Skandinaviska Enskilda Banken AB publ Acquires 36,869 Shares of BlackBerry Limited (NYSE:BB)

Skandinaviska Enskilda Banken AB publ grew its holdings in shares of BlackBerry Limited (NYSE:BB) by 68.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 90,781 shares of the company’s stock after purchasing an additional 36,869 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in BlackBerry were worth $348,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Masso Torrence Wealth Management Inc. acquired a new position in BlackBerry in the 4th quarter valued at $38,000. Sanctuary Advisors LLC bought a new stake in BlackBerry during the fourth quarter valued at about $40,000. HighTower Advisors LLC bought a new position in shares of BlackBerry in the fourth quarter worth about $41,000. Bravias Capital Group LLC acquired a new position in shares of BlackBerry during the 4th quarter worth about $45,000. Finally, Palacios Wealth Management LLC bought a new stake in BlackBerry during the 4th quarter valued at approximately $50,000. 54.48% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO John Joseph Giamatteo sold 155,815 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $3.68, for a total transaction of $573,399.20. Following the transaction, the chief executive officer now owns 385,552 shares of the company’s stock, valued at $1,418,831.36. This represents a 28.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Mattias Eriksson sold 14,475 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were 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. In the last quarter, insiders have sold 244,221 shares of company stock worth $925,655. Corporate insiders own 0.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on BB. Robert W. Baird upped their price target on BlackBerry from $3.00 to $3.50 and gave the stock a “neutral” rating in a report on Friday, December 20th. TD Securities upgraded shares of BlackBerry from a “hold” rating to a “buy” rating and upped their target price for the company from $3.25 to $4.00 in a research note on Friday, December 20th. Canaccord Genuity Group raised their price target on shares of BlackBerry from $3.00 to $4.75 and gave the stock a “hold” rating in a research report on Tuesday, March 11th. TD Cowen raised shares of BlackBerry from a “hold” rating to a “buy” rating and upped their price objective for the company from $3.25 to $4.00 in a research report on Friday, December 20th. Finally, StockNews.com raised BlackBerry from a “sell” rating to a “hold” rating in a research report on Monday, December 9th. Six investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, BlackBerry has a consensus rating of “Moderate Buy” and a consensus price target of $3.91.

BlackBerry Stock Performance

NYSE:BB opened at $4.53 on Tuesday. The firm has a market capitalization of $2.70 billion, a PE ratio of -20.57 and a beta of 1.27. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.27. BlackBerry Limited has a 12-month low of $2.01 and a 12-month high of $6.24. The firm has a 50-day moving average price of $4.65 and a 200 day moving average price of $3.35.

BlackBerry (NYSE:BB) last posted its earnings results on Thursday, December 19th. The company reported $0.02 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 business had revenue of $143.00 million during the quarter, compared to the consensus estimate of $144.84 million. During the same quarter last year, the company earned $0.01 EPS. BlackBerry’s revenue was down 5.9% on a year-over-year basis. Research analysts anticipate 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.