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

BlackBerry Limited (NYSE:BB) insider Mattias Eriksson sold 12,680 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $4.00, for a total value of $50,720.00. Following the sale, the insider now 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 available 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 value of $53,268.00.

BlackBerry Stock Up 0.2 %

Shares of BB opened at $4.07 on Thursday. The firm has a market cap of $2.41 billion, a P/E ratio of -16.28 and a beta of 1.30. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.44 and a current ratio of 1.44. BlackBerry Limited has a 52 week low of $2.01 and a 52 week high of $4.35. The firm’s 50-day simple moving average is $2.89 and its 200 day simple moving average is $2.57.

BlackBerry (NYSE:BB) last posted its earnings results on Thursday, December 19th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.03. The company had revenue of $143.00 million for the quarter, compared to the consensus estimate of $144.84 million. BlackBerry had a negative return on equity of 3.38% and a negative net margin of 21.66%. The firm’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.01 earnings per share. On average, analysts forecast that BlackBerry Limited will post -0.06 earnings per share for the current year.

Analyst Ratings Changes

BB has been the subject of several analyst reports. TD Cowen raised shares of BlackBerry from a “hold” rating to a “buy” rating and raised their target price for the company from $3.25 to $4.00 in a research note on Friday, December 20th. TD Securities raised shares of BlackBerry from a “hold” rating to a “buy” rating and lifted their price objective for the company from $3.25 to $4.00 in a research report on Friday, December 20th. CIBC boosted their price objective on shares of BlackBerry from $3.50 to $3.60 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Canaccord Genuity Group raised their target price on shares of BlackBerry from $2.80 to $3.00 and gave the company a “hold” rating in a research note 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 given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $3.60.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. EP Wealth Advisors LLC acquired a new stake in shares of BlackBerry in the second quarter valued at approximately $28,000. Northwestern Mutual Wealth Management Co. increased its stake in BlackBerry by 83.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 11,769 shares of the company’s stock worth $29,000 after acquiring an additional 5,349 shares during the period. Quantinno Capital Management LP acquired a new position in BlackBerry in the 3rd quarter valued at $38,000. Signaturefd LLC lifted its position in shares of BlackBerry by 65.5% during the 3rd quarter. Signaturefd LLC now owns 22,898 shares of the company’s stock valued at $60,000 after acquiring an additional 9,063 shares during the period. Finally, Creative Planning grew its holdings in shares of BlackBerry by 40.8% during the 3rd quarter. Creative Planning now owns 36,551 shares of the company’s stock worth $96,000 after purchasing an additional 10,585 shares in the last quarter. Institutional investors own 54.48% of the company’s stock.

BlackBerry Company 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.