Conestoga Capital Advisors Has Cut Blackbaud (BLKB) Holding By $9.25 Million; Opaleye Management Has Raised Corium International (CORI) Stake By $2.26 Million

February 21, 2018 - By Vivian Park

Opaleye Management Inc increased Corium International Inc (CORI) stake by 28.67% reported in 2017Q3 SEC filing. Opaleye Management Inc acquired 205,000 shares as Corium International Inc (CORI)’s stock rose 78.39%. The Opaleye Management Inc holds 920,000 shares with $10.19M value, up from 715,000 last quarter. Corium International Inc now has $470.33M valuation. The stock increased 4.66% or $0.58 during the last trading session, reaching $13.02. About 251,730 shares traded or 25.81% up from the average. Corium International, Inc. (NASDAQ:CORI) has risen 84.14% since February 21, 2017 and is uptrending. It has outperformed by 67.44% the S&P500.

Conestoga Capital Advisors Llc decreased Blackbaud Inc (BLKB) stake by 13.92% reported in 2017Q3 SEC filing. Conestoga Capital Advisors Llc sold 106,358 shares as Blackbaud Inc (BLKB)’s stock rose 9.41%. The Conestoga Capital Advisors Llc holds 657,814 shares with $57.76 million value, down from 764,172 last quarter. Blackbaud Inc now has $4.71 billion valuation. The stock increased 0.07% or $0.07 during the last trading session, reaching $100.12. About 327,695 shares traded or 24.63% up from the average. Blackbaud, Inc. (NASDAQ:BLKB) has risen 35.80% since February 21, 2017 and is uptrending. It has outperformed by 19.10% the S&P500.

Analysts await Blackbaud, Inc. (NASDAQ:BLKB) to report earnings on May, 7. They expect $0.42 EPS, up 13.51% or $0.05 from last year’s $0.37 per share. BLKB’s profit will be $19.74M for 59.60 P/E if the $0.42 EPS becomes a reality. After $0.48 actual EPS reported by Blackbaud, Inc. for the previous quarter, Wall Street now forecasts -12.50% negative EPS growth.

Conestoga Capital Advisors Llc increased Ligand Pharmaceuticals Inc (NASDAQ:LGND) stake by 47,256 shares to 433,125 valued at $58.97 million in 2017Q3. It also upped Pool Corporation (NASDAQ:POOL) stake by 15,138 shares and now owns 22,713 shares. Mgp Ingredients Inc New (NASDAQ:MGPI) was raised too.

Among 14 analysts covering Blackbaud Inc (NASDAQ:BLKB), 5 have Buy rating, 1 Sell and 8 Hold. Therefore 36% are positive. Blackbaud Inc had 28 analyst reports since October 13, 2015 according to SRatingsIntel. The firm has “Buy” rating by Wunderlich given on Thursday, February 18. Stifel Nicolaus maintained the stock with “Buy” rating in Thursday, June 30 report. The rating was initiated by Pacific Crest on Tuesday, March 22 with “Sector Weight”. Evercore initiated the stock with “Hold” rating in Monday, June 27 report. The firm has “Neutral” rating given on Tuesday, October 13 by B. Riley & Co. The company was maintained on Friday, September 29 by Robert W. Baird. The firm has “Buy” rating given on Friday, October 27 by Citigroup. As per Friday, September 22, the company rating was initiated by Citigroup. The firm has “Buy” rating given on Wednesday, October 18 by Stifel Nicolaus. As per Monday, October 23, the company rating was maintained by Robert W. Baird.

Since August 22, 2017, it had 0 insider purchases, and 4 selling transactions for $5.73 million activity. The insider BOOR ANTHONY W sold $1.46 million. On Tuesday, August 22 the insider Nash Sarah E sold $93,682. On Thursday, August 31 the insider Olson Jon W sold $444,956. Gianoni Michael P also sold $2.79 million worth of Blackbaud, Inc. (NASDAQ:BLKB) on Wednesday, February 14.

Investors sentiment decreased to 1.35 in Q3 2017. Its down 0.07, from 1.42 in 2017Q2. It is negative, as 21 investors sold BLKB shares while 59 reduced holdings. 29 funds opened positions while 79 raised stakes. 52.08 million shares or 0.90% less from 52.56 million shares in 2017Q2 were reported. Palisade Cap Mngmt Llc Nj holds 0.55% in Blackbaud, Inc. (NASDAQ:BLKB) or 175,168 shares. Ameriprise Fin Inc stated it has 338,542 shares or 0.01% of all its holdings. Select Equity Grp Limited Partnership holds 2.86 million shares. Eaton Vance Management reported 197,015 shares. Federated Investors Incorporated Pa reported 0.01% stake. Colony Grp Ltd Com invested in 0.17% or 28,520 shares. Bancorporation reported 0.01% stake. Sg Americas Limited Liability Company reported 0.01% in Blackbaud, Inc. (NASDAQ:BLKB). Wells Fargo And Mn, California-based fund reported 70,600 shares. Legal General Gru Plc holds 41,988 shares. Champlain Ptnrs Ltd Liability Corporation reported 2.46% of its portfolio in Blackbaud, Inc. (NASDAQ:BLKB). Northern Trust holds 933,333 shares or 0.02% of its portfolio. Raymond James Na invested 0.02% in Blackbaud, Inc. (NASDAQ:BLKB). Mason Street Advsrs Limited Liability Co holds 23,854 shares. Bancorporation Of Nova Scotia has 11,330 shares for 0.01% of their portfolio.

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