Marathon Trading Investment Management LLC Makes New $85,000 Investment in BlackBerry Limited $BB

Marathon Trading Investment Management LLC bought a new stake in BlackBerry Limited (NYSE:BB) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 18,600 shares of the company’s stock, valued at approximately $85,000.

Several other hedge funds and other institutional investors have also made changes to their positions in BB. AE Wealth Management LLC acquired a new stake in BlackBerry in the 2nd quarter valued at about $71,000. Envestnet Asset Management Inc. acquired a new position in BlackBerry during the second quarter worth about $295,000. Ground Swell Capital LLC purchased a new stake in shares of BlackBerry in the second quarter valued at about $69,000. Caitong International Asset Management Co. Ltd grew its position in shares of BlackBerry by 9,945.5% in the second quarter. Caitong International Asset Management Co. Ltd now owns 45,004 shares of the company’s stock valued at $206,000 after purchasing an additional 44,556 shares during the last quarter. Finally, Triasima Portfolio Management inc. acquired a new stake in shares of BlackBerry in the second quarter valued at approximately $89,000. Institutional investors and hedge funds own 54.48% of the company’s stock.

BlackBerry Price Performance

Shares of NYSE:BB opened at $4.56 on Friday. The company has a market cap of $2.69 billion, a P/E ratio of -455.50 and a beta of 1.51. The business has a fifty day simple moving average of $4.44 and a 200-day simple moving average of $4.11. BlackBerry Limited has a 52 week low of $2.26 and a 52 week high of $6.24. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.27.

BlackBerry (NYSE:BB) last released its earnings results on Thursday, September 25th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.03. The firm had revenue of $130.96 million for 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%.The firm’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 research analysts forecast that BlackBerry Limited will post -0.03 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Robert W. Baird lifted their price objective on BlackBerry from $5.00 to $5.50 and gave the stock a “neutral” rating in a research report on Friday, September 26th. Canaccord Genuity Group reissued a “hold” rating and issued a $4.60 price target on shares of BlackBerry in a report on Friday, September 26th. Wall Street Zen upgraded BlackBerry from a “hold” rating to a “buy” rating in a research report on Friday, September 26th. TD Cowen reiterated a “hold” rating and set a $5.00 price objective on shares of BlackBerry in a research report on Friday, October 3rd. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of BlackBerry in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $5.10.

Insider Buying and Selling

In related news, insider Philip S. Kurtz sold 44,178 shares of the business’s stock in a transaction that occurred on Sunday, September 28th. The shares were sold at an average price of $4.95, for a total value of $218,681.10. Following the completion of the sale, the insider directly owned 95,468 shares in the company, valued at approximately $472,566.60. The trade was a 31.64% 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 the SEC website. Also, CEO John Joseph Giamatteo sold 28,343 shares of the company’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 transaction of $130,944.66. Following the transaction, the chief executive officer directly owned 568,164 shares of the company’s stock, valued at $2,624,917.68. This trade represents a 4.75% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 88,565 shares of company stock valued at $423,706. Insiders own 0.37% of the company’s stock.

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.