Quantbot Technologies LP Acquires New Position in BlackBerry Limited $BB

Key Points

• Quantbot Technologies LP acquired 378,173 BlackBerry shares worth approximately $4.8 million, while institutional investors and hedge funds collectively own 54.48% of the company.
• Analysts raised their price targets following BlackBerry’s latest results, but the consensus rating remains “Hold” with an average target of $8.92.
• BlackBerry exceeded quarterly earnings and revenue estimates, reporting $0.04 in EPS and $152.9 million in revenue, with revenue up 25.6% year over year.

Quantbot Technologies LP acquired a new position in shares of BlackBerry Limited (NYSE:BB - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 378,173 shares of the company's stock, valued at approximately $4,784,000. Quantbot Technologies LP owned approximately 0.06% of BlackBerry at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CoreCap Advisors LLC acquired a new stake in shares of BlackBerry during the 2nd quarter valued at approximately $31,000. Elevation Wealth Partners LLC acquired a new stake in shares of BlackBerry in the 2nd quarter worth approximately $32,000. Wealthfront Advisers LLC purchased a new position in BlackBerry in the 1st quarter valued at approximately $34,000. Bank of New York Mellon Corp purchased a new position in BlackBerry in the 1st quarter valued at approximately $37,000. Finally, Portfolio Resources Advisor Group Inc. acquired a new position in BlackBerry during the fourth quarter worth $46,000. 54.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other BlackBerry news, CFO Tim Foote sold 8,235 shares of the firm's stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $10.92, for a total transaction of $89,926.20. Following the sale, the chief financial officer directly owned 73,535 shares of the company's stock, valued at $803,002.20. This trade represents a 10.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jennifer Armstrong-Owen sold 3,296 shares of BlackBerry stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $10.92, for a total transaction of $35,992.32. Following the sale, the senior vice president owned 106,091 shares of the company's stock, valued at approximately $1,158,513.72. This trade represents a 3.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 355,858 shares of company stock valued at $4,012,270 over the last quarter. 0.51% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have commented on BB shares. TD boosted their target price on BlackBerry from $5.00 to $8.00 and gave the stock a "hold" rating in a research report on Friday, June 26th. Royal Bank Of Canada raised their price target on BlackBerry from $4.50 to $9.00 and gave the company a "sector perform" rating in a research report on Friday, June 26th. Canadian Imperial Bank of Commerce lifted their price target on BlackBerry from $10.00 to $13.00 and gave the stock an "outperformer" rating in a research note on Friday, June 26th. Canaccord Genuity Group boosted their price objective on shares of BlackBerry from $8.20 to $10.30 and gave the stock a "hold" rating in a research report on Friday, June 26th. Finally, Weiss Ratings upgraded shares of BlackBerry from a "sell (d+)" rating to a "hold (c-)" rating in a report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $8.92.

BlackBerry Price Performance

Shares of NYSE:BB opened at $8.05 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.20 and a current ratio of 2.20. The business's fifty day moving average price is $9.50 and its two-hundred day moving average price is $6.59. The stock has a market cap of $4.73 billion, a PE ratio of 89.45 and a beta of 2.25. BlackBerry Limited has a one year low of $3.12 and a one year high of $13.59.

BlackBerry (NYSE:BB - Get Free Report) last released its quarterly earnings results on Thursday, June 25th. The company reported $0.04 earnings per share for the quarter, topping analysts' consensus estimates of $0.03 by $0.01. BlackBerry had a return on equity of 11.66% and a net margin of 10.31%.The company had revenue of $152.90 million during the quarter, compared to analysts' expectations of $136.10 million. During the same period in the previous year, the firm posted $0.02 earnings per share. The business's revenue for the quarter was up 25.6% compared to the same quarter last year. BlackBerry has set its FY 2027 guidance at 0.160-0.200 EPS and its Q2 2027 guidance at 0.030-0.040 EPS. On average, analysts forecast that BlackBerry Limited will post 0.13 EPS for the current fiscal year.

BlackBerry Profile

BlackBerry Limited, formerly known as Research In Motion (RIM), is a Canadian enterprise software and cybersecurity company based in Waterloo, Ontario. Since its founding in 1984, the firm has evolved from a pioneer in mobile devices into a specialist in secure communications, endpoint management, and embedded systems software. BlackBerry's core mission today centers on delivering security-first solutions that protect critical data and infrastructure across diverse industries.

At the heart of BlackBerry's offerings is the BlackBerry Spark® platform, which combines unified endpoint management (UEM), secure communications, and artificial intelligence–driven threat detection into a single framework.

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