Insider Selling: BlackBerry Limited (NYSE:BB) Insider Sells $50,720.00 in Stock

BlackBerry Limited (NYSE:BB) insider Mattias Eriksson sold 12,680 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $4.00, for a total value 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. The trade was a 4.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

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

BlackBerry Stock Performance

Shares of BlackBerry stock opened at $4.05 on Friday. The business has a 50-day simple moving average of $2.96 and a 200 day simple moving average of $2.59. BlackBerry Limited has a one year low of $2.01 and a one year high of $4.35. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.44 and a quick ratio of 1.44. The firm has a market capitalization of $2.40 billion, a price-to-earnings ratio of -16.20 and a beta of 1.30.

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 return on equity of 3.38% and a negative net margin of 21.66%. The firm had revenue of $143.00 million during the quarter, compared to the consensus estimate of $144.84 million. During the same quarter in the previous year, the company posted $0.01 earnings per share. The company’s quarterly revenue was down 5.9% on a year-over-year basis. On average, research analysts anticipate that BlackBerry Limited will post -0.06 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BB. EP Wealth Advisors LLC acquired a new position in shares of BlackBerry during the second quarter valued at about $28,000. Northwestern Mutual Wealth Management Co. boosted 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 valued at $29,000 after purchasing an additional 5,349 shares during the last quarter. Quantinno Capital Management LP acquired a new position in BlackBerry during the 3rd quarter valued at about $38,000. Signaturefd LLC raised its stake in shares of BlackBerry by 65.5% in the third 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. Finally, Creative Planning lifted its holdings in shares of BlackBerry by 40.8% in the third quarter. Creative Planning now owns 36,551 shares of the company’s stock valued at $96,000 after purchasing an additional 10,585 shares in the last quarter. Institutional investors and hedge funds own 54.48% of the company’s stock.

Wall Street Analyst Weigh In

BB has been the topic of a number of recent analyst reports. Royal Bank of Canada lifted their price objective on BlackBerry from $3.25 to $4.00 and gave the stock a “sector perform” rating in a research note on Friday. StockNews.com raised shares of BlackBerry from a “sell” rating to a “hold” rating in a research note on Monday, December 9th. CIBC upped their price target on shares of BlackBerry from $3.50 to $3.60 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Canaccord Genuity Group lifted their price objective on BlackBerry from $2.80 to $3.00 and gave the stock a “hold” rating in a research report on Friday, December 20th. Finally, TD Securities upgraded BlackBerry from a “hold” rating to a “buy” rating and upped their target price for the company from $3.25 to $4.00 in a research report on Friday, December 20th. Six equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $3.69.

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.