10,000 Shares in BlackBerry Limited (NYSE:BB) Purchased by Masso Torrence Wealth Management Inc.

Masso Torrence Wealth Management Inc. purchased a new stake in BlackBerry Limited (NYSE:BB) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 10,000 shares of the company’s stock, valued at approximately $38,000.

A number of other large investors have also recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. raised its position in BlackBerry by 83.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 11,769 shares of the company’s stock valued at $29,000 after purchasing an additional 5,349 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of BlackBerry by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 267,073 shares of the company’s stock valued at $706,000 after buying an additional 7,652 shares in the last quarter. International Assets Investment Management LLC lifted its position in BlackBerry by 60.7% in the 3rd quarter. International Assets Investment Management LLC now owns 20,769 shares of the company’s stock worth $540,000 after buying an additional 7,842 shares during the last quarter. Signaturefd LLC boosted its stake in BlackBerry by 65.5% in the third quarter. Signaturefd LLC now owns 22,898 shares of the company’s stock worth $60,000 after buying an additional 9,063 shares in the last quarter. Finally, Creative Planning grew its position in BlackBerry by 40.8% during the third quarter. Creative Planning now owns 36,551 shares of the company’s stock valued at $96,000 after acquiring an additional 10,585 shares during the last quarter. Institutional investors own 54.48% of the company’s stock.

Analyst Ratings Changes

BB has been the subject of several recent research reports. StockNews.com raised shares of BlackBerry from a “sell” rating to a “hold” rating in a research note on Monday, December 9th. Robert W. Baird boosted their target price on BlackBerry from $3.00 to $3.50 and gave the company a “neutral” rating in a research note on Friday, December 20th. CIBC raised their price target on BlackBerry from $3.50 to $3.60 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. Canaccord Genuity Group boosted their price objective on BlackBerry from $2.80 to $3.00 and gave the company a “hold” rating in a research report on Friday, December 20th. Finally, TD Cowen raised BlackBerry from a “hold” rating to a “buy” rating and increased their price objective for the company from $3.25 to $4.00 in a research note on Friday, December 20th. Six research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, BlackBerry has an average rating of “Moderate Buy” and an average target price of $3.69.

Insider Buying and Selling at BlackBerry

In other news, CAO Jay P. Chai sold 24,425 shares of the business’s stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $4.19, for a total value of $102,340.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO John Joseph Giamatteo sold 155,815 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $3.68, for a total value of $573,399.20. Following the transaction, the chief executive officer now directly owns 385,552 shares of the company’s stock, valued at approximately $1,418,831.36. This trade represents a 28.78 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 244,221 shares of company stock valued at $925,655. 0.34% of the stock is currently owned by company insiders.

BlackBerry Price Performance

BB stock opened at $4.31 on Wednesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.37 and a quick ratio of 1.37. BlackBerry Limited has a 1 year low of $2.01 and a 1 year high of $4.43. The firm has a 50-day moving average of $3.41 and a 200 day moving average of $2.75. The company has a market cap of $2.55 billion, a P/E ratio of -19.67 and a beta of 1.30.

BlackBerry (NYSE:BB) last announced its earnings results on Thursday, December 19th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.03. BlackBerry had a negative return on equity of 2.02% and a negative net margin of 21.16%. The firm had revenue of $143.00 million during the quarter, compared to analyst estimates of $144.84 million. During the same quarter in the prior year, the company earned $0.01 EPS. The business’s revenue was down 5.9% compared to the same quarter last year. On average, sell-side analysts forecast that BlackBerry Limited will post -0.03 EPS for the current year.

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.