MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 952,967 Shares of BlackBerry Limited $BB

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. reduced its stake in BlackBerry Limited by 47.7% in Q1, selling nearly 953,000 shares.
• CEO John Joseph Giamatteo and insider Philip S. Kurtz sold substantial shares recently, indicating a decrease in insider ownership for both individuals.
• Wall Street analysts have mixed ratings on BlackBerry, with three analysts giving it a buy rating and three a hold rating, reflecting fluctuating market confidence.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. decreased its holdings in BlackBerry Limited (NYSE:BB - Free Report) by 47.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,045,881 shares of the company's stock after selling 952,967 shares during the period. 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 and hedge funds have also recently bought and sold shares of the business. BNP Paribas Financial Markets raised its stake in BlackBerry by 21.5% in the 4th quarter. BNP Paribas Financial Markets now owns 198,747 shares of the company's stock valued at $751,000 after acquiring an additional 35,216 shares during the period. Bank of America Corp DE raised its holdings in BlackBerry by 50.4% in the 4th quarter. Bank of America Corp DE now owns 4,569,019 shares of the company's stock valued at $17,271,000 after acquiring an additional 1,530,263 shares during the period. Gotham Asset Management LLC bought a new position in shares of BlackBerry during the fourth quarter worth approximately $122,000. Quantinno Capital Management LP increased its stake in shares of BlackBerry by 99.6% during the fourth quarter. Quantinno Capital Management LP now owns 28,591 shares of the company's stock worth $108,000 after purchasing an additional 14,270 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. increased its stake in shares of BlackBerry by 26.0% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 94,246 shares of the company's stock worth $356,000 after purchasing an additional 19,438 shares during the period. Institutional investors own 54.48% of the company's stock.

Insider Buying and Selling

In other BlackBerry news, insider Philip S. Kurtz sold 16,217 shares of BlackBerry stock in a transaction that occurred 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 transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John Joseph Giamatteo sold 26,998 shares of BlackBerry 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 sale, the chief executive officer owned 530,135 shares in the company, valued at $2,290,183.20. This trade represents a 4.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 58,417 shares of company stock worth $267,524 in the last 90 days. Corporate insiders own 0.37% of the company's stock.

Analysts Set New Price Targets

BB has been the topic of several recent research reports. Wall Street Zen cut BlackBerry from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Canaccord Genuity Group raised their target price on shares of BlackBerry from $4.25 to $4.60 and gave the stock a "hold" rating in a report on Tuesday, June 24th. Robert W. Baird raised their price objective on BlackBerry from $4.00 to $5.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 25th. Royal Bank Of Canada raised their price target on BlackBerry from $3.75 to $4.00 and gave the stock a "sector perform" rating in a research report on Friday, June 20th. Finally, CIBC reissued an "outperform" rating on shares of BlackBerry in a report on Tuesday, June 24th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $4.60.

BlackBerry Stock Up 0.4%

Shares of BB stock traded up $0.02 on Wednesday, reaching $4.02. 6,375,070 shares of the company were exchanged, compared to its average volume of 16,287,009. The company has a 50-day moving average of $3.83 and a 200-day moving average of $3.88. The company has a market cap of $2.37 billion, a price-to-earnings ratio of -66.92 and a beta of 1.49. 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 one year low of $2.24 and a one year high of $6.24.

BlackBerry (NYSE:BB - Get Free Report) last issued its earnings results 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. BlackBerry had a positive return on equity of 2.29% and a negative net margin of 6.44%.The company had revenue of $121.26 million for the quarter, compared to analysts' expectations of $112.18 million. During the same period last year, the business earned ($0.03) EPS. BlackBerry's quarterly revenue was down 15.5% compared to the same quarter last year. BlackBerry has set its Q2 2026 guidance at 0.000-0.010 EPS. FY 2026 guidance at 0.080-0.100 EPS. Analysts anticipate that BlackBerry Limited will post -0.03 earnings per share for the current 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.