Mirae Asset Global Investments Co. Ltd. Grows Stock Holdings in BlackBerry Limited $BB

Key Points

• Mirae Asset Global Investments significantly increased its position in BlackBerry by 103.9% in the second quarter, now holding approximately 0.05% of the company's total stock valued at about $1.43 million.
• Several institutional investors, including TD Asset Management and Connor Clark & Lunn Investment Management, also boosted their stakes in BlackBerry during the year, with hedge funds collectively owning 54.48% of the company.
• BlackBerry's quarterly revenue of $130.96 million surpassed estimates, yet showed a 10.6% decline year-over-year, while the company's EPS guidance for Q3 2026 is projected between 0.020 and 0.040.

Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of BlackBerry Limited (NYSE:BB - Free Report) by 103.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 312,472 shares of the company's stock after purchasing an additional 159,203 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 0.05% of BlackBerry worth $1,431,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. Voya Investment Management LLC purchased a new stake in shares of BlackBerry during the first quarter worth about $95,166,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in BlackBerry by 69.1% during 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 buying an additional 9,442,676 shares during the last quarter. TD Asset Management Inc lifted its holdings 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 valued at $16,380,000 after purchasing an additional 2,700,319 shares during the last quarter. Vident Advisory LLC lifted its position in BlackBerry by 52.1% during the 1st quarter. Vident Advisory LLC now owns 1,182,034 shares of the company's stock worth $4,456,000 after acquiring an additional 404,823 shares during the period. Finally, Baader Bank Aktiengesellschaft acquired a new stake in shares of BlackBerry in the 1st quarter valued at approximately $1,067,000. Hedge funds and other institutional investors own 54.48% of the company's stock.

Insider Transactions at BlackBerry

In related news, insider Mattias Eriksson sold 5,914 shares of the business's stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $4.62, for a total value of $27,322.68. Following the sale, the insider directly owned 291,340 shares in the company, valued at approximately $1,345,990.80. The trade was a 1.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO John Joseph Giamatteo sold 28,343 shares of the stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $4.62, for a total value of $130,944.66. Following the completion of the transaction, the chief executive officer directly owned 568,164 shares in the company, valued at approximately $2,624,917.68. This represents a 4.75% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 88,565 shares of company stock worth $423,706 in the last ninety days. Company insiders own 0.37% of the company's stock.

BlackBerry Stock Performance

BB opened at $4.85 on Friday. The stock has a market cap of $2.86 billion, a price-to-earnings ratio of -484.50 and a beta of 1.51. The business has a 50 day moving average of $4.04 and a 200-day moving average of $3.91. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.27. BlackBerry Limited has a 12-month low of $2.24 and a 12-month high of $6.24.

BlackBerry (NYSE:BB - Get Free Report) last released its quarterly earnings data on Thursday, September 25th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.01 by $0.03. The business had revenue of $130.96 million during the quarter, compared to analysts' expectations of $122.03 million. BlackBerry had a negative net margin of 0.60% and a positive return on equity of 6.07%. BlackBerry's quarterly revenue was down 10.6% on a year-over-year basis. BlackBerry has set its Q3 2026 guidance at 0.020-0.040 EPS. FY 2026 guidance at 0.110-0.15 EPS. On average, equities research analysts expect that BlackBerry Limited will post -0.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on BB shares. TD Securities downgraded shares of BlackBerry from a "buy" rating to a "hold" rating and upped their price objective for the company from $4.00 to $5.00 in a research note on Friday, October 3rd. Weiss Ratings reiterated a "sell (d-)" rating on shares of BlackBerry in a research report on Wednesday. Canaccord Genuity Group reaffirmed a "hold" rating and issued a $4.60 price objective on shares of BlackBerry in a report on Friday, September 26th. CIBC restated an "outperform" rating on shares of BlackBerry in a research note on Tuesday, June 24th. Finally, Wall Street Zen upgraded BlackBerry from a "hold" rating to a "buy" rating in a research report on Friday, September 26th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, BlackBerry has a consensus rating of "Hold" and a consensus target price of $5.10.

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.

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