BlackBerry Limited (NYSE:BB) Position Raised by BNP Paribas Financial Markets

BNP Paribas Financial Markets lifted its position in shares of BlackBerry Limited (NYSE:BB) by 21.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 198,747 shares of the company’s stock after acquiring an additional 35,216 shares during the period. BNP Paribas Financial Markets’ holdings in BlackBerry were worth $751,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of BB. Tower Research Capital LLC TRC boosted its stake in BlackBerry by 63.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 9,773 shares of the company’s stock valued at $37,000 after purchasing an additional 3,811 shares during the period. Masso Torrence Wealth Management Inc. bought a new stake in shares of BlackBerry during the fourth quarter valued at approximately $38,000. Mindset Wealth Management LLC acquired a new position in shares of BlackBerry during the fourth quarter worth approximately $38,000. Quadrant Capital Group LLC boosted its position in shares of BlackBerry by 100.3% during the fourth quarter. Quadrant Capital Group LLC now owns 10,000 shares of the company’s stock worth $38,000 after buying an additional 5,008 shares during the period. Finally, Sanctuary Advisors LLC bought a new position in BlackBerry in the 4th quarter worth approximately $40,000. Institutional investors own 54.48% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on BB shares. Canaccord Genuity Group cut their target price on BlackBerry from $4.75 to $4.25 and set a “hold” rating on the stock in a research note on Thursday, April 3rd. CIBC cut their price objective on shares of BlackBerry from $7.00 to $6.00 and set an “outperformer” rating on the stock in a research note on Thursday, April 3rd. Wall Street Zen raised shares of BlackBerry from a “sell” rating to a “hold” rating in a report on Friday, April 11th. Finally, Royal Bank of Canada set a $3.75 target price on shares of BlackBerry in a research report on Thursday, April 3rd. Six equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, BlackBerry presently has an average rating of “Hold” and an average price target of $4.12.

BlackBerry Trading Up 1.3%

Shares of BlackBerry stock opened at $3.87 on Friday. The business has a fifty day simple moving average of $3.60 and a 200-day simple moving average of $3.75. 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 cap of $2.31 billion, a price-to-earnings ratio of -17.59 and a beta of 1.42. 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 (NYSE:BB) last issued its quarterly earnings results on Wednesday, April 2nd. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $141.70 million during the quarter, compared to the consensus estimate of $137.56 million. During the same period in the prior year, the company earned $0.03 EPS. BlackBerry’s revenue was down 7.3% on a year-over-year basis. On average, equities analysts forecast that BlackBerry Limited will post -0.03 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Jennifer Armstrong-Owen sold 29,940 shares of BlackBerry 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 transaction, the senior vice president now owns 42,398 shares of the company’s stock, valued at approximately $126,770.02. This trade represents a 41.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders have sold 37,216 shares of company stock worth $112,025. 0.34% of the stock is owned by insiders.

BlackBerry 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.