Oppenheimer & Co. Inc. Has $903,000 Holdings in BlackBerry Limited (NYSE:BB)

Oppenheimer & Co. Inc. raised its position in shares of BlackBerry Limited (NYSE:BB - Free Report) by 1,457.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 239,543 shares of the company's stock after acquiring an additional 224,158 shares during the period. Oppenheimer & Co. Inc.'s holdings in BlackBerry were worth $903,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hood River Capital Management LLC bought a new position in BlackBerry during the fourth quarter worth about $53,267,000. Legal & General Group Plc boosted its holdings in BlackBerry by 19.9% in the 4th quarter. Legal & General Group Plc now owns 33,185,748 shares of the company's stock valued at $125,987,000 after purchasing an additional 5,518,216 shares during the period. Renaissance Technologies LLC acquired a new position in shares of BlackBerry during the 4th quarter worth approximately $19,485,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of BlackBerry by 41.9% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,669,715 shares of the company's stock worth $51,856,000 after purchasing an additional 4,039,483 shares during the period. Finally, NewGen Asset Management Ltd bought a new position in shares of BlackBerry during the fourth quarter worth approximately $14,282,000. Institutional investors and hedge funds own 54.48% of the company's stock.

BlackBerry Stock Down 3.9%

NYSE BB opened at $4.54 on Monday. The business has a fifty day moving average price of $3.92 and a two-hundred day moving average price of $4.08. The stock has a market capitalization of $2.70 billion, a PE ratio of -75.58 and a beta of 1.45. BlackBerry Limited has a fifty-two week low of $2.01 and a fifty-two week high of $6.24. 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 (NYSE:BB - Get Free Report) last posted its quarterly earnings results on Tuesday, June 24th. The company reported $0.02 EPS for the quarter, topping analysts' consensus estimates of ($0.01) by $0.03. The company had revenue of $121.26 million during the quarter, compared to analysts' expectations of $112.18 million. BlackBerry had a positive return on equity of 2.29% and a negative net margin of 6.44%. BlackBerry's revenue was down 15.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.03) EPS. Equities analysts expect that BlackBerry Limited will post -0.03 earnings per share for the current fiscal year.

Insider Transactions at BlackBerry

In other BlackBerry news, insider Philip S. Kurtz sold 16,217 shares of the company's stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $5.25, for a total value of $85,139.25. Following the completion of the transaction, the insider now directly owns 57,503 shares in the company, valued at approximately $301,890.75. This represents a 22.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Jennifer Armstrong-Owen sold 29,940 shares of the firm's stock in a transaction on Friday, April 4th. The shares were sold at an average price of $2.99, for a total transaction of $89,520.60. Following the transaction, the senior vice president now directly owns 42,398 shares of the company's stock, valued at $126,770.02. The trade was a 41.39% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 53,433 shares of company stock worth $197,164. Corporate insiders own 0.37% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. CIBC reiterated an "outperform" rating on shares of BlackBerry in a research note on Tuesday, June 24th. Wall Street Zen cut BlackBerry from a "buy" rating to a "hold" rating in a report on Monday. Royal Bank Of Canada upped their target price on BlackBerry from $3.75 to $4.00 and gave the company a "sector perform" rating in a research report on Friday, June 20th. Robert W. Baird raised their price target on BlackBerry from $4.00 to $5.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 25th. Finally, Canaccord Genuity Group boosted their price target on BlackBerry from $4.25 to $4.60 and gave the company a "hold" rating in a research note on Tuesday, June 24th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, BlackBerry presently has a consensus rating of "Hold" and a consensus price target of $4.60.

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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