Voya Investment Management LLC Invests $95.17 Million in BlackBerry Limited $BB

Key Points

• Voya Investment Management LLC acquired 25,243,089 shares of BlackBerry Limited, valued at approximately $95 million, making its ownership stake 4.25% at the end of the most recent reporting period.
• BlackBerry's stock has received mixed ratings from analysts, with price targets ranging from $4.00 to $5.00, leading to a consensus rating of "Moderate Buy" and a price target of $4.60.
• The company reported a quarterly revenue of $121.26 million, exceeding analysts' estimates, but its revenue was down 15.5% compared to the previous year.

Voya Investment Management LLC bought a new stake in shares of BlackBerry Limited (NYSE:BB - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 25,243,089 shares of the company's stock, valued at approximately $95,166,000. Voya Investment Management LLC owned about 4.25% of BlackBerry at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in BlackBerry by 1.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 823,822 shares of the company's stock worth $3,106,000 after acquiring an additional 10,667 shares during the last quarter. Vident Advisory LLC increased its holdings in BlackBerry by 52.1% in 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 last quarter. FORA Capital LLC purchased a new stake in BlackBerry in the 1st quarter worth about $418,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in BlackBerry by 7.0% in the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,086,634 shares of the company's stock worth $4,093,000 after acquiring an additional 71,057 shares during the last quarter. Finally, Hsbc Holdings PLC increased its holdings in BlackBerry by 16.7% in the 1st quarter. Hsbc Holdings PLC now owns 31,641 shares of the company's stock worth $119,000 after acquiring an additional 4,525 shares during the last quarter. Hedge funds and other institutional investors own 54.48% of the company's stock.

BlackBerry Price Performance

NYSE:BB traded up $0.04 during mid-day trading on Tuesday, reaching $4.01. The stock had a trading volume of 5,761,892 shares, compared to its average volume of 16,351,958. The firm has a 50 day moving average price of $3.83 and a two-hundred day moving average price of $3.88. The stock has a market capitalization of $2.37 billion, a P/E ratio of -66.83 and a beta of 1.49. BlackBerry Limited has a one year low of $2.24 and a one year high of $6.24. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.10 and a current ratio of 2.10.

BlackBerry (NYSE:BB - Get Free Report) last announced its quarterly earnings data on Tuesday, June 24th. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $121.26 million during the quarter, compared to the consensus estimate of $112.18 million. During the same quarter in the previous year, the company posted ($0.03) earnings per share. The business's revenue was down 15.5% on a year-over-year basis. BlackBerry has set its Q2 2026 guidance at 0.000-0.010 EPS. FY 2026 guidance at 0.080-0.100 EPS. As a group, analysts expect that BlackBerry Limited will post -0.03 earnings per share for the current year.

Insider Activity at BlackBerry

In other news, CEO John Joseph Giamatteo sold 26,998 shares of the business's stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 530,135 shares of the company's stock, valued at approximately $2,290,183.20. The trade was a 4.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Philip S. Kurtz sold 16,217 shares of the business'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 transaction, the insider directly owned 57,503 shares in the company, valued at $301,890.75. This trade represents a 22.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 58,417 shares of company stock valued at $267,524 in the last quarter. Corporate insiders own 0.37% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on BB. CIBC reissued an "outperform" rating on shares of BlackBerry in a report on Tuesday, June 24th. Wall Street Zen lowered BlackBerry from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Canaccord Genuity Group lifted their target price on BlackBerry from $4.25 to $4.60 and gave the company a "hold" rating in a report on Tuesday, June 24th. Robert W. Baird lifted their target price on BlackBerry from $4.00 to $5.00 and gave the company a "neutral" rating in a report on Wednesday, June 25th. Finally, Royal Bank Of Canada lifted their target price on BlackBerry from $3.75 to $4.00 and gave the company a "sector perform" rating in a report on Friday, June 20th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $4.60.

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.