BlackBerry Limited (NYSE:BB) Insider Sells $53,268.00 in Stock

BlackBerry Limited (NYSE:BB) insider Mattias Eriksson sold 14,475 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $3.68, for a total value of $53,268.00. Following the completion of the sale, the insider now owns 238,838 shares of the company’s stock, valued at approximately $878,923.84. The trade was a 5.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Mattias Eriksson also recently made the following trade(s):

• On Monday, January 6th, Mattias Eriksson sold 12,680 shares of BlackBerry stock. The shares were sold at an average price of $4.00, for a total transaction of $50,720.00.

BlackBerry Stock Performance

Shares of BlackBerry stock opened at $4.07 on Thursday. The stock has a market capitalization of $2.41 billion, a price-to-earnings ratio of -16.28 and a beta of 1.30. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.44 and a quick ratio of 1.44. The business has a 50-day moving average of $2.89 and a 200 day moving average of $2.57. BlackBerry Limited has a 12 month low of $2.01 and a 12 month high of $4.35.

BlackBerry (NYSE:BB) last posted its quarterly earnings data on Thursday, December 19th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.03. BlackBerry had a negative net margin of 21.66% and a negative return on equity of 3.38%. The business had revenue of $143.00 million during the quarter, compared to analyst estimates of $144.84 million. During the same quarter last year, the firm posted $0.01 earnings per share. The business’s revenue for the quarter was down 5.9% compared to the same quarter last year. As a group, sell-side analysts forecast that BlackBerry Limited will post -0.06 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Robert W. Baird boosted their target price on shares of BlackBerry from $3.00 to $3.50 and gave the company a “neutral” rating in a report on Friday, December 20th. Royal Bank of Canada increased their price objective on BlackBerry from $3.00 to $3.25 and gave the stock a “sector perform” rating in a research report on Tuesday, December 17th. Canaccord Genuity Group lifted their target price on BlackBerry from $2.80 to $3.00 and gave the company a “hold” rating in a research report on Friday, December 20th. StockNews.com upgraded BlackBerry from a “sell” rating to a “hold” rating in a report on Monday, December 9th. Finally, TD Cowen upgraded shares of BlackBerry from a “hold” rating to a “buy” rating and boosted their price objective for the company from $3.25 to $4.00 in a report on Friday, December 20th. Six equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $3.60.

Institutional Trading of BlackBerry

A number of large investors have recently modified their holdings of the stock. Barclays PLC boosted its holdings in BlackBerry by 60.2% in the third quarter. Barclays PLC now owns 249,218 shares of the company’s stock valued at $652,000 after purchasing an additional 93,651 shares during the period. Toronto Dominion Bank raised its position in BlackBerry by 5.3% in the 3rd quarter. Toronto Dominion Bank now owns 718,314 shares of the company’s stock valued at $1,882,000 after purchasing an additional 36,372 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of BlackBerry by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 267,073 shares of the company’s stock valued at $706,000 after buying an additional 7,652 shares during the period. Public Employees Retirement System of Ohio acquired a new position in shares of BlackBerry during the third quarter worth about $410,000. Finally, Orion Portfolio Solutions LLC increased its stake in shares of BlackBerry by 121.1% during the third quarter. Orion Portfolio Solutions LLC now owns 37,916 shares of the company’s stock worth $99,000 after buying an additional 20,771 shares during the period. Hedge funds and other institutional investors own 54.48% 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.