15,598 Shares in BlackBerry Limited $BB Bought by AE Wealth Management LLC

AE Wealth Management LLC acquired a new stake in BlackBerry Limited (NYSE:BB) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 15,598 shares of the company’s stock, valued at approximately $71,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Hsbc Holdings PLC boosted its position in shares of BlackBerry by 16.7% in the first quarter. Hsbc Holdings PLC now owns 31,641 shares of the company’s stock worth $119,000 after buying an additional 4,525 shares during the period. Sigma Planning Corp lifted its position in BlackBerry by 49.0% during the 1st quarter. Sigma Planning Corp now owns 24,326 shares of the company’s stock worth $92,000 after acquiring an additional 8,000 shares in the last quarter. Chicago Partners Investment Group LLC purchased a new position in BlackBerry in the 1st quarter worth approximately $37,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in BlackBerry by 1.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 823,822 shares of the company’s stock valued at $3,106,000 after acquiring an additional 10,667 shares in the last quarter. Finally, LeConte Wealth Management LLC acquired a new stake in BlackBerry in the second quarter valued at approximately $61,000. Institutional investors and hedge funds own 54.48% of the company’s stock.

BlackBerry Price Performance

BB opened at $4.32 on Wednesday. The company has a market capitalization of $2.55 billion, a P/E ratio of -431.50 and a beta of 1.52. The company has a 50-day moving average of $4.52 and a 200-day moving average of $4.16. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.20 and a current ratio of 2.20. BlackBerry Limited has a 1-year low of $2.29 and a 1-year high of $6.24.

BlackBerry (NYSE:BB) last posted its quarterly earnings results on Thursday, September 25th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.03. The business had revenue of $130.96 million during the quarter, compared to the consensus estimate of $122.03 million. BlackBerry had a positive return on equity of 6.07% and a negative net margin of 0.60%.BlackBerry’s revenue for the quarter was down 10.6% compared to the same quarter last year. BlackBerry has set its Q3 2026 guidance at 0.020-0.040 EPS. FY 2026 guidance at 0.110-0.15 EPS. Equities analysts expect that BlackBerry Limited will post -0.03 EPS for the current fiscal year.

Insider Activity

In other news, insider Mattias Eriksson sold 5,914 shares of the business’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $4.62, for a total value of $27,322.68. Following the completion of the sale, the insider directly owned 291,340 shares in the company, valued at approximately $1,345,990.80. The trade was a 1.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO John Joseph Giamatteo sold 28,343 shares of the firm’s stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $4.62, for a total value of $130,944.66. Following the transaction, the chief executive officer owned 568,164 shares in the company, valued at $2,624,917.68. This trade represents a 4.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 88,565 shares of company stock worth $423,706. 0.37% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on BB. TD Securities cut shares of BlackBerry from a “buy” rating to a “hold” rating and boosted their target price for the stock from $4.00 to $5.00 in a research report on Friday, October 3rd. TD Cowen reaffirmed a “hold” rating and set a $5.00 price target on shares of BlackBerry in a research note on Friday, October 3rd. Canaccord Genuity Group reiterated a “hold” rating and issued a $4.60 price objective on shares of BlackBerry in a report on Friday, September 26th. Zacks Research raised shares of BlackBerry from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 29th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of BlackBerry in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $5.10.

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.