4,000 Shares in BlackBerry Limited (NYSE:BB) Acquired by Hardy Reed LLC

Hardy Reed LLC bought a new position in BlackBerry Limited (NYSE:BB – Get Rating) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 4,000 shares of the company’s stock, valued at approximately $30,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in BlackBerry by 2.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 163,233 shares of the company’s stock worth $1,504,000 after purchasing an additional 3,312 shares during the last quarter. Qube Research & Technologies Ltd acquired a new stake in BlackBerry in the 4th quarter worth approximately $737,000. Russell Investments Group Ltd. lifted its holdings in BlackBerry by 25.6% in the 4th quarter. Russell Investments Group Ltd. now owns 94,492 shares of the company’s stock worth $882,000 after purchasing an additional 19,242 shares during the last quarter. Pacifica Partners Inc. lifted its holdings in BlackBerry by 214.3% in the 1st quarter. Pacifica Partners Inc. now owns 11,000 shares of the company’s stock worth $75,000 after purchasing an additional 7,500 shares during the last quarter. Finally, Plustick Management LLC acquired a new stake in BlackBerry in the 4th quarter worth approximately $3,647,000. 36.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Marjorie Dickman sold 68,519 shares of the business’s stock in a transaction that occurred on Friday, May 13th. The stock was sold at an average price of $5.70, for a total transaction of $390,558.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other BlackBerry news, insider Marjorie Dickman sold 68,519 shares of the company’s stock in a transaction on Friday, May 13th. The stock was sold at an average price of $5.70, for a total value of $390,558.30. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Mattias Eriksson sold 12,391 shares of the company’s stock in a transaction on Tuesday, June 28th. The shares were sold at an average price of $5.55, for a total value of $68,770.05. Following the completion of the sale, the insider now owns 26,672 shares in the company, valued at $148,029.60. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have commented on the company. Canaccord Genuity Group dropped their price target on BlackBerry from $7.00 to $6.00 in a research report on Thursday, May 19th. Royal Bank of Canada dropped their price target on BlackBerry from $7.00 to $6.50 and set a “sector perform” rating on the stock in a research report on Thursday, May 19th. Finally, TD Securities dropped their price target on BlackBerry from $6.50 to $5.00 and set a “reduce” rating on the stock in a research report on Saturday, June 25th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $7.25.

BlackBerry Stock Performance

BB opened at $6.21 on Friday. The stock has a market cap of $3.58 billion, a PE ratio of -6.40 and a beta of 1.36. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 0.48. BlackBerry Limited has a 1 year low of $4.70 and a 1 year high of $12.39. The stock’s 50 day simple moving average is $5.75 and its 200-day simple moving average is $6.62.

BlackBerry (NYSE:BB – Get Rating) last released its quarterly earnings data on Thursday, June 23rd. The company reported ($0.06) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.06). The business had revenue of $168.00 million for the quarter. BlackBerry had a negative return on equity of 6.13% and a negative net margin of 60.16%. Sell-side analysts forecast that BlackBerry Limited will post -0.2 EPS for the current year.

BlackBerry Company Profile

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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 BlackBerry Cyber Suite, which provides Cylance AI and machine learning-based cybersecurity solutions, including BlackBerry Protect, an EPP and available MTD solution; BlackBerry Optics, an EDR solution that provides visibility into and prevention of malicious activity; BlackBerry Guard, a managed detection and response solution; BlackBerry Gateway, an AI-empowered ZTNA solution; and BlackBerry Persona, a UEBA solution that provides authentication by validating user identity in real time.