V2 Financial group LLC Decreases Stake in BlackBerry Limited (NYSE:BB)

V2 Financial group LLC lessened its position in shares of BlackBerry Limited (NYSE:BB) by 10.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,200 shares of the company’s stock after selling 3,000 shares during the period. V2 Financial group LLC’s holdings in BlackBerry were worth $95,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Masso Torrence Wealth Management Inc. acquired a new position in shares of BlackBerry during the fourth quarter worth $38,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of 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 in the last quarter. Quantinno Capital Management LP acquired a new position in shares of BlackBerry during the 3rd quarter worth about $38,000. Ballentine Partners LLC purchased a new position in shares of BlackBerry in the 4th quarter valued at about $65,000. Finally, International Assets Investment Management LLC raised its position in shares of BlackBerry by 60.7% during the 3rd quarter. International Assets Investment Management LLC now owns 20,769 shares of the company’s stock worth $540,000 after acquiring an additional 7,842 shares in the last quarter. 54.48% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at BlackBerry

In related news, insider Mattias Eriksson sold 14,475 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $3.68, for a total value of $53,268.00. Following the completion of the sale, the insider now owns 238,838 shares in the company, valued at $878,923.84. This trade represents a 5.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO John Joseph Giamatteo sold 29,402 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $4.00, for a total value of $117,608.00. Following the transaction, the chief executive officer now owns 490,761 shares in the company, valued at $1,963,044. The trade was a 5.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 244,221 shares of company stock worth $925,655 in the last three months. Insiders own 0.34% of the company’s stock.

BlackBerry Price Performance

Shares of BB opened at $5.25 on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.37 and a current ratio of 1.37. BlackBerry Limited has a fifty-two week low of $2.01 and a fifty-two week high of $5.34. The firm has a 50-day simple moving average of $3.77 and a 200-day simple moving average of $2.87. The company has a market capitalization of $3.10 billion, a price-to-earnings ratio of -23.84 and a beta of 1.31.

BlackBerry (NYSE:BB) last posted its quarterly earnings data on Thursday, December 19th. The company reported $0.02 earnings per share 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 return on equity of 2.02% and a negative net margin of 21.16%. The firm’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same period last year, the firm earned $0.01 EPS. On average, equities research analysts anticipate that BlackBerry Limited will post -0.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BB has been the subject of a number of research analyst reports. TD Cowen raised BlackBerry from a “hold” rating to a “buy” rating and upped their price target for the company from $3.25 to $4.00 in a report on Friday, December 20th. StockNews.com upgraded shares of BlackBerry from a “sell” rating to a “hold” rating in a report on Monday, December 9th. Royal Bank of Canada lifted their price target on shares of BlackBerry from $3.25 to $4.00 and gave the stock a “sector perform” rating in a research note on Friday, January 10th. Robert W. Baird upped their price objective on shares of BlackBerry from $3.00 to $3.50 and gave the company a “neutral” rating in a research note on Friday, December 20th. Finally, Canaccord Genuity Group lifted their target price on BlackBerry from $2.80 to $3.00 and gave the stock a “hold” rating in a research report on Friday, December 20th. Six investment 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 company. According to MarketBeat, BlackBerry currently has an average rating of “Moderate Buy” and a consensus price target 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.