MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. cut its stake in BlackBerry Limited (NYSE:BB - Free Report) by 47.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,045,881 shares of the company's stock after selling 952,967 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.18% of BlackBerry worth $3,943,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in the stock. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of BlackBerry by 69.1% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 23,112,391 shares of the company's stock worth $87,064,000 after acquiring an additional 9,442,676 shares in the last quarter. Two Sigma Investments LP increased its stake in shares of BlackBerry by 293.7% in the 4th quarter. Two Sigma Investments LP now owns 4,552,129 shares of the company's stock worth $17,207,000 after acquiring an additional 3,395,786 shares in the last quarter. TD Asset Management Inc increased its stake in shares of BlackBerry by 163.7% in the 1st quarter. TD Asset Management Inc now owns 4,349,647 shares of the company's stock worth $16,380,000 after acquiring an additional 2,700,319 shares in the last quarter. Bank of America Corp DE increased its stake in shares of BlackBerry by 50.4% in the 4th quarter. Bank of America Corp DE now owns 4,569,019 shares of the company's stock worth $17,271,000 after acquiring an additional 1,530,263 shares in the last quarter. Finally, Vident Advisory LLC bought a new position in shares of BlackBerry in the 4th quarter worth about $2,938,000. 54.48% of the stock is currently owned by institutional investors.
Insider Transactions at BlackBerry
In other news, insider Philip S. Kurtz sold 16,217 shares of the firm's stock in a transaction dated 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 owned 57,503 shares of the company's stock, valued at $301,890.75. This trade represents a 22.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO John Joseph Giamatteo sold 26,998 shares of the firm's 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 sale, the chief executive officer directly owned 530,135 shares in the company, valued at approximately $2,290,183.20. The trade was a 4.85% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 58,417 shares of company stock worth $267,524. Insiders own 0.37% of the company's stock.
BlackBerry Stock Performance
Shares of NYSE BB traded up $0.18 during trading on Thursday, reaching $4.19. 13,588,756 shares of the company traded hands, compared to its average volume of 5,780,137. The firm has a 50 day simple moving average of $3.83 and a 200-day simple moving average of $3.88. 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 $2.47 billion, a PE ratio of -69.83 and a beta of 1.49. BlackBerry Limited has a 52-week low of $2.24 and a 52-week high of $6.24.
BlackBerry (NYSE:BB - Get Free Report) last announced its quarterly earnings results on Tuesday, June 24th. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.01) by $0.03. The firm had revenue of $121.26 million for the quarter, compared to the consensus estimate 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 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. Equities research analysts anticipate that BlackBerry Limited will post -0.03 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on the stock. Robert W. Baird increased their price target on shares of BlackBerry from $4.00 to $5.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 25th. CIBC reiterated an "outperform" rating on shares of BlackBerry in a research note on Tuesday, June 24th. Canaccord Genuity Group increased their price target on shares of BlackBerry from $4.25 to $4.60 and gave the stock a "hold" rating in a research note on Tuesday, June 24th. Wall Street Zen lowered shares of BlackBerry from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, Royal Bank Of Canada increased their price objective on shares of BlackBerry from $3.75 to $4.00 and gave the company a "sector perform" rating in a research report on Friday, June 20th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $4.60.
Read Our Latest Stock Report on BB
About BlackBerry
(
Free Report)
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.
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