Mattias Eriksson Sells 5,634 Shares of BlackBerry Limited (NYSE:BB) Stock

BlackBerry Limited (NYSE:BB - Get Free Report) insider Mattias Eriksson sold 5,634 shares of BlackBerry stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $4.32, for a total value of $24,338.88. Following the completion of the transaction, the insider owned 284,963 shares of the company's stock, valued at approximately $1,231,040.16. The trade was a 1.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

BlackBerry Stock Up 1.7%

BB stock traded up $0.07 during mid-day trading on Friday, hitting $4.30. The stock had a trading volume of 12,837,670 shares, compared to its average volume of 14,505,934. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $2.56 billion, a price-to-earnings ratio of -71.67 and a beta of 1.47. The company has a fifty day moving average of $4.03 and a 200 day moving average of $4.12. BlackBerry Limited has a 1-year low of $2.01 and a 1-year high of $6.24.

BlackBerry (NYSE:BB - Get Free Report) last posted its earnings results on Tuesday, June 24th. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.03. The company had revenue of $121.26 million for the quarter, compared to analyst estimates of $112.18 million. BlackBerry had a positive return on equity of 2.29% and a negative net margin of 6.44%. The business's revenue was down 15.5% compared to the same quarter last year. During the same period last year, the company earned ($0.03) earnings per share. On average, equities analysts expect that BlackBerry Limited will post -0.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BB has been the topic of several analyst reports. Wall Street Zen cut BlackBerry from a "buy" rating to a "hold" rating in a research report on Monday, June 30th. CIBC reaffirmed an "outperform" rating on shares of BlackBerry in a report on Tuesday, June 24th. Canaccord Genuity Group upped their price target on BlackBerry from $4.25 to $4.60 and gave the company a "hold" rating in a report on Tuesday, June 24th. Robert W. Baird boosted their price objective on BlackBerry from $4.00 to $5.00 and gave the stock a "neutral" rating in a report on Wednesday, June 25th. Finally, Royal Bank Of Canada boosted their target price on shares of BlackBerry from $3.75 to $4.00 and gave the company a "sector perform" rating in a research note on Friday, June 20th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $4.60.

Hedge Funds Weigh In On BlackBerry

Several large investors have recently made changes to their positions in the business. Cambridge Investment Research Advisors Inc. grew its position in BlackBerry by 10.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 38,357 shares of the company's stock worth $145,000 after buying an additional 3,755 shares in the last quarter. Tower Research Capital LLC TRC grew its position in BlackBerry by 63.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 9,773 shares of the company's stock worth $37,000 after acquiring an additional 3,811 shares during the last quarter. Invesco Ltd. increased its holdings in BlackBerry by 3.8% during the 4th quarter. Invesco Ltd. now owns 115,116 shares of the company's stock valued at $435,000 after purchasing an additional 4,226 shares in the last quarter. Advisory Services Network LLC lifted its position in BlackBerry by 6.6% during the 4th quarter. Advisory Services Network LLC now owns 70,829 shares of the company's stock worth $268,000 after buying an additional 4,375 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its position in shares of BlackBerry by 16.7% during the first quarter. Hsbc Holdings PLC now owns 31,641 shares of the company's stock worth $119,000 after purchasing an additional 4,525 shares in the last quarter. Institutional investors and hedge funds own 54.48% of the company's stock.

BlackBerry Company Profile

BlackBerry Limited provides intelligent security software and services to enterprises and governments worldwide. The company operates through three segments: Cybersecurity, IoT, and Licensing and Other. The company offers CylanceENDPOINT, an integrated endpoint security solution; CylanceGUARD, a managed detection and response solution; CylanceEDGE, an AI-powered continuous authentication zero trust network access solution; CylanceINTELLIGENCE, a contextual cyber threat intelligence service; BlackBerry Dynamics offers a development platform and secure container for mobile applications; BlackBerry Workspaces a secure Enterprise File Sync and Share (EFSS) solution; BlackBerry Messenger (BBM) Enterprise, an enterprise-grade secure instant messaging solution for messaging, voice and video; BlackBerry SecuSUITE is a certified, multi-OS voice and text messaging solution; BlackBerry AtHoc, a secure networked critical event management solution; and BlackBerry unified endpoint management (UEM) solutions.