BlackBerry Limited (NYSE:BB) Insider Mattias Eriksson Sells 12,680 Shares

BlackBerry Limited (NYSE:BB) insider Mattias Eriksson sold 12,680 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $4.00, for a total transaction of $50,720.00. Following the transaction, the insider now owns 278,306 shares in the company, valued at approximately $1,113,224. This trade represents a 4.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Mattias Eriksson also recently made the following trade(s):

• On Thursday, January 2nd, Mattias Eriksson sold 14,475 shares of BlackBerry stock. The stock was sold at an average price of $3.68, for a total transaction of $53,268.00.

BlackBerry Stock Performance

Shares of BB stock opened at $4.05 on Friday. The firm’s 50 day moving average is $2.96 and its 200 day moving average is $2.59. The stock has a market capitalization of $2.40 billion, a P/E ratio of -16.20 and a beta of 1.30. BlackBerry Limited has a 12 month low of $2.01 and a 12 month high of $4.35. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.27.

BlackBerry (NYSE:BB) last posted its earnings results on Thursday, December 19th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.03. The firm had revenue of $143.00 million for the quarter, compared to the consensus estimate of $144.84 million. BlackBerry had a negative return on equity of 3.38% and a negative net margin of 21.66%. The business’s quarterly revenue was down 5.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.01 earnings per share. On average, sell-side analysts anticipate that BlackBerry Limited will post -0.06 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently commented on BB shares. TD Cowen upgraded BlackBerry from a “hold” rating to a “buy” rating and lifted their price target for the stock from $3.25 to $4.00 in a report on Friday, December 20th. Royal Bank of Canada lifted their target price on BlackBerry from $3.25 to $4.00 and gave the stock a “sector perform” rating in a research note on Friday. CIBC increased their price target on shares of BlackBerry from $3.50 to $3.60 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Canaccord Genuity Group lifted their price objective on shares of BlackBerry from $2.80 to $3.00 and gave the stock a “hold” rating in a research report on Friday, December 20th. Finally, StockNews.com raised shares of BlackBerry from a “sell” rating to a “hold” rating in a research report on Monday, December 9th. Six investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, BlackBerry has a consensus rating of “Moderate Buy” and a consensus price target of $3.69.

Institutional Investors Weigh In On BlackBerry

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Barclays PLC boosted its position in shares of BlackBerry by 60.2% in the third quarter. Barclays PLC now owns 249,218 shares of the company’s stock valued at $652,000 after acquiring an additional 93,651 shares during the period. Toronto Dominion Bank increased its holdings in shares of BlackBerry by 5.3% in the third quarter. Toronto Dominion Bank now owns 718,314 shares of the company’s stock worth $1,882,000 after purchasing an additional 36,372 shares during the period. Geode Capital Management LLC increased its holdings in shares of BlackBerry by 2.9% in the third quarter. Geode Capital Management LLC now owns 267,073 shares of the company’s stock worth $706,000 after purchasing an additional 7,652 shares during the period. Public Employees Retirement System of Ohio purchased a new position in BlackBerry during the third quarter worth about $410,000. Finally, Orion Portfolio Solutions LLC increased its stake in BlackBerry by 121.1% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 37,916 shares of the company’s stock worth $99,000 after acquiring an additional 20,771 shares during the last quarter. 54.48% of the stock is currently owned by institutional investors.

BlackBerry Company 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.