Global Strategic Investment Solutions LLC Makes New $76,000 Investment in BlackBerry Limited (NYSE:BB)

Global Strategic Investment Solutions LLC acquired a new position in shares of BlackBerry Limited (NYSE:BB) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 20,000 shares of the company’s stock, valued at approximately $76,000.

A number of other large investors also recently bought and sold shares of the company. Bravias Capital Group LLC purchased a new position in BlackBerry during the 4th quarter worth $45,000. SBI Securities Co. Ltd. acquired a new position in shares of BlackBerry during the 4th quarter worth $97,000. Thompson Davis & CO. Inc. acquired a new position in shares of BlackBerry during the 4th quarter worth $641,000. Alberta Investment Management Corp grew its stake in shares of BlackBerry by 60.5% during the 4th quarter. Alberta Investment Management Corp now owns 644,900 shares of the company’s stock worth $2,448,000 after purchasing an additional 243,000 shares during the period. Finally, CIBC Asset Management Inc grew its stake in shares of BlackBerry by 1.3% during the 4th quarter. CIBC Asset Management Inc now owns 709,720 shares of the company’s stock worth $2,690,000 after purchasing an additional 8,787 shares during the period. Hedge funds and other institutional investors own 54.48% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on BB shares. Royal Bank of Canada upped their price target on shares of BlackBerry from $3.25 to $4.00 and gave the stock a “sector perform” rating in a research note on Friday, January 10th. Robert W. Baird upped their price target on shares of BlackBerry from $3.00 to $3.50 and gave the stock a “neutral” rating in a research note on Friday, December 20th. StockNews.com raised shares of BlackBerry from a “sell” rating to a “hold” rating in a research note on Monday, December 9th. Canaccord Genuity Group upped their price target on shares of BlackBerry from $2.80 to $3.00 and gave the stock a “hold” rating in a research note on Friday, December 20th. Finally, TD Cowen raised shares of 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 assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, BlackBerry presently has a consensus rating of “Moderate Buy” and an average price target of $3.69.

Insiders Place Their Bets

In other news, CAO Jay P. Chai sold 24,425 shares of the stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $4.19, for a total transaction of $102,340.75. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Mattias Eriksson sold 14,475 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $3.68, for a total transaction of $53,268.00. Following the transaction, the insider now owns 238,838 shares in the company, valued at approximately $878,923.84. The trade was a 5.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 244,221 shares of company stock valued at $925,655 in the last ninety days. Insiders own 0.34% of the company’s stock.

BlackBerry Price Performance

Shares of NYSE BB opened at $4.38 on Tuesday. BlackBerry Limited has a 52 week low of $2.01 and a 52 week high of $6.24. The stock has a market cap of $2.61 billion, a price-to-earnings ratio of -19.91 and a beta of 1.31. The company’s 50-day moving average price is $4.54 and its 200 day moving average price is $3.21. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.27.

BlackBerry (NYSE:BB) last released its quarterly 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 net margin of 21.16% and a negative return on equity of 2.02%. The company had revenue of $143.00 million for the quarter, compared to analysts’ expectations of $144.84 million. During the same period last year, the company earned $0.01 EPS. The firm’s revenue for the quarter was down 5.9% compared to the same quarter last year. As a group, research analysts forecast that BlackBerry Limited will post -0.03 earnings per share for the current fiscal 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.