Mirae Asset Global Investments Co. Ltd. trimmed its position in shares of BlackBerry Limited (NYSE:BB - Free Report) by 45.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 153,269 shares of the company's stock after selling 129,693 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in BlackBerry were worth $601,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the company. Parallel Advisors LLC boosted its stake in shares of BlackBerry by 216.2% in the 1st quarter. Parallel Advisors LLC now owns 7,156 shares of the company's stock valued at $27,000 after purchasing an additional 4,893 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of 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 in the last quarter. Mindset Wealth Management LLC bought a new position in shares of BlackBerry in the fourth quarter valued at $38,000. Quadrant Capital Group LLC lifted its stake in shares of BlackBerry by 100.3% in the fourth quarter. Quadrant Capital Group LLC now owns 10,000 shares of the company's stock valued at $38,000 after buying an additional 5,008 shares in the last quarter. Finally, HighTower Advisors LLC purchased a new stake in shares of BlackBerry in the fourth quarter valued at about $41,000. 54.48% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other news, insider Philip S. Kurtz sold 16,217 shares of the company'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 completion of the sale, the insider owned 57,503 shares of the company's stock, valued at $301,890.75. This represents a 22.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO John Joseph Giamatteo sold 26,998 shares of the stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $4.32, for a total transaction 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 approximately $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. In the last 90 days, insiders have sold 58,417 shares of company stock worth $267,524. Company insiders own 0.37% of the company's stock.
BlackBerry Price Performance
Shares of BB stock traded down $0.05 during trading hours on Monday, reaching $4.30. The stock had a trading volume of 4,049,172 shares, compared to its average volume of 14,465,679. The stock's fifty day simple moving average is $4.03 and its 200 day simple moving average is $4.13. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.27. BlackBerry Limited has a 12 month low of $2.01 and a 12 month high of $6.24. The firm has a market capitalization of $2.56 billion, a PE ratio of -72.08 and a beta of 1.47.
BlackBerry (NYSE:BB - Get Free Report) last announced its earnings results on Tuesday, June 24th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.03. The business had revenue of $121.26 million during the quarter, compared to analyst estimates of $112.18 million. BlackBerry had a negative net margin of 6.44% and a positive return on equity of 2.29%. BlackBerry's revenue for the quarter was down 15.5% on a year-over-year basis. During the same period in the previous year, the business posted ($0.03) earnings per share. On average, equities research analysts predict that BlackBerry Limited will post -0.03 EPS for the current year.
Analyst Ratings Changes
Several analysts have recently commented on BB shares. Wall Street Zen downgraded shares of BlackBerry from a "buy" rating to a "hold" rating in a report on Monday, June 30th. Robert W. Baird lifted their target price 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. Royal Bank Of Canada lifted their target price on shares of BlackBerry from $3.75 to $4.00 and gave the stock a "sector perform" rating in a research note on Friday, June 20th. Finally, Canaccord Genuity Group lifted their target price 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. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $4.60.
Check Out Our Latest Analysis on BB
BlackBerry Company Profile
(
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.
Recommended Stories

Before you consider BlackBerry, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BlackBerry wasn't on the list.
While BlackBerry currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the 10 Best High-Yield Dividend Stocks for 2025 and secure reliable income in uncertain markets. Download the report now to identify top dividend payers and avoid common yield traps.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.