Mattias Eriksson Sells 12,680 Shares of BlackBerry Limited (NYSE:BB) Stock

BlackBerry Limited (NYSE:BB) insider Mattias Eriksson sold 12,680 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $4.00, for a total value of $50,720.00. Following the transaction, the insider now directly owns 278,306 shares in the company, valued at $1,113,224. The trade was a 4.36 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Mattias Eriksson also recently made the following trade(s):

• On Thursday, January 2nd, Mattias Eriksson sold 14,475 shares of BlackBerry stock. The stock was sold at an average price of $3.68, for a total transaction of $53,268.00.

BlackBerry Trading Up 0.2 %

BlackBerry stock opened at $4.07 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.44 and a current ratio of 1.44. The stock has a market cap of $2.41 billion, a PE ratio of -16.28 and a beta of 1.30. The stock has a 50-day moving average of $2.92 and a two-hundred day moving average of $2.58. BlackBerry Limited has a one year low of $2.01 and a one year high of $4.35.

BlackBerry (NYSE:BB) last released its earnings results on Thursday, December 19th. The company reported $0.02 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 revenue for the quarter was down 5.9% on a year-over-year basis. During the same period last year, the business earned $0.01 EPS. On average, research analysts anticipate that BlackBerry Limited will post -0.06 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on BB. Robert W. Baird boosted their price target on shares of BlackBerry from $3.00 to $3.50 and gave the company a “neutral” rating in a report on Friday, December 20th. Royal Bank of Canada boosted their price objective on shares of BlackBerry from $3.00 to $3.25 and gave the stock a “sector perform” rating in a research note on Tuesday, December 17th. TD Cowen raised BlackBerry from a “hold” rating to a “buy” rating and increased their target price for the company from $3.25 to $4.00 in a research report on Friday, December 20th. Canaccord Genuity Group upped their price objective on BlackBerry from $2.80 to $3.00 and gave the stock a “hold” rating in a research note on Friday, December 20th. Finally, TD Securities upgraded BlackBerry from a “hold” rating to a “buy” rating and lifted their target price for the company from $3.25 to $4.00 in a research note on Friday, December 20th. Six analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $3.60.

Hedge Funds Weigh In On BlackBerry

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. EP Wealth Advisors LLC acquired a new position in shares of BlackBerry in the second quarter valued at about $28,000. Northwestern Mutual Wealth Management Co. boosted its position in BlackBerry by 83.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 11,769 shares of the company’s stock valued at $29,000 after buying an additional 5,349 shares during the last quarter. Quantinno Capital Management LP acquired a new position in BlackBerry in the 3rd quarter worth approximately $38,000. Signaturefd LLC raised its position in BlackBerry by 65.5% during the 3rd quarter. Signaturefd LLC now owns 22,898 shares of the company’s stock worth $60,000 after buying an additional 9,063 shares during the last quarter. Finally, Creative Planning lifted its stake in BlackBerry by 40.8% during the 3rd quarter. Creative Planning now owns 36,551 shares of the company’s stock valued at $96,000 after acquiring an additional 10,585 shares during the period. Hedge funds and other institutional investors own 54.48% of the company’s stock.

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.