ArrowMark Colorado Holdings LLC Buys 131,833 Shares of BlackBerry Limited (NYSE:BB)

ArrowMark Colorado Holdings LLC lifted its holdings in shares of BlackBerry Limited (NYSE:BB - Free Report) by 7.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,911,833 shares of the company's stock after purchasing an additional 131,833 shares during the quarter. ArrowMark Colorado Holdings LLC owned approximately 0.32% of BlackBerry worth $7,227,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in BB. Tower Research Capital LLC TRC increased its position in BlackBerry by 63.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 9,773 shares of the company's stock worth $37,000 after buying an additional 3,811 shares during the period. Masso Torrence Wealth Management Inc. bought a new position in BlackBerry in the 4th quarter worth approximately $38,000. Mindset Wealth Management LLC acquired a new stake in BlackBerry in the fourth quarter worth about $38,000. Quadrant Capital Group LLC boosted its stake in BlackBerry by 100.3% in the fourth quarter. Quadrant Capital Group LLC now owns 10,000 shares of the company's stock valued at $38,000 after acquiring an additional 5,008 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in shares of BlackBerry in the 4th quarter valued at $40,000. Institutional investors and hedge funds own 54.48% of the company's stock.

Insider Buying and Selling at BlackBerry

In other news, SVP Jennifer Armstrong-Owen sold 29,940 shares of the business's stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $2.99, for a total value of $89,520.60. Following the completion of the sale, the senior vice president now owns 42,398 shares of the company's stock, valued at approximately $126,770.02. The trade was a 41.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold a total of 37,216 shares of company stock valued at $112,025 in the last three months. 0.34% of the stock is currently owned by company insiders.

BlackBerry Stock Performance

NYSE:BB traded up $0.03 during mid-day trading on Tuesday, hitting $3.62. The stock had a trading volume of 11,858,819 shares, compared to its average volume of 14,054,810. The company's 50 day simple moving average is $3.74 and its 200 day simple moving average is $3.64. The stock has a market cap of $2.16 billion, a price-to-earnings ratio of -16.43 and a beta of 1.42. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.37 and a current ratio of 1.37. BlackBerry Limited has a twelve month low of $2.01 and a twelve month high of $6.24.

BlackBerry (NYSE:BB - Get Free Report) last issued its earnings results on Wednesday, April 2nd. The company reported $0.03 EPS for the quarter, topping the consensus estimate of $0.02 by $0.01. BlackBerry had a negative return on equity of 2.02% and a negative net margin of 21.16%. The company had revenue of $141.70 million during the quarter, compared to the consensus estimate of $137.56 million. During the same period in the previous year, the company posted $0.03 EPS. The firm's revenue for the quarter was down 7.3% compared to the same quarter last year. On average, equities research analysts forecast that BlackBerry Limited will post -0.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on BB shares. Royal Bank of Canada set a $3.75 price objective on shares of BlackBerry in a report on Thursday, April 3rd. CIBC lowered their price objective on shares of BlackBerry from $7.00 to $6.00 and set an "outperformer" rating for the company in a research report on Thursday, April 3rd. StockNews.com raised shares of BlackBerry from a "sell" rating to a "hold" rating in a research note on Friday, April 11th. Finally, Canaccord Genuity Group dropped their price target on BlackBerry from $4.75 to $4.25 and set a "hold" rating on the stock in a research note on Thursday, April 3rd. Six analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $4.12.

About BlackBerry

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.