13,295 Shares in BlackBerry Limited $BB Bought by LeConte Wealth Management LLC

LeConte Wealth Management LLC purchased a new position in BlackBerry Limited (NYSE:BB) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 13,295 shares of the company’s stock, valued at approximately $61,000.

Other large investors also recently bought and sold shares of the company. Parallel Advisors LLC increased its position in BlackBerry by 216.2% in the first quarter. Parallel Advisors LLC now owns 7,156 shares of the company’s stock worth $27,000 after purchasing an additional 4,893 shares during the last quarter. Chicago Partners Investment Group LLC bought a new stake in BlackBerry in the first quarter worth $37,000. OneDigital Investment Advisors LLC bought a new stake in BlackBerry in the first quarter worth $40,000. Tobam bought a new stake in BlackBerry in the first quarter worth $86,000. Finally, Ballentine Partners LLC increased its position in BlackBerry by 35.4% in the first quarter. Ballentine Partners LLC now owns 23,339 shares of the company’s stock worth $88,000 after purchasing an additional 6,099 shares during the last quarter. Institutional investors own 54.48% of the company’s stock.

BlackBerry Trading Up 0.4%

NYSE BB opened at $4.29 on Thursday. The company’s 50-day moving average price is $3.85 and its 200-day moving average price is $3.88. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.27. The stock has a market cap of $2.53 billion, a PE ratio of -71.42 and a beta of 1.49. BlackBerry Limited has a 12 month low of $2.24 and a 12 month high of $6.24.

BlackBerry (NYSE:BB) last posted its quarterly earnings results on Tuesday, June 24th. The company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.03. The firm had revenue of $121.26 million for the quarter, compared to analysts’ expectations of $112.18 million. BlackBerry had a negative net margin of 6.44% and a positive return on equity of 2.29%. The business’s revenue for the quarter was down 15.5% on a year-over-year basis. During the same period in the prior year, the business posted ($0.03) earnings per share. Equities research analysts forecast that BlackBerry Limited will post -0.03 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on BB. Wall Street Zen cut shares of BlackBerry from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Canaccord Genuity Group boosted their price objective on shares of BlackBerry from $4.25 to $4.60 and gave the company a “hold” rating in a research report on Tuesday, June 24th. Royal Bank Of Canada set a $4.00 price objective on shares of BlackBerry and gave the company a “sector perform” rating in a research report on Monday. Robert W. Baird boosted their price objective on shares of BlackBerry from $4.00 to $5.00 and gave the company a “neutral” rating in a research report on Wednesday, June 25th. Finally, CIBC reiterated an “outperform” rating on shares of BlackBerry in a research report on Tuesday, June 24th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $4.60.

Insider Activity at BlackBerry

In other news, CEO John Joseph Giamatteo sold 26,998 shares of the company’s stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $4.32, for a total value of $116,631.36. Following the transaction, the chief executive officer directly owned 530,135 shares in the company, valued at approximately $2,290,183.20. This represents a 4.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold 42,200 shares of company stock valued at $182,385 in the last quarter. Corporate insiders own 0.37% of the company’s stock.

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.