MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Cuts Stock Position in BlackBerry Limited $BB

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. trimmed its position in shares of BlackBerry Limited (NYSE:BB) by 47.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,045,881 shares of the company’s stock after selling 952,967 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.18% of BlackBerry worth $3,943,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Vident Advisory LLC increased its stake in BlackBerry by 52.1% during the first quarter. Vident Advisory LLC now owns 1,182,034 shares of the company’s stock worth $4,456,000 after purchasing an additional 404,823 shares during the period. FORA Capital LLC acquired a new position in shares of BlackBerry in the first quarter valued at approximately $418,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in BlackBerry by 7.0% during the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,086,634 shares of the company’s stock worth $4,093,000 after buying an additional 71,057 shares during the period. Hsbc Holdings PLC lifted its holdings in BlackBerry by 16.7% during the 1st quarter. Hsbc Holdings PLC now owns 31,641 shares of the company’s stock worth $119,000 after buying an additional 4,525 shares in the last quarter. Finally, Northwest & Ethical Investments L.P. lifted its holdings in BlackBerry by 67.7% during the 1st quarter. Northwest & Ethical Investments L.P. now owns 184,592 shares of the company’s stock worth $696,000 after buying an additional 74,530 shares in the last quarter. 54.48% of the stock is owned by institutional investors and hedge funds.

Insider Activity at BlackBerry

In other BlackBerry news, CEO John Joseph Giamatteo sold 26,998 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer owned 530,135 shares in the company, valued at approximately $2,290,183.20. The trade was a 4.85% 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 hyperlink. Also, insider Philip S. Kurtz sold 16,217 shares of the company’s stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $5.25, for a total transaction of $85,139.25. Following the completion of the sale, the insider directly owned 57,503 shares of the company’s stock, 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 ninety days, insiders have sold 58,417 shares of company stock worth $267,524. 0.37% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Wall Street Zen downgraded shares of BlackBerry from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Royal Bank Of Canada lifted their target price on BlackBerry from $3.75 to $4.00 and gave the company a “sector perform” rating in a report on Friday, June 20th. Robert W. Baird upped their price target on BlackBerry from $4.00 to $5.00 and gave the stock a “neutral” rating in a report on Wednesday, June 25th. CIBC reaffirmed an “outperform” rating on shares of BlackBerry in a research report on Tuesday, June 24th. Finally, Canaccord Genuity Group lifted their price objective on BlackBerry from $4.25 to $4.60 and gave the company a “hold” rating in a research note on Tuesday, June 24th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $4.60.

BlackBerry Trading Up 0.9%

NYSE BB opened at $3.91 on Friday. The firm’s fifty day moving average price is $3.84 and its 200 day moving average price is $3.90. BlackBerry Limited has a 12 month low of $2.24 and a 12 month high of $6.24. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.10 and a quick ratio of 2.10. The company has a market capitalization of $2.31 billion, a price-to-earnings ratio of -65.08 and a beta of 1.49.

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, beating the consensus estimate 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 company had revenue of $121.26 million during the quarter, compared to the consensus estimate of $112.18 million. During the same quarter in the prior year, the firm posted ($0.03) earnings per share. BlackBerry’s revenue for the quarter was down 15.5% on a year-over-year basis. BlackBerry has set its Q2 2026 guidance at 0.000-0.010 EPS. FY 2026 guidance at 0.080-0.100 EPS. On average, sell-side analysts expect that BlackBerry Limited will post -0.03 earnings per share for the current fiscal year.

About BlackBerry

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.