327,467 Shares in BlackBerry Limited (NYSE:BB) Bought by Stifel Financial Corp

Stifel Financial Corp purchased a new position in shares of BlackBerry Limited (NYSE:BB - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 327,467 shares of the company's stock, valued at approximately $1,238,000. Stifel Financial Corp owned approximately 0.06% of BlackBerry at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC grew its position in BlackBerry by 63.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 9,773 shares of the company's stock worth $37,000 after purchasing an additional 3,811 shares in the last quarter. Masso Torrence Wealth Management Inc. purchased a new position in shares of BlackBerry during the fourth quarter valued at $38,000. Mindset Wealth Management LLC acquired a new position in BlackBerry during the fourth quarter valued at $38,000. Quadrant Capital Group LLC lifted its stake in BlackBerry by 100.3% in the 4th quarter. Quadrant Capital Group LLC now owns 10,000 shares of the company's stock worth $38,000 after acquiring an additional 5,008 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in BlackBerry during the 4th quarter worth about $40,000. 54.48% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on BB shares. Royal Bank of Canada set a $3.75 price objective on shares of BlackBerry in a research note on Thursday, April 3rd. Canaccord Genuity Group lowered their price target on BlackBerry from $4.75 to $4.25 and set a "hold" rating on the stock in a research report on Thursday, April 3rd. CIBC cut their price objective on shares of BlackBerry from $7.00 to $6.00 and set an "outperformer" rating for the company in a research report on Thursday, April 3rd. Finally, StockNews.com upgraded shares of BlackBerry from a "sell" rating to a "hold" rating in a research note on Friday, April 11th. Six equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $4.12.

BlackBerry Stock Performance

Shares of BlackBerry stock remained flat at $3.80 during trading on Friday. The company had a trading volume of 51,106,948 shares, compared to its average volume of 14,320,854. BlackBerry Limited has a fifty-two week low of $2.01 and a fifty-two week high of $6.24. The firm has a market capitalization of $2.27 billion, a PE ratio of -17.27 and a beta of 1.42. 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 stock has a 50 day moving average of $3.69 and a 200-day moving average of $3.67.

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

Insider Transactions at BlackBerry

In other news, SVP Jennifer Armstrong-Owen sold 29,940 shares of the firm's stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $2.99, for a total value of $89,520.60. Following the completion of the transaction, the senior vice president now owns 42,398 shares in the company, valued at $126,770.02. This trade represents a 41.39 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 37,216 shares of company stock valued at $112,025 over the last quarter. Corporate insiders own 0.34% of the company's stock.

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.