XTX Topco Ltd Has $395,000 Stock Holdings in BlackBerry Limited (NYSE:BB)

XTX Topco Ltd trimmed its stake in BlackBerry Limited (NYSE:BB - Free Report) by 47.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 104,531 shares of the company's stock after selling 96,247 shares during the quarter. XTX Topco Ltd's holdings in BlackBerry were worth $395,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. State Street Corp boosted its stake in shares of BlackBerry by 1.9% during the 3rd quarter. State Street Corp now owns 1,309,606 shares of the company's stock worth $3,431,000 after acquiring an additional 24,309 shares during the period. Barclays PLC boosted its stake in shares of BlackBerry by 60.2% during the 3rd quarter. Barclays PLC now owns 249,218 shares of the company's stock worth $652,000 after acquiring an additional 93,651 shares during the period. Geode Capital Management LLC boosted its stake in shares of BlackBerry by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 267,073 shares of the company's stock worth $706,000 after acquiring an additional 7,652 shares during the period. Ballentine Partners LLC bought a new position in shares of BlackBerry during the 4th quarter worth approximately $65,000. Finally, Foundations Investment Advisors LLC bought a new position in shares of BlackBerry during the 4th quarter worth approximately $95,000. 54.48% of the stock is currently owned by institutional investors.

Insider Activity

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

BlackBerry Price Performance

BB stock traded up $0.02 during mid-day trading on Monday, hitting $3.40. The stock had a trading volume of 8,985,504 shares, compared to its average volume of 13,892,306. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.27. BlackBerry Limited has a 52 week low of $2.01 and a 52 week high of $6.24. The firm has a market capitalization of $2.03 billion, a P/E ratio of -15.45 and a beta of 1.30. The firm has a fifty day simple moving average of $3.94 and a 200 day simple moving average of $3.61.

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

Analyst Ratings Changes

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

About BlackBerry

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.