BlackBerry Limited $BB Shares Newly Purchased by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. bought a new stake in BlackBerry Limited (NYSE:BB) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 90,000 shares of the company’s stock, valued at approximately $814,000.

Several other institutional investors have also recently bought and sold shares of BB. Loftus Peak Pty Ltd acquired a new position in BlackBerry in the 3rd quarter worth about $16,158,000. The Manufacturers Life Insurance Company boosted its stake in shares of BlackBerry by 8.3% during the second quarter. The Manufacturers Life Insurance Company now owns 529,295 shares of the company’s stock valued at $6,673,000 after purchasing an additional 40,350 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of BlackBerry during the second quarter valued at about $31,000. Nykredit A S acquired a new position in shares of BlackBerry in the second quarter valued at approximately $111,000. Finally, Amundi acquired a new position in shares of BlackBerry in the second quarter valued at approximately $1,086,000. Institutional investors and hedge funds own 54.48% of the company’s stock.

Insider Buying and Selling

In related news, CEO John Giamatteo sold 27,004 shares of the business’s stock in a transaction dated Friday, October 9th. The shares were sold at an average price of $8.36, for a total transaction of $225,753.44. Following the transaction, the chief executive officer directly owned 792,494 shares in the company, valued at approximately $6,625,249.84. The trade was a 3.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Tim Foote sold 8,441 shares of the company’s stock in a transaction dated Friday, October 9th. The stock was sold at an average price of $8.36, for a total transaction of $70,566.76. Following the completion of the sale, the chief financial officer directly owned 71,616 shares of the company’s stock, valued at $598,709.76. The trade was a 10.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 134,433 shares of company stock valued at $1,196,595 over the last 90 days. 0.51% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on BB. Canaccord Genuity Group cut their price target on shares of BlackBerry from $10.30 to $9.50 and set a “hold” rating on the stock in a report on Friday, September 25th. Stifel Nicolaus assumed coverage on BlackBerry in a report on Wednesday, June 24th. They issued a “buy” rating and a $12.00 price objective for the company. TD Securities reaffirmed a “hold” rating and set a $8.00 target price on shares of BlackBerry in a research report on Friday, June 26th. Zacks Research downgraded BlackBerry from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 25th. Finally, Canadian Imperial Bank of Commerce upped their price target on BlackBerry from $10.00 to $13.00 and gave the company an “outperformer” rating in a research report on Friday, June 26th. Two equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, BlackBerry currently has a consensus rating of “Hold” and an average target price of $9.86.

BlackBerry Stock Performance

Shares of BlackBerry stock opened at $8.71 on Friday. BlackBerry Limited has a 52 week low of $3.12 and a 52 week high of $13.59. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.25. The business has a 50 day moving average price of $8.36 and a 200-day moving average price of $7.95. The company has a market cap of $5.12 billion, a PE ratio of 48.41 and a beta of 2.20.

BlackBerry (NYSE:BB) last issued its quarterly earnings data on Thursday, September 24th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.03. The business had revenue of $166.56 million for the quarter, compared to analysts’ expectations of $144.22 million. BlackBerry had a return on equity of 13.71% and a net margin of 13.09%. The business’s revenue was up 26.0% on a year-over-year basis. During the same period last year, the business earned $0.04 EPS. BlackBerry has set its FY 2027 guidance at 0.190-0.220 EPS and its Q3 2027 guidance at 0.040-0.050 EPS. Equities analysts anticipate that BlackBerry Limited will post 0.17 earnings per share for the current fiscal year.

BlackBerry Company Profile

BlackBerry Limited is a Canadian technology company that provides cybersecurity and Internet of Things (IoT) software. Its cybersecurity offerings support endpoint protection, threat detection and response, secure communications, identity management, and unified endpoint management for businesses and government organizations.

Through its QNX business, BlackBerry supplies secure, safety-certified real-time operating systems and embedded software for automotive systems and other connected devices.