Triasima Portfolio Management inc. Acquires Shares of 19,500 BlackBerry Limited $BB

Triasima Portfolio Management inc. acquired a new stake in shares of BlackBerry Limited (NYSE:BB) during the second quarter, HoldingsChannel reports. The fund acquired 19,500 shares of the company’s stock, valued at approximately $89,000.

Other hedge funds have also added to or reduced their stakes in the company. Chicago Partners Investment Group LLC purchased a new position in BlackBerry during the 1st quarter valued at $37,000. OneDigital Investment Advisors LLC purchased a new position in BlackBerry during the 1st quarter valued at $40,000. LeConte Wealth Management LLC purchased a new position in BlackBerry during the 2nd quarter valued at $61,000. Tobam purchased a new position in BlackBerry during the 1st quarter valued at $86,000. Finally, Ballentine Partners LLC increased its position in BlackBerry by 35.4% during the 1st quarter. Ballentine Partners LLC now owns 23,339 shares of the company’s stock valued at $88,000 after purchasing an additional 6,099 shares during the period. 54.48% of the stock is owned by hedge funds and other institutional investors.

BlackBerry Stock Performance

Shares of BB stock opened at $4.76 on Thursday. BlackBerry Limited has a one year low of $2.24 and a one year high of $6.24. The company’s 50-day moving average is $4.02 and its 200 day moving average is $3.90. The company has a market capitalization of $2.81 billion, a price-to-earnings ratio of -476.00 and a beta of 1.51. 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 announced its quarterly earnings data on Thursday, September 25th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.01 by $0.03. The company had revenue of $130.96 million for the quarter, compared to the consensus estimate of $122.03 million. BlackBerry had a negative net margin of 0.60% and a positive return on equity of 6.07%. 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. Sell-side analysts expect that BlackBerry Limited will post -0.03 EPS for the current fiscal year.

Analyst Ratings Changes

BB has been the topic of a number of research analyst reports. Canaccord Genuity Group reissued a “hold” rating and set a $4.60 price objective on shares of BlackBerry in a research report on Friday, September 26th. Robert W. Baird upped their target price on shares of BlackBerry from $5.00 to $5.50 and gave the stock a “neutral” rating in a research report on Friday, September 26th. CIBC reaffirmed an “outperform” rating on shares of BlackBerry in a research report on Tuesday, June 24th. TD Cowen reaffirmed a “hold” rating and issued a $5.00 target price on shares of BlackBerry in a research report on Friday, October 3rd. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of BlackBerry in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, BlackBerry has a consensus rating of “Hold” and an average target price of $5.10.

Insider Activity

In other news, CEO John Joseph Giamatteo sold 28,343 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $4.62, for a total transaction of $130,944.66. Following the sale, the chief executive officer 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Philip S. Kurtz sold 44,178 shares of the firm’s stock in a transaction dated Sunday, September 28th. The shares were sold at an average price of $4.95, for a total transaction of $218,681.10. Following 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 88,565 shares of company stock valued at $423,706 in the last 90 days. 0.37% of the stock is currently owned by insiders.

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.