Boston Partners Sells 281,122 Shares of BlackBerry Limited $BB

Key Points

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Boston Partners reduced its holdings in shares of BlackBerry Limited (NYSE:BB - Free Report) by 76.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 85,106 shares of the company's stock after selling 281,122 shares during the period. Boston Partners' holdings in BlackBerry were worth $321,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Parallel Advisors LLC lifted its holdings in BlackBerry by 216.2% during the 1st quarter. Parallel Advisors LLC now owns 7,156 shares of the company's stock valued at $27,000 after purchasing an additional 4,893 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in shares of BlackBerry by 63.9% in the fourth 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. Chicago Partners Investment Group LLC bought a new position in shares of BlackBerry in the first quarter worth about $37,000. OneDigital Investment Advisors LLC acquired a new stake in shares of BlackBerry during the 1st quarter worth approximately $40,000. Finally, Benjamin Edwards Inc. acquired a new stake in shares of BlackBerry during the 4th quarter worth approximately $42,000. 54.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Royal Bank Of Canada lifted their price target on shares of BlackBerry from $3.75 to $4.00 and gave the stock a "sector perform" rating in a research report on Friday, June 20th. Wall Street Zen cut shares of BlackBerry from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Canaccord Genuity Group lifted their price target on shares of BlackBerry from $4.25 to $4.60 and gave the stock a "hold" rating in a research report on Tuesday, June 24th. CIBC restated an "outperform" rating on shares of BlackBerry in a report on Tuesday, June 24th. Finally, Robert W. Baird boosted their price objective on shares of BlackBerry from $4.00 to $5.00 and gave the company a "neutral" rating in a report on Wednesday, June 25th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, BlackBerry currently has an average rating of "Moderate Buy" and a consensus price target of $4.60.

BlackBerry Trading Up 2.9%

NYSE BB traded up $0.1050 during trading on Friday, reaching $3.7550. 4,780,248 shares of the stock traded hands, compared to its average volume of 7,209,619. The firm has a market cap of $2.23 billion, a price-to-earnings ratio of -62.58 and a beta of 1.49. The stock's 50-day moving average price is $4.02 and its 200 day moving average price is $4.08. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.27. BlackBerry Limited has a fifty-two week low of $2.22 and a fifty-two week high of $6.24.

BlackBerry (NYSE:BB - Get Free Report) last released its quarterly 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 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 business's quarterly revenue was down 15.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.03) earnings per share. BlackBerry has set its Q2 2026 guidance at 0.000-0.010 EPS. FY 2026 guidance at 0.080-0.100 EPS. Analysts predict that BlackBerry Limited will post -0.03 EPS for the current year.

Insiders Place Their Bets

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

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.