2.1% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Do The Blackbaud Insider Transactions Indicate?

Insiders sold Blackbaud shares recently, but they didn't buy any. And there weren't any purchases to give us comfort, over the last year. While insiders do own shares, they don't own a heap, and they have been selling. We'd practice some caution before buying! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Blackbaud. Case in point: We've spotted 1 warning sign for Blackbaud you should be aware of.

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For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.