Schonfeld Strategic Advisors LLC Makes New $1.06 Million Investment in BlackBerry Limited (NYSE:BB)

Schonfeld Strategic Advisors LLC bought a new stake in BlackBerry Limited (NYSE:BB - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 279,404 shares of the company's stock, valued at approximately $1,056,000.

Other institutional investors also recently made changes to their positions in the company. Tower Research Capital LLC TRC increased 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 worth $37,000 after buying an additional 3,811 shares during the last quarter. Invesco Ltd. grew its holdings in BlackBerry by 3.8% during the 4th quarter. Invesco Ltd. now owns 115,116 shares of the company's stock worth $435,000 after acquiring an additional 4,226 shares in the last quarter. Advisory Services Network LLC increased its position in shares of BlackBerry by 6.6% in the 4th quarter. Advisory Services Network LLC now owns 70,829 shares of the company's stock worth $268,000 after purchasing an additional 4,375 shares during the last quarter. Quadrant Capital Group LLC lifted its position in shares of BlackBerry by 100.3% during the fourth quarter. Quadrant Capital Group LLC now owns 10,000 shares of the company's stock worth $38,000 after purchasing an additional 5,008 shares during the last quarter. Finally, National Bank of Canada FI increased its holdings in BlackBerry by 2.4% in the fourth quarter. National Bank of Canada FI now owns 254,032 shares of the company's stock valued at $967,000 after buying an additional 5,870 shares during the last quarter. 54.48% of the stock is owned by institutional investors and hedge funds.

Insider Activity at BlackBerry

In other BlackBerry news, SVP Jennifer Armstrong-Owen sold 29,940 shares of the stock in a transaction on Friday, April 4th. The stock was sold at an average price of $2.99, for a total transaction of $89,520.60. Following the completion of the transaction, the senior vice president now directly owns 42,398 shares of the company's stock, valued at approximately $126,770.02. This trade represents a 41.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold 37,216 shares of company stock worth $112,025 in the last 90 days. Corporate insiders own 0.34% of the company's stock.

BlackBerry Stock Performance

BB stock traded up $0.04 on Tuesday, reaching $3.92. The company's stock had a trading volume of 4,242,378 shares, compared to its average volume of 14,283,336. BlackBerry Limited has a 52 week low of $2.01 and a 52 week high of $6.24. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.37 and a quick ratio of 1.37. The company has a market capitalization of $2.34 billion, a P/E ratio of -17.82 and a beta of 1.42. The firm has a fifty day moving average of $3.68 and a two-hundred day moving average of $3.68.

BlackBerry (NYSE:BB - Get Free Report) last released its quarterly earnings results on Wednesday, April 2nd. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.01. The company had revenue of $141.70 million during the quarter, compared to analysts' expectations of $137.56 million. BlackBerry had a negative return on equity of 2.02% and a negative net margin of 21.16%. The company's revenue for the quarter was down 7.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.03 earnings per share. As a group, analysts predict that BlackBerry Limited will post -0.03 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. StockNews.com upgraded shares of BlackBerry from a "sell" rating to a "hold" rating in a research report on Friday, April 11th. Canaccord Genuity Group decreased their target price on BlackBerry from $4.75 to $4.25 and set a "hold" rating for the company in a research note on Thursday, April 3rd. CIBC lowered their target price on BlackBerry from $7.00 to $6.00 and set an "outperformer" rating for the company in a report on Thursday, April 3rd. Finally, Royal Bank of Canada set a $3.75 price target on BlackBerry in a report on Thursday, April 3rd. Six investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $4.12.

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.