Havemeyer Place LP Acquires New Holdings in BlackBerry Limited $BB

Havemeyer Place LP acquired a new stake in shares of BlackBerry Limited (NYSE:BB) during the fourth quarter, HoldingsChannel reports. The firm acquired 356,058 shares of the company’s stock, valued at approximately $1,349,000.

A number of other hedge funds and other institutional investors have also modified their holdings of BB. Delos Wealth Advisors LLC bought a new stake in BlackBerry in the third quarter worth about $34,000. CI Investments Inc. grew its stake in BlackBerry by 48.4% during the 3rd quarter. CI Investments Inc. now owns 8,414 shares of the company’s stock valued at $41,000 after acquiring an additional 2,745 shares in the last quarter. Pallas Capital Advisors LLC purchased a new position in BlackBerry during the 4th quarter valued at about $57,000. NewEdge Advisors LLC grew its stake in BlackBerry by 2,349.1% during the 3rd quarter. NewEdge Advisors LLC now owns 11,682 shares of the company’s stock valued at $57,000 after acquiring an additional 11,205 shares in the last quarter. Finally, Themes Management Co LLC purchased a new position in BlackBerry during the 4th quarter valued at about $60,000. 54.48% of the stock is currently owned by institutional investors.

BlackBerry Stock Up 0.1%

BB opened at $9.42 on Monday. The business has a 50 day moving average price of $5.84 and a 200 day moving average price of $4.49. BlackBerry Limited has a twelve month low of $3.12 and a twelve month high of $10.93. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.12 and a current ratio of 2.12. The firm has a market cap of $5.52 billion, a P/E ratio of 117.71 and a beta of 2.29.

BlackBerry (NYSE:BB) last issued its quarterly earnings results on Thursday, April 9th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. BlackBerry had a return on equity of 10.09% and a net margin of 9.69%.The company had revenue of $157.96 million during the quarter, compared to analyst estimates of $144.27 million. During the same period in the previous year, the company earned $0.03 earnings per share. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. BlackBerry has set its Q1 2027 guidance at 0.020-0.030 EPS and its FY 2027 guidance at 0.150-0.190 EPS. Research analysts forecast that BlackBerry Limited will post 0.13 EPS for the current year.

Analysts Set New Price Targets

Several research firms have weighed in on BB. Canaccord Genuity Group lowered their target price on BlackBerry from $4.60 to $4.40 and set a “hold” rating on the stock in a research note on Friday, April 10th. Weiss Ratings cut BlackBerry from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $4.50 target price on shares of BlackBerry in a research note on Friday, April 10th. Finally, Wall Street Zen raised BlackBerry from a “hold” rating to a “buy” rating in a research note on Monday. One investment analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $4.88.

Insiders Place Their Bets

In related news, SVP Jennifer Armstrong-Owen sold 29,908 shares of the company’s stock in a transaction on Saturday, April 4th. The stock was sold at an average price of $3.56, for a total value of $106,472.48. Following the completion of the transaction, the senior vice president directly owned 94,903 shares in the company, valued at approximately $337,854.68. This represents a 23.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO John Joseph Giamatteo sold 27,066 shares of the company’s stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $3.56, for a total value of $96,354.96. Following the completion of the transaction, the chief executive officer owned 899,146 shares of the company’s stock, valued at $3,200,959.76. The trade was a 2.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 73,171 shares of company stock valued at $260,489 over the last 90 days. 0.51% of the stock is currently owned by corporate insiders.

BlackBerry Company Profile

BlackBerry Limited, formerly known as Research In Motion (RIM), is a Canadian enterprise software and cybersecurity company based in Waterloo, Ontario. Since its founding in 1984, the firm has evolved from a pioneer in mobile devices into a specialist in secure communications, endpoint management, and embedded systems software. BlackBerry’s core mission today centers on delivering security-first solutions that protect critical data and infrastructure across diverse industries.

At the heart of BlackBerry’s offerings is the BlackBerry Spark® platform, which combines unified endpoint management (UEM), secure communications, and artificial intelligence–driven threat detection into a single framework.