BlackBerry Limited (NYSE:BB) Insider Sells $50,720.00 in Stock

BlackBerry Limited (NYSE:BB) insider Mattias Eriksson sold 12,680 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was 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 in the company, valued at approximately $1,113,224. The trade was a 4.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 Stock Performance

Shares of BB stock traded up $0.01 during trading on Wednesday, reaching $4.07. 22,024,251 shares of the company’s stock were exchanged, compared to its average volume of 21,382,383. BlackBerry Limited has a twelve month low of $2.01 and a twelve month high of $4.35. The firm’s fifty day moving average price is $2.89 and its 200-day moving average price is $2.57. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $2.41 billion, a PE ratio of -16.28 and a beta of 1.30.

BlackBerry (NYSE:BB) last posted its earnings results on Thursday, December 19th. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.03. The company had revenue of $143.00 million during the quarter, compared to analysts’ expectations of $144.84 million. BlackBerry had a negative net margin of 21.66% and a negative return on equity of 3.38%. BlackBerry’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.01 EPS. As a group, sell-side analysts anticipate that BlackBerry Limited will post -0.06 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. TD Asset Management Inc increased its stake in BlackBerry by 1.4% during the 2nd quarter. TD Asset Management Inc now owns 1,496,185 shares of the company’s stock worth $3,740,000 after acquiring an additional 21,259 shares during the period. Headlands Technologies LLC boosted its position in shares of BlackBerry by 141.4% during the 2nd quarter. Headlands Technologies LLC now owns 806,729 shares of the company’s stock worth $2,001,000 after acquiring an additional 472,577 shares in the last quarter. Virtu Financial LLC raised its position in BlackBerry by 911.4% during the second quarter. Virtu Financial LLC now owns 371,166 shares of the company’s stock valued at $920,000 after purchasing an additional 334,466 shares in the last quarter. Marathon Trading Investment Management LLC bought a new stake in BlackBerry during the second quarter worth $169,000. Finally, XTX Topco Ltd bought a new position in shares of BlackBerry in the 2nd quarter valued at $396,000. Institutional investors own 54.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on BB. TD Cowen upgraded BlackBerry from a “hold” rating to a “buy” rating and increased their price objective for the stock from $3.25 to $4.00 in a report on Friday, December 20th. StockNews.com raised shares of BlackBerry from a “sell” rating to a “hold” rating in a research report on Monday, December 9th. TD Securities raised shares of BlackBerry from a “hold” rating to a “buy” rating and raised their target price for the company from $3.25 to $4.00 in a research report on Friday, December 20th. Robert W. Baird boosted 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 raised their price objective on BlackBerry from $3.00 to $3.25 and gave the company a “sector perform” rating in a report on Tuesday, December 17th. Six investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, BlackBerry has a consensus rating of “Moderate Buy” and a consensus price target of $3.60.

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.