BlackBerry Limited (NYSE:BB) Shares Purchased by GSA Capital Partners LLP

GSA Capital Partners LLP boosted its position in BlackBerry Limited (NYSE:BB) by 189.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 165,394 shares of the company’s stock after purchasing an additional 108,268 shares during the quarter. GSA Capital Partners LLP’s holdings in BlackBerry were worth $433,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the stock. Intact Investment Management Inc. raised its position in BlackBerry by 25.7% in the 3rd quarter. Intact Investment Management Inc. now owns 1,439,240 shares of the company’s stock valued at $3,789,000 after purchasing an additional 294,250 shares in the last quarter. Vanguard Group Inc. increased its position in BlackBerry by 0.8% during the first quarter. Vanguard Group Inc. now owns 19,505,300 shares of the company’s stock worth $53,835,000 after buying an additional 149,444 shares during the period. Cubist Systematic Strategies LLC increased its position in BlackBerry by 815.6% during the second quarter. Cubist Systematic Strategies LLC now owns 548,884 shares of the company’s stock worth $1,361,000 after buying an additional 488,934 shares during the period. CANADA LIFE ASSURANCE Co grew its stake in shares of BlackBerry by 132.4% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 6,069,593 shares of the company’s stock valued at $16,631,000 after purchasing an additional 3,458,275 shares during the last quarter. Finally, Virtu Financial LLC grew its stake in shares of BlackBerry by 911.4% in the 2nd quarter. Virtu Financial LLC now owns 371,166 shares of the company’s stock valued at $920,000 after purchasing an additional 334,466 shares during the last quarter. 54.48% of the stock is currently owned by hedge funds and other institutional investors.

BlackBerry Stock Down 1.5 %

Shares of BB opened at $2.32 on Thursday. The business’s 50 day simple moving average is $2.42 and its 200-day simple moving average is $2.49. BlackBerry Limited has a one year low of $2.01 and a one year high of $4.44. 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 company has a market capitalization of $1.37 billion, a P/E ratio of -9.26 and a beta of 1.42.

BlackBerry (NYSE:BB) last issued its earnings results on Thursday, September 26th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.02. BlackBerry had a negative net margin of 21.66% and a negative return on equity of 3.38%. The business had revenue of $145.00 million during the quarter, compared to the consensus estimate of $138.82 million. During the same period last year, the business posted ($0.06) EPS. BlackBerry’s revenue was up 9.8% on a year-over-year basis. As a group, sell-side analysts predict that BlackBerry Limited will post -0.06 EPS for the current fiscal year.

Insider Buying and Selling at BlackBerry

In other BlackBerry news, insider Philip S. Kurtz sold 15,005 shares of the stock in a transaction on Saturday, September 28th. The shares were sold at an average price of $2.53, for a total transaction of $37,962.65. Following the completion of the sale, the insider now owns 30,129 shares of the company’s stock, valued at $76,226.37. This represents a 33.25 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.34% of the company’s stock.

Analysts Set New Price Targets

BB has been the topic of a number of analyst reports. Canaccord Genuity Group lifted their price target on BlackBerry from $2.70 to $2.80 and gave the company a “hold” rating in a research note on Friday, October 18th. CIBC upped their target price on BlackBerry from $3.50 to $3.60 and gave the company an “outperform” rating in a research note on Thursday, October 17th. StockNews.com lowered BlackBerry from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $3.00 price target on shares of BlackBerry in a research report on Friday, September 27th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $3.23.

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.