FORA Capital LLC Takes Position in BlackBerry Limited $BB

Key Points

• FORA Capital LLC has purchased a new stake in BlackBerry Limited, acquiring approximately $418,000 worth of 110,805 shares in the first quarter.
• Several institutional investors, including Connor Clark & Lunn Investment Management and Vanguard Group, have significantly increased their holdings in BlackBerry, with Connor Clark & Lunn boosting its position by 69.1%.
• BlackBerry's recent quarterly earnings outperformed expectations, posting $0.02 earnings per share and revenue of $121.26 million, despite a 15.5% decline compared to the previous year.

FORA Capital LLC purchased a new position in shares of BlackBerry Limited (NYSE:BB - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 110,805 shares of the company's stock, valued at approximately $418,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in BlackBerry by 7.0% during the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,086,634 shares of the company's stock worth $4,093,000 after buying an additional 71,057 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in BlackBerry by 16.7% during the first quarter. Hsbc Holdings PLC now owns 31,641 shares of the company's stock worth $119,000 after buying an additional 4,525 shares in the last quarter. Northwest & Ethical Investments L.P. boosted its holdings in BlackBerry by 67.7% during the first quarter. Northwest & Ethical Investments L.P. now owns 184,592 shares of the company's stock worth $696,000 after buying an additional 74,530 shares in the last quarter. Thompson Davis & CO. Inc. boosted its holdings in BlackBerry by 19.1% during the first quarter. Thompson Davis & CO. Inc. now owns 197,110 shares of the company's stock worth $743,000 after buying an additional 31,573 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in BlackBerry during the first quarter worth $505,000. 54.48% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other BlackBerry news, CEO John Joseph Giamatteo sold 26,998 shares of the firm's 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 sale, the chief executive officer directly owned 530,135 shares of the company's stock, valued at $2,290,183.20. This trade represents a 4.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Philip S. Kurtz sold 16,217 shares of the firm's 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 $301,890.75. This trade represents a 22.00% 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 worth $267,524 in the last 90 days. 0.37% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

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

BlackBerry Price Performance

BB stock traded down $0.09 during midday trading on Tuesday, reaching $3.75. The stock had a trading volume of 4,758,555 shares, compared to its average volume of 16,976,570. The company's fifty day simple moving average is $3.96 and its 200 day simple moving average is $3.99. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.27. The company has a market cap of $2.22 billion, a price-to-earnings ratio of -62.08 and a beta of 1.49. BlackBerry Limited has a 52-week low of $2.22 and a 52-week high of $6.24.

BlackBerry (NYSE:BB - Get Free Report) last announced its quarterly earnings data on Tuesday, June 24th. The company reported $0.02 earnings per share for the quarter, beating 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%.The firm's revenue for the quarter was down 15.5% on a year-over-year basis. During the same quarter last year, the firm posted ($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. As a group, sell-side analysts predict that BlackBerry Limited will post -0.03 earnings per share for the current fiscal year.

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.