95,393 Shares of BlackBerry Limited $BB Acquired by Vontobel Holding Ltd.

Vontobel Holding Ltd. purchased a new stake in shares of BlackBerry Limited (NYSE:BB) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 95,393 shares of the company’s stock, valued at approximately $861,000.

A number of other large investors also recently made changes to their positions in the company. Integrated Wealth Concepts LLC bought a new stake in BlackBerry in the 2nd quarter worth about $31,000. CoreCap Advisors LLC bought a new position in shares of BlackBerry during the 2nd quarter worth approximately $31,000. Elevation Wealth Partners LLC bought a new position in shares of BlackBerry during the 2nd quarter worth approximately $32,000. Pension & Wealth Management Advisors Inc. bought a new position in shares of BlackBerry during the 3rd quarter worth approximately $28,000. Finally, Global Retirement Partners LLC bought a new position in shares of BlackBerry during the 2nd quarter worth approximately $50,000. 54.48% of the stock is owned by institutional investors.

BlackBerry Stock Performance

NYSE BB opened at $8.86 on Wednesday. The company has a market capitalization of $5.20 billion, a PE ratio of 73.85 and a beta of 2.20. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.38 and a current ratio of 2.38. BlackBerry Limited has a 52-week low of $3.12 and a 52-week high of $13.59. The company has a 50-day simple moving average of $8.33 and a 200 day simple moving average of $8.06.

BlackBerry (NYSE:BB) last released its earnings results on Thursday, September 24th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.03. The firm had revenue of $166.56 million during the quarter, compared to the consensus estimate of $144.22 million. BlackBerry had a net margin of 13.09% and a return on equity of 13.71%. The company’s revenue was up 26.0% compared to the same quarter last year. During the same period in the prior year, the firm 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. On average, research analysts predict that BlackBerry Limited will post 0.17 EPS for the current year.

Insiders Place Their Bets

In other BlackBerry news, CEO John Giamatteo sold 27,004 shares of the company’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 sale, the chief executive officer directly owned 792,494 shares of the company’s stock, valued at $6,625,249.84. This represents a 3.30% 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. Also, CFO Tim Foote sold 8,441 shares of BlackBerry 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 transaction, the chief financial officer owned 71,616 shares of the company’s stock, valued at $598,709.76. The trade was a 10.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 134,433 shares of company stock valued at $1,196,595. Company insiders own 0.51% of the company’s stock.

Analysts Set New Price Targets

BB has been the topic of a number of research analyst reports. Stifel Nicolaus began coverage on BlackBerry in a research note on Wednesday, June 24th. They issued a “buy” rating and a $12.00 target price on the stock. Canaccord Genuity Group decreased their price target on BlackBerry from $10.30 to $9.50 and set a “hold” rating for the company in a research report on Friday, September 25th. Weiss Ratings upgraded BlackBerry from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday, September 25th. Zacks Research lowered BlackBerry from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 25th. Finally, Canadian Imperial Bank of Commerce boosted their price objective on BlackBerry from $10.00 to $13.00 and gave the stock an “outperformer” rating in a research report on Friday, June 26th. Two research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, BlackBerry currently has a consensus rating of “Hold” and an average price target of $9.86.

BlackBerry Profile

BlackBerry Limited (NYSE:BB) is a Canadian software company headquartered in Waterloo, Ontario. Once best known for its BlackBerry smartphones and secure mobile messaging, the company has transitioned away from manufacturing smartphones and now focuses on cybersecurity and Internet of Things (IoT) software.

BlackBerry’s cybersecurity business provides endpoint security, unified endpoint management, secure communications and other tools designed to protect devices, applications and data.