BlackBerry Limited (NYSE:BB) CAO Jay P. Chai Sells 24,425 Shares of Stock

BlackBerry Limited (NYSE:BB) CAO Jay P. Chai sold 24,425 shares of the business’s stock in a transaction on Friday, January 24th. The shares were sold at an average price of $4.19, for a total transaction of $102,340.75. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

BlackBerry Price Performance

NYSE BB opened at $4.35 on Wednesday. The company has a market cap of $2.57 billion, a PE ratio of -19.75 and a beta of 1.30. BlackBerry Limited has a 52 week low of $2.01 and a 52 week high of $4.44. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.27. The firm’s 50-day simple moving average is $3.41 and its two-hundred day simple moving average is $2.75.

BlackBerry (NYSE:BB) last released its quarterly earnings data on Thursday, December 19th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.03. BlackBerry had a negative net margin of 21.16% and a negative return on equity of 2.02%. The business had revenue of $143.00 million for the quarter, compared to the consensus estimate of $144.84 million. During the same period in the prior year, the firm earned $0.01 earnings per share. The company’s revenue was down 5.9% compared to the same quarter last year. Research analysts predict that BlackBerry Limited will post -0.03 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. EP Wealth Advisors LLC bought a new position in BlackBerry during the second quarter valued at approximately $28,000. Northwestern Mutual Wealth Management Co. raised its position in shares of BlackBerry by 83.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 11,769 shares of the company’s stock worth $29,000 after purchasing an additional 5,349 shares during the last quarter. Quantinno Capital Management LP purchased a new position in shares of BlackBerry in the 3rd quarter worth about $38,000. Masso Torrence Wealth Management Inc. purchased a new position in shares of BlackBerry in the 4th quarter worth about $38,000. Finally, Signaturefd LLC raised its position in shares of BlackBerry by 65.5% in the 3rd quarter. Signaturefd LLC now owns 22,898 shares of the company’s stock worth $60,000 after purchasing an additional 9,063 shares during the last quarter. 54.48% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

BB has been the subject of a number of recent research reports. Canaccord Genuity Group boosted their price target 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. TD Securities raised shares of BlackBerry from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $3.25 to $4.00 in a report on Friday, December 20th. TD Cowen raised shares of BlackBerry from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $3.25 to $4.00 in a report on Friday, December 20th. Robert W. Baird lifted their price objective on shares of BlackBerry from $3.00 to $3.50 and gave the stock a “neutral” rating in a report on Friday, December 20th. Finally, CIBC lifted their price objective on shares of BlackBerry from $3.50 to $3.60 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Six research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $3.69.

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.