US Bancorp DE Has $27,000 Holdings in BlackBerry Limited $BB

US Bancorp DE decreased its holdings in BlackBerry Limited (NYSE:BB) by 79.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,051 shares of the company’s stock after selling 27,997 shares during the quarter. US Bancorp DE’s holdings in BlackBerry were worth $27,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of BB. LPL Financial LLC increased its holdings in shares of BlackBerry by 92.7% during the fourth quarter. LPL Financial LLC now owns 192,824 shares of the company’s stock worth $729,000 after purchasing an additional 92,738 shares during the period. Geode Capital Management LLC grew its position in BlackBerry by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 276,453 shares of the company’s stock worth $1,061,000 after buying an additional 9,380 shares in the last quarter. Wells Fargo & Company MN increased its stake in BlackBerry by 24.4% during the 4th quarter. Wells Fargo & Company MN now owns 114,906 shares of the company’s stock worth $434,000 after acquiring an additional 22,567 shares during the period. Invesco Ltd. raised its holdings in BlackBerry by 3.8% in the 4th quarter. Invesco Ltd. now owns 115,116 shares of the company’s stock valued at $435,000 after acquiring an additional 4,226 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of BlackBerry during the 4th quarter valued at $544,000. Institutional investors own 54.48% of the company’s stock.

Analysts Set New Price Targets

BB has been the topic of a number of recent analyst reports. Canaccord Genuity Group raised their price target on BlackBerry from $4.25 to $4.60 and gave the stock a “hold” rating in a research report on Tuesday, June 24th. Robert W. Baird raised their target price on shares of BlackBerry from $4.00 to $5.00 and gave the company a “neutral” rating in a report on Wednesday, June 25th. CIBC reaffirmed an “outperform” rating on shares of BlackBerry in a report on Tuesday, June 24th. Wall Street Zen lowered shares of BlackBerry from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Finally, Royal Bank Of Canada boosted their price objective on shares of BlackBerry from $3.75 to $4.00 and gave the company a “sector perform” rating in a research report on Friday, June 20th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $4.60.

Insider Buying and Selling at BlackBerry

In other BlackBerry news, CEO John Joseph Giamatteo sold 26,998 shares of the stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $4.32, for a total value of $116,631.36. Following the completion of the transaction, the chief executive officer directly owned 530,135 shares in the company, valued at approximately $2,290,183.20. This trade represents a 4.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Philip S. Kurtz sold 16,217 shares of BlackBerry stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $5.25, for a total value of $85,139.25. Following the sale, the insider directly owned 57,503 shares in the company, valued at $301,890.75. The trade was a 22.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 58,417 shares of company stock worth $267,524. 0.37% of the stock is currently owned by company insiders.

BlackBerry Trading Down 0.4%

BB opened at $3.6450 on Thursday. The company has a market cap of $2.16 billion, a P/E ratio of -60.75 and a beta of 1.49. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.27. The company’s 50 day moving average is $4.03 and its 200-day moving average is $4.09. BlackBerry Limited has a 1-year low of $2.22 and a 1-year high of $6.24.

BlackBerry (NYSE:BB) last released its quarterly earnings data on Tuesday, June 24th. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.03. BlackBerry had a negative net margin of 6.44% and a positive return on equity of 2.29%. The business had revenue of $121.26 million during the quarter, compared to analysts’ expectations of $112.18 million. During the same period in the prior year, the company earned ($0.03) EPS. The firm’s quarterly revenue was down 15.5% compared to the same quarter last year. BlackBerry has set its Q2 2026 guidance at 0.000-0.010 EPS. FY 2026 guidance at 0.080-0.100 EPS. Equities research analysts predict that BlackBerry Limited will post -0.03 earnings per share for the current fiscal year.

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.