1,787,437 Shares in BlackBerry Limited $BB Bought by Loftus Peak Pty Ltd

Key Points

• Loftus Peak Pty Ltd bought 1.79 million BlackBerry shares worth approximately $16.2 million, giving it a 0.30% stake and making BlackBerry about 1.9% of its portfolio. Institutional investors collectively own 54.48% of the company.
• BlackBerry reported quarterly EPS of $0.07, beating the $0.04 consensus estimate, while revenue reached $166.6 million—up 26% year over year and above expectations.
• Analysts maintain a generally cautious outlook, with an average rating of Hold and an average price target of $9.86; meanwhile, company insiders have sold 134,433 shares worth about $1.2 million over the past 90 days.

Loftus Peak Pty Ltd bought a new stake in BlackBerry Limited (NYSE:BB - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,787,437 shares of the company's stock, valued at approximately $16,158,000. BlackBerry makes up approximately 1.9% of Loftus Peak Pty Ltd's portfolio, making the stock its 21st largest position. Loftus Peak Pty Ltd owned about 0.30% of BlackBerry at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of BB. The Manufacturers Life Insurance Company boosted its position in BlackBerry by 8.3% in the second quarter. The Manufacturers Life Insurance Company now owns 529,295 shares of the company's stock worth $6,673,000 after purchasing an additional 40,350 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in BlackBerry in the 2nd quarter valued at $31,000. Nykredit A S bought a new stake in shares of BlackBerry during the 2nd quarter worth $111,000. Amundi purchased a new position in shares of BlackBerry in the 2nd quarter worth about $1,086,000. Finally, TD Waterhouse Canada Inc. boosted its holdings in shares of BlackBerry by 127.3% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 105,040 shares of the company's stock worth $1,348,000 after buying an additional 58,818 shares during the last quarter. 54.48% of the stock is owned by institutional investors.

BlackBerry Price Performance

Shares of NYSE BB opened at $8.21 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.38 and a current ratio of 2.38. BlackBerry Limited has a fifty-two week low of $3.12 and a fifty-two week high of $13.59. The stock has a market cap of $4.82 billion, a PE ratio of 68.45 and a beta of 2.20. The stock has a fifty day moving average of $8.37 and a 200-day moving average of $7.91.

BlackBerry (NYSE:BB - Get Free Report) last issued its quarterly earnings data on Thursday, September 24th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.04 by $0.03. The business had revenue of $166.56 million for the quarter, compared to analysts' expectations of $144.22 million. BlackBerry had a return on equity of 13.71% and a net margin of 13.09%. The firm's quarterly revenue was up 26.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.04 EPS. BlackBerry has set its FY 2027 guidance at 0.190-0.220 EPS and its Q3 2027 guidance at 0.040-0.050 EPS. Equities research analysts anticipate that BlackBerry Limited will post 0.17 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on BB shares. Royal Bank Of Canada restated a "sector perform" rating and set a $9.00 price target on shares of BlackBerry in a research report on Monday, September 21st. Wall Street Zen raised shares of BlackBerry from a "hold" rating to a "buy" rating in a research report on Saturday, August 29th. Canadian Imperial Bank of Commerce lifted their price objective on shares of BlackBerry from $10.00 to $13.00 and gave the stock an "outperformer" rating in a research report on Friday, June 26th. TD boosted their target price on shares of BlackBerry from $5.00 to $8.00 and gave the company a "hold" rating in a research note on Friday, June 26th. Finally, Weiss Ratings raised shares of BlackBerry from a "sell (d+)" rating to a "hold (c)" rating in a research report on Friday, September 25th. Two analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $9.86.

Insider Buying and Selling at BlackBerry

In other news, SVP Jennifer Armstrong-Owen sold 3,379 shares of the company's stock in a transaction dated Friday, October 9th. The stock was sold at an average price of $8.36, for a total transaction of $28,248.44. Following the sale, the senior vice president directly owned 113,904 shares in the company, valued at $952,237.44. This represents a 2.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO John Giamatteo sold 29,272 shares of the company's stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $9.20, for a total value of $269,302.40. Following the sale, the chief executive officer owned 758,416 shares in the company, valued at approximately $6,977,427.20. This represents a 3.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 134,433 shares of company stock worth $1,196,595. 0.51% of the stock is owned by corporate insiders.

About BlackBerry

BlackBerry Limited is a Canadian technology company that provides cybersecurity and Internet of Things (IoT) software. Its cybersecurity offerings support endpoint protection, threat detection and response, secure communications, identity management, and unified endpoint management for businesses and government organizations.

Through its QNX business, BlackBerry supplies secure, safety-certified real-time operating systems and embedded software for automotive systems and other connected devices.

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