2,700,000 Shares in BlackBerry Limited $BB Acquired by NewGen Equity Long Short Fund

NewGen Equity Long Short Fund bought a new stake in shares of BlackBerry Limited (NYSE:BB) during the 2nd quarter, Holdings Channel.com reports. The firm bought 2,700,000 shares of the company’s stock, valued at approximately $12,366,000. BlackBerry comprises approximately 7.3% of NewGen Equity Long Short Fund’s holdings, making the stock its 4th largest position.

Several other large investors have also recently added to or reduced their stakes in BB. Voya Investment Management LLC acquired a new position in shares of BlackBerry during the first quarter worth about $95,166,000. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of BlackBerry by 69.1% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 23,112,391 shares of the company’s stock worth $87,064,000 after acquiring an additional 9,442,676 shares during the last quarter. TD Asset Management Inc boosted its holdings in BlackBerry by 163.7% in the first quarter. TD Asset Management Inc now owns 4,349,647 shares of the company’s stock valued at $16,380,000 after purchasing an additional 2,700,319 shares during the last quarter. Geode Capital Management LLC boosted its holdings in BlackBerry by 263.2% in the second quarter. Geode Capital Management LLC now owns 1,167,739 shares of the company’s stock valued at $5,348,000 after purchasing an additional 846,208 shares during the last quarter. Finally, Vident Advisory LLC grew its stake in BlackBerry by 52.1% during the 1st quarter. Vident Advisory LLC now owns 1,182,034 shares of the company’s stock valued at $4,456,000 after purchasing an additional 404,823 shares in the last quarter. 54.48% of the stock is currently owned by institutional investors and hedge funds.

BlackBerry Price Performance

Shares of NYSE:BB opened at $4.32 on Wednesday. The stock has a fifty day moving average of $4.52 and a 200-day moving average of $4.16. The company has a market capitalization of $2.55 billion, a PE ratio of -431.50 and a beta of 1.52. BlackBerry Limited has a one year low of $2.29 and a one year high of $6.24. 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 (NYSE:BB) last posted its quarterly earnings data on Thursday, September 25th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.03. BlackBerry had a positive return on equity of 6.07% and a negative net margin of 0.60%.The firm had revenue of $130.96 million for the quarter, compared to the consensus estimate of $122.03 million. The company’s revenue was down 10.6% on a year-over-year basis. BlackBerry has set its Q3 2026 guidance at 0.020-0.040 EPS. FY 2026 guidance at 0.110-0.15 EPS. As a group, equities analysts anticipate that BlackBerry Limited will post -0.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on BB shares. Canaccord Genuity Group reiterated a “hold” rating and issued a $4.60 price target on shares of BlackBerry in a report on Friday, September 26th. Royal Bank Of Canada raised their target price on shares of BlackBerry from $4.00 to $4.50 and gave the stock a “sector perform” rating in a report on Friday, September 26th. Robert W. Baird upped their target price on BlackBerry from $5.00 to $5.50 and gave the company a “neutral” rating 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. Finally, TD Securities lowered BlackBerry from a “buy” rating to a “hold” rating and increased their target price for the stock from $4.00 to $5.00 in a research report on Friday, October 3rd. One equities research 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $5.10.

Insider Activity at BlackBerry

In other BlackBerry news, CEO John Joseph Giamatteo sold 28,343 shares of the business’s stock in a transaction dated 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. The trade was a 4.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 of the company’s stock, valued at approximately $472,566.60. The trade was a 31.64% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 88,565 shares of company stock valued at $423,706. Company 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.