BlackBerry Limited (NYSE:BB) Shares Sold by Headlands Technologies LLC

Headlands Technologies LLC cut its stake in BlackBerry Limited (NYSE:BB) by 48.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 129,101 shares of the company’s stock after selling 121,033 shares during the period. Headlands Technologies LLC’s holdings in BlackBerry were worth $488,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Quantinno Capital Management LP purchased a new position in shares of BlackBerry in the third quarter worth $38,000. Masso Torrence Wealth Management Inc. acquired a new position in shares of BlackBerry in the 4th quarter valued at $38,000. Mindset Wealth Management LLC purchased a new position in BlackBerry in the 4th quarter worth $38,000. Sanctuary Advisors LLC acquired a new stake in BlackBerry during the 4th quarter worth about $40,000. Finally, HighTower Advisors LLC purchased a new stake in BlackBerry during the 4th quarter valued at about $41,000. Hedge funds and other institutional investors own 54.48% of the company’s stock.

Insiders Place Their Bets

In other BlackBerry news, CEO John Joseph Giamatteo sold 29,402 shares of BlackBerry stock in a transaction on Monday, January 6th. The shares were sold at an average price of $4.00, for a total transaction of $117,608.00. Following the sale, the chief executive officer now owns 490,761 shares of the company’s stock, valued at $1,963,044. The trade was a 5.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Mattias Eriksson sold 12,680 shares of the 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 completion of 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 disclosure for this sale can be found here. In the last three months, insiders sold 71,388 shares of company stock worth $288,882. Corporate insiders own 0.34% of the company’s stock.

BlackBerry Trading Down 7.2 %

Shares of BlackBerry stock opened at $3.15 on Friday. The firm has a 50-day simple moving average of $4.65 and a two-hundred day simple moving average of $3.50. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.37 and a current ratio of 1.37. BlackBerry Limited has a fifty-two week low of $2.01 and a fifty-two week high of $6.24. The company has a market cap of $1.88 billion, a P/E ratio of -14.30 and a beta of 1.30.

BlackBerry (NYSE:BB) last released its quarterly earnings results on Wednesday, April 2nd. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. The firm had revenue of $141.70 million for the quarter, compared to analysts’ expectations of $137.56 million. BlackBerry had a negative net margin of 21.16% and a negative return on equity of 2.02%. The firm’s revenue for the quarter was down 7.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.03 EPS. As a group, equities analysts predict that BlackBerry Limited will post -0.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on BB. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $4.00 target price on shares of BlackBerry in a report on Tuesday. CIBC decreased their price objective on shares of BlackBerry from $7.00 to $6.00 and set an “outperformer” rating for the company in a research note on Thursday. Robert W. Baird increased their price objective 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 cut shares of BlackBerry from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, TD Securities raised BlackBerry from a “hold” rating to a “buy” rating and increased their price target for the stock from $3.25 to $4.00 in a research report on Friday, December 20th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, BlackBerry has an average rating of “Hold” and an average target price of $4.15.

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.