Vident Advisory LLC Purchases 404,823 Shares of BlackBerry Limited $BB

Key Points

• Vident Advisory LLC increased its stake in BlackBerry Limited by 52.1% during the first quarter, owning approximately 1,182,034 shares valued at $4.46 million.
• BlackBerry reported $0.02 EPS for the last quarter, surpassing the consensus estimate and generating revenue of $121.26 million, although this reflects a 15.5% decline year-over-year.
• Analysts have mixed ratings on BlackBerry, with price targets ranging from $4.00 to $5.00 and a current average rating of "Moderate Buy".

Vident Advisory LLC grew its position in shares of BlackBerry Limited (NYSE:BB - Free Report) by 52.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,182,034 shares of the company's stock after buying an additional 404,823 shares during the period. Vident Advisory LLC owned approximately 0.20% of BlackBerry worth $4,456,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. FORA Capital LLC bought a new stake in BlackBerry in the 1st quarter valued at about $418,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in shares of BlackBerry by 7.0% in the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,086,634 shares of the company's stock valued at $4,093,000 after buying an additional 71,057 shares during the period. Hsbc Holdings PLC boosted its stake in shares of BlackBerry by 16.7% in the first quarter. Hsbc Holdings PLC now owns 31,641 shares of the company's stock valued at $119,000 after buying an additional 4,525 shares during the period. Northwest & Ethical Investments L.P. boosted its stake in shares of BlackBerry by 67.7% in the first quarter. Northwest & Ethical Investments L.P. now owns 184,592 shares of the company's stock valued at $696,000 after buying an additional 74,530 shares during the period. Finally, Thompson Davis & CO. Inc. increased its stake in BlackBerry by 19.1% during the 1st quarter. Thompson Davis & CO. Inc. now owns 197,110 shares of the company's stock worth $743,000 after acquiring an additional 31,573 shares during the period. 54.48% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO John Joseph Giamatteo sold 26,998 shares of the stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $4.32, for a total value of $116,631.36. Following the completion of the transaction, the chief executive officer directly owned 530,135 shares in the company, valued at approximately $2,290,183.20. This represents a 4.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Philip S. Kurtz sold 16,217 shares of the company's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $5.25, for a total value of $85,139.25. Following the completion of the transaction, the insider directly owned 57,503 shares of the company's stock, valued at approximately $301,890.75. The trade was a 22.00% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 58,417 shares of company stock valued at $267,524 over the last quarter. 0.37% of the stock is owned by corporate insiders.

BlackBerry Price Performance

Shares of BB stock traded up $0.01 on Thursday, reaching $3.78. The company had a trading volume of 3,704,405 shares, compared to its average volume of 16,831,348. The business's 50-day moving average is $3.92 and its 200 day moving average is $3.98. BlackBerry Limited has a one year low of $2.22 and a one year high of $6.24. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $2.24 billion, a PE ratio of -62.92 and a beta of 1.49.

BlackBerry (NYSE:BB - Get Free Report) last released its quarterly earnings data on Tuesday, June 24th. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.01) by $0.03. The business had revenue of $121.26 million during the quarter, compared to analysts' expectations of $112.18 million. BlackBerry had a negative net margin of 6.44% and a positive return on equity of 2.29%. The firm's quarterly revenue was down 15.5% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.03) EPS. BlackBerry has set its Q2 2026 guidance at 0.000-0.010 EPS. FY 2026 guidance at 0.080-0.100 EPS. Equities research analysts forecast that BlackBerry Limited will post -0.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Royal Bank Of Canada upped their target price on BlackBerry from $3.75 to $4.00 and gave the company a "sector perform" rating in a research report on Friday, June 20th. Robert W. Baird boosted their price target on BlackBerry from $4.00 to $5.00 and gave the company a "neutral" rating in a research note on Wednesday, June 25th. Wall Street Zen downgraded shares of BlackBerry from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Canaccord Genuity Group boosted their target price on shares of BlackBerry from $4.25 to $4.60 and gave the company a "hold" rating in a research report on Tuesday, June 24th. Finally, CIBC reaffirmed an "outperform" rating on shares of BlackBerry in a report on Tuesday, June 24th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, BlackBerry has an average rating of "Moderate Buy" and an average target price of $4.60.

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.