BlackBerry Limited (NYSE:BB) Insider Mattias Eriksson Sells 12,680 Shares

BlackBerry Limited (NYSE:BB) insider Mattias Eriksson sold 12,680 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $4.00, for a total transaction of $50,720.00. Following the sale, the insider now owns 278,306 shares of the company’s stock, valued at $1,113,224. This trade represents a 4.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Mattias Eriksson also recently made the following trade(s):

• On Thursday, January 2nd, Mattias Eriksson sold 14,475 shares of BlackBerry stock. The shares were sold at an average price of $3.68, for a total value of $53,268.00.

BlackBerry Trading Up 0.2 %

BB traded up $0.01 during mid-day trading on Wednesday, reaching $4.07. The stock had a trading volume of 22,024,251 shares, compared to its average volume of 21,382,383. The stock has a market capitalization of $2.41 billion, a P/E ratio of -16.28 and a beta of 1.30. BlackBerry Limited has a 52 week low of $2.01 and a 52 week high of $4.35. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.44 and a current ratio of 1.44. The firm’s fifty day simple moving average is $2.89 and its two-hundred day simple moving average is $2.57.

BlackBerry (NYSE:BB) last announced its quarterly earnings data on Thursday, December 19th. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.03. BlackBerry had a negative net margin of 21.66% and a negative return on equity of 3.38%. The business had revenue of $143.00 million for the quarter, compared to analyst estimates of $144.84 million. During the same period in the prior year, the business posted $0.01 earnings per share. BlackBerry’s revenue was down 5.9% compared to the same quarter last year. On average, equities analysts predict that BlackBerry Limited will post -0.06 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Canaccord Genuity Group upped their price target on BlackBerry from $2.80 to $3.00 and gave the stock a “hold” rating in a report on Friday, December 20th. StockNews.com upgraded shares of BlackBerry from a “sell” rating to a “hold” rating in a report on Monday, December 9th. TD Cowen upgraded BlackBerry from a “hold” rating to a “buy” rating and boosted their price objective for the company from $3.25 to $4.00 in a research report on Friday, December 20th. Robert W. Baird increased their price target on shares of BlackBerry from $3.00 to $3.50 and gave the stock a “neutral” rating in a research report on Friday, December 20th. Finally, Royal Bank of Canada upped their target price on shares of BlackBerry from $3.00 to $3.25 and gave the stock a “sector perform” rating in a report on Tuesday, December 17th. Six equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $3.60.

Institutional Trading of BlackBerry

A number of hedge funds have recently modified their holdings of the company. Barclays PLC boosted its position in shares of BlackBerry by 60.2% during the third quarter. Barclays PLC now owns 249,218 shares of the company’s stock worth $652,000 after purchasing an additional 93,651 shares in the last quarter. Toronto Dominion Bank raised its stake in BlackBerry by 5.3% during the 3rd quarter. Toronto Dominion Bank now owns 718,314 shares of the company’s stock worth $1,882,000 after buying an additional 36,372 shares during the period. Geode Capital Management LLC lifted its holdings in BlackBerry by 2.9% during the third quarter. Geode Capital Management LLC now owns 267,073 shares of the company’s stock worth $706,000 after acquiring an additional 7,652 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in BlackBerry in the third quarter valued at about $410,000. Finally, Orion Portfolio Solutions LLC increased its holdings in shares of BlackBerry by 121.1% in the third quarter. Orion Portfolio Solutions LLC now owns 37,916 shares of the company’s stock worth $99,000 after acquiring an additional 20,771 shares in the last quarter. 54.48% of the stock is currently owned by institutional investors and hedge funds.

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.