Blackbaud

BLKB

Blackbaud (NASDAQ:BLKB) is a cloud computing provider that serves the social good community — nonprofits, foundations, corporations, education institutions, healthcare organizations, religious organizations, and individual change agents. Its products focus on fundraising, website management, CRM, analytics, financial management, ticketing, and education administration.Blackbaud's flagship product is a fundraising SQL database software, Raiser's Edge. Revenue from the sale of Raiser's Edge and related services accounted for thirty percent of Blackbaud's total revenue in 2012. Other products and services include Blackbaud Enterprise CRM, Altru, Financial Edge, Education Edge, Blackbaud NetCommunity, eTapestry, Luminate Online, Luminate CRM, Friends Asking Friends. In addition, Blackbaud offers consultancy services to nonprofit organizations.Blackbaud was founded in 1981 by Anthony Bakker. The company is headquartered in Daniel Island, Charleston, South Carolina. It has regional offices in Austin, Oakland, San Francisco, San Diego, Washington, D.C., Indianapolis, New York City, St. Paul, Minnesota, Bedford, New Hampshire, and Boston. Its Microedge division has offices in New York, New York and Edina, Minnesota. Its K12 group has an office in Bedford, New Hampshire.

Blackbaud has been a target of short sellers for a while. The current short interest of 7.53% is roughly at the average of the last 12 months (6.27%).