Charles Schwab Investment Management Inc. Decreases Holdings in BlackBerry Limited $BB

Key Points

• Charles Schwab Investment Management Inc. reduced its holdings in BlackBerry Limited by 8.0%, now owning about 1,074,366 shares worth approximately $4,046,000.
• BlackBerry's stock is currently trading at $3.83 with a market cap of $2.27 billion, while the company reported a 15.5% decline in revenue compared to last year.
• Recent analyst reports have provided mixed signals, with price targets ranging from $3.75 to $5.00 and most analysts rating the stock as a Moderate Buy.

Charles Schwab Investment Management Inc. cut its stake in BlackBerry Limited (NYSE:BB - Free Report) by 8.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,074,366 shares of the company's stock after selling 93,912 shares during the period. Charles Schwab Investment Management Inc. owned 0.18% of BlackBerry worth $4,046,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Parallel Advisors LLC boosted its holdings in BlackBerry by 216.2% in the first quarter. Parallel Advisors LLC now owns 7,156 shares of the company's stock valued at $27,000 after acquiring an additional 4,893 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in BlackBerry by 63.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 9,773 shares of the company's stock valued at $37,000 after buying an additional 3,811 shares during the period. OneDigital Investment Advisors LLC acquired a new position in BlackBerry in the first quarter valued at approximately $40,000. Benjamin Edwards Inc. acquired a new position in BlackBerry in the fourth quarter valued at approximately $42,000. Finally, Tobam acquired a new position in BlackBerry in the first quarter valued at approximately $86,000. 54.48% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on BB shares. Canaccord Genuity Group boosted their price target on BlackBerry from $4.25 to $4.60 and gave the company a "hold" rating in a research note on Tuesday, June 24th. 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 lowered BlackBerry from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. CIBC reissued an "outperform" rating on shares of BlackBerry in a research note on Tuesday, June 24th. Finally, Royal Bank Of Canada boosted their price target on BlackBerry from $3.75 to $4.00 and gave the company a "sector perform" rating in a research note on Friday, June 20th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $4.60.

Insiders Place Their Bets

In related news, insider Philip S. Kurtz sold 16,217 shares of the stock in a transaction on 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 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO John Joseph Giamatteo sold 26,998 shares of the stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $4.32, for a total value of $116,631.36. Following the completion of the sale, the chief executive officer directly owned 530,135 shares of the company's stock, 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. Insiders sold a total of 58,417 shares of company stock valued at $267,524 over the last three months. 0.37% of the stock is currently owned by insiders.

BlackBerry Stock Down 0.4%

Shares of NYSE:BB traded down $0.02 during trading on Wednesday, reaching $3.77. 3,844,893 shares of the stock were exchanged, compared to its average volume of 6,444,006. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.10 and a quick ratio of 2.10. BlackBerry Limited has a 1-year low of $2.22 and a 1-year high of $6.24. The stock has a fifty day moving average of $3.92 and a two-hundred day moving average of $3.98. The firm has a market cap of $2.23 billion, a price-to-earnings ratio of -62.75 and a beta of 1.49.

BlackBerry (NYSE:BB - Get Free Report) last issued its earnings results on Tuesday, June 24th. The company reported $0.02 earnings per share for the quarter, topping analysts' consensus estimates 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%.BlackBerry's revenue for the quarter was down 15.5% on a year-over-year basis. During the same period in the prior year, the firm 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. Research analysts anticipate that BlackBerry Limited will post -0.03 earnings per share for the current fiscal year.

BlackBerry 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.