Headlands Technologies LLC Invests $58,000 in BlackBerry Limited (NYSE:BB)

Headlands Technologies LLC purchased a new position in BlackBerry Limited (NYSE:BB) during the fourth quarter, HoldingsChannel reports. The fund purchased 16,389 shares of the company’s stock, valued at approximately $58,000.

Other hedge funds have also recently bought and sold shares of the company. Highlander Capital Management LLC grew its holdings in BlackBerry by 77.8% in the fourth quarter. Highlander Capital Management LLC now owns 8,000 shares of the company’s stock valued at $28,000 after purchasing an additional 3,500 shares during the last quarter. Duality Advisers LP boosted its position in shares of BlackBerry by 4.1% in the 4th quarter. Duality Advisers LP now owns 97,086 shares of the company’s stock worth $344,000 after buying an additional 3,837 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in BlackBerry by 6.4% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 65,535 shares of the company’s stock valued at $232,000 after acquiring an additional 3,958 shares during the last quarter. Rathbones Group PLC grew its stake in BlackBerry by 52.0% in the 3rd quarter. Rathbones Group PLC now owns 15,196 shares of the company’s stock valued at $72,000 after acquiring an additional 5,196 shares during the last quarter. Finally, Optiver Holding B.V. purchased a new position in BlackBerry during the 3rd quarter valued at about $25,000. 54.48% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Philip G. Brace acquired 35,000 shares of the company’s stock in a transaction dated Wednesday, February 14th. The stock was bought at an average price of $2.79 per share, with a total value of $97,650.00. Following the purchase, the director now directly owns 35,000 shares in the company, valued at approximately $97,650. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.94% of the stock is owned by corporate insiders.

BlackBerry Stock Performance

Shares of NYSE BB opened at $2.84 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43. BlackBerry Limited has a 1 year low of $2.46 and a 1 year high of $5.75. The firm’s 50 day moving average price is $2.80 and its 200 day moving average price is $3.23.

BlackBerry (NYSE:BB) last issued its quarterly earnings results on Wednesday, April 3rd. The company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.06. The company had revenue of $173.00 million for the quarter, compared to analyst estimates of $150.47 million. BlackBerry had a negative return on equity of 0.24% and a negative net margin of 15.24%. The business’s revenue for the quarter was up 14.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.04) EPS. Equities analysts forecast that BlackBerry Limited will post -0.09 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on BB. CIBC reduced their price target on shares of BlackBerry from $4.25 to $3.50 and set a “neutral” rating on the stock in a report on Wednesday, February 14th. Robert W. Baird reduced their target price on BlackBerry from $4.50 to $3.50 and set a “neutral” rating on the stock in a research note on Wednesday, February 14th. StockNews.com cut BlackBerry from a “hold” rating to a “sell” rating in a report on Wednesday, February 21st. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $3.00 price target on shares of BlackBerry in a report on Thursday, April 4th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $4.08.

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.