BlackBerry Limited (NYSE:BB) CAO Jay P. Chai Sells 24,425 Shares of Stock

BlackBerry Limited (NYSE:BB) CAO Jay P. Chai sold 24,425 shares of the company’s stock in a transaction on Friday, January 24th. The stock was sold at an average price of $4.19, for a total transaction of $102,340.75. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

BlackBerry Trading Up 0.1 %

BB opened at $4.34 on Thursday. The stock has a market cap of $2.56 billion, a PE ratio of -19.70 and a beta of 1.30. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.27. BlackBerry Limited has a twelve month low of $2.01 and a twelve month high of $4.43. The company has a fifty day moving average of $3.46 and a 200-day moving average of $2.76.

BlackBerry (NYSE:BB) last posted its quarterly earnings data on Thursday, December 19th. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.03. BlackBerry had a negative return on equity of 2.02% and a negative net margin of 21.16%. The firm had revenue of $143.00 million during the quarter, compared to analyst estimates of $144.84 million. During the same period last year, the company posted $0.01 EPS. The business’s quarterly revenue was down 5.9% on a year-over-year basis. On average, sell-side analysts predict that BlackBerry Limited will post -0.03 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. CIBC upped their target price on BlackBerry from $3.50 to $3.60 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Canaccord Genuity Group upped their price objective on BlackBerry from $2.80 to $3.00 and gave the company a “hold” rating in a research note on Friday, December 20th. StockNews.com upgraded shares of BlackBerry from a “sell” rating to a “hold” rating in a research report on Monday, December 9th. Robert W. Baird upped their price target on shares of BlackBerry from $3.00 to $3.50 and gave the company a “neutral” rating in a research report on Friday, December 20th. Finally, TD Securities upgraded shares of BlackBerry from a “hold” rating to a “buy” rating and lifted their price target for the stock from $3.25 to $4.00 in a report on Friday, December 20th. Six research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, BlackBerry presently has an average rating of “Moderate Buy” and a consensus price target of $3.69.

Hedge Funds Weigh In On BlackBerry

Institutional investors and hedge funds have recently modified their holdings of the business. Millennium Management LLC lifted its position in shares of BlackBerry by 5,408.9% during the 2nd quarter. Millennium Management LLC now owns 3,431,588 shares of the company’s stock valued at $8,510,000 after acquiring an additional 3,369,296 shares during the period. EdgePoint Investment Group Inc. increased its stake in BlackBerry by 15.9% in the third quarter. EdgePoint Investment Group Inc. now owns 11,922,795 shares of the company’s stock valued at $31,238,000 after purchasing an additional 1,637,916 shares in the last quarter. Potrero Capital Research LLC acquired a new position in shares of BlackBerry during the third quarter valued at about $2,359,000. Cubist Systematic Strategies LLC boosted its position in shares of BlackBerry by 815.6% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 548,884 shares of the company’s stock worth $1,361,000 after purchasing an additional 488,934 shares in the last quarter. Finally, Capstone Investment Advisors LLC acquired a new stake in shares of BlackBerry in the 3rd quarter valued at about $1,285,000. 54.48% of the stock is currently owned by institutional investors.

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.