Hsbc Holdings PLC trimmed its position in BlackBerry Limited (NYSE:BB – Free Report) by 27.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,372,571 shares of the company’s stock after selling 517,452 shares during the quarter. Hsbc Holdings PLC’s holdings in BlackBerry were worth $4,427,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of BlackBerry by 1,390.6% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,589,886 shares of the company’s stock worth $71,397,000 after buying an additional 14,544,005 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of BlackBerry by 34.4% in the 4th quarter. First Trust Advisors LP now owns 24,991,652 shares of the company’s stock valued at $94,718,000 after buying an additional 6,399,502 shares during the period. Bank of America Corp DE grew its position in shares of BlackBerry by 183.6% during the 2nd quarter. Bank of America Corp DE now owns 4,604,205 shares of the company’s stock valued at $21,087,000 after buying an additional 2,980,732 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of BlackBerry by 368.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,078,600 shares of the company’s stock valued at $15,027,000 after buying an additional 2,421,578 shares during the last quarter. Finally, Balyasny Asset Management L.P. raised its stake in BlackBerry by 2,235.2% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,737,951 shares of the company’s stock worth $6,587,000 after acquiring an additional 1,663,527 shares during the period. 54.48% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities analysts have commented on the company. Raymond James Financial lifted their target price on BlackBerry from $4.75 to $9.50 and gave the company a “market perform” rating in a research note on Friday, June 26th. Royal Bank Of Canada raised their price target on BlackBerry from $4.50 to $9.00 and gave the stock a “sector perform” rating in a report on Friday, June 26th. Canadian Imperial Bank of Commerce boosted their price objective on BlackBerry from $10.00 to $13.00 and gave the company an “outperformer” rating in a research report on Friday, June 26th. Stifel Nicolaus initiated coverage on BlackBerry in a research note on Wednesday, June 24th. They issued a “buy” rating and a $12.00 target price on the stock. Finally, Zacks Research raised shares of BlackBerry from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, BlackBerry currently has a consensus rating of “Hold” and an average target price of $8.92.
BlackBerry Price Performance
Shares of NYSE BB opened at $8.54 on Friday. BlackBerry Limited has a twelve month low of $3.12 and a twelve month high of $13.59. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.26. The firm has a 50-day moving average of $9.50 and a two-hundred day moving average of $5.92. The company has a market capitalization of $5.00 billion, a price-to-earnings ratio of 94.84 and a beta of 2.20.
BlackBerry (NYSE:BB – Get Free Report) last announced its earnings results on Thursday, June 25th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.03 by $0.01. The business had revenue of $152.90 million during the quarter, compared to the consensus estimate of $136.10 million. BlackBerry had a return on equity of 11.66% and a net margin of 10.31%.BlackBerry’s revenue was up 25.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.02 earnings per share. BlackBerry has set its FY 2027 guidance at 0.160-0.200 EPS and its Q2 2027 guidance at 0.030-0.040 EPS. As a group, analysts expect that BlackBerry Limited will post 0.13 earnings per share for the current fiscal year.
Insider Activity at BlackBerry
In related news, CFO Tim Foote sold 25,878 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $12.39, for a total transaction of $320,628.42. Following the transaction, the chief financial officer owned 58,372 shares of the company’s stock, valued at approximately $723,229.08. This trade represents a 30.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jennifer Armstrong-Owen sold 3,296 shares of the firm’s stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $10.92, for a total value of $35,992.32. Following the transaction, the senior vice president owned 106,091 shares in the company, valued at approximately $1,158,513.72. This trade represents a 3.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 355,858 shares of company stock worth $4,012,270 in the last 90 days. 0.51% of the stock is owned by corporate insiders.
BlackBerry Company Profile
BlackBerry Limited, formerly known as Research In Motion (RIM), is a Canadian enterprise software and cybersecurity company based in Waterloo, Ontario. Since its founding in 1984, the firm has evolved from a pioneer in mobile devices into a specialist in secure communications, endpoint management, and embedded systems software. BlackBerry’s core mission today centers on delivering security-first solutions that protect critical data and infrastructure across diverse industries.
At the heart of BlackBerry’s offerings is the BlackBerry Spark® platform, which combines unified endpoint management (UEM), secure communications, and artificial intelligence–driven threat detection into a single framework.
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