Milestone Asset Management LLC Makes New $557,000 Investment in BlackBerry Limited (NYSE:BB)

Milestone Asset Management LLC purchased a new position in BlackBerry Limited (NYSE:BB - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 147,448 shares of the company's stock, valued at approximately $557,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Masso Torrence Wealth Management Inc. bought a new position in shares of BlackBerry during the fourth quarter worth $38,000. Foundations Investment Advisors LLC bought a new stake in BlackBerry in the 4th quarter valued at $95,000. Ballentine Partners LLC bought a new stake in BlackBerry in the 4th quarter valued at $65,000. Barclays PLC lifted its position in BlackBerry by 60.2% in the 3rd quarter. Barclays PLC now owns 249,218 shares of the company's stock valued at $652,000 after acquiring an additional 93,651 shares in the last quarter. Finally, Toronto Dominion Bank lifted its position in BlackBerry by 5.3% in the 3rd quarter. Toronto Dominion Bank now owns 718,314 shares of the company's stock valued at $1,882,000 after acquiring an additional 36,372 shares in the last quarter. Institutional investors and hedge funds own 54.48% of the company's stock.

Insider Buying and Selling at BlackBerry

In related news, CAO Jay P. Chai sold 24,425 shares of the firm's stock in a transaction on Friday, January 24th. The stock was sold at an average price of $4.19, for a total transaction of $102,340.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Mattias Eriksson sold 14,475 shares of the stock in a transaction on 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 transaction, the insider now owns 238,838 shares in the company, valued at $878,923.84. The trade was a 5.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 244,221 shares of company stock valued at $925,655 in the last quarter. Corporate insiders own 0.34% of the company's stock.

BlackBerry Stock Performance

Shares of BlackBerry stock traded down $0.13 during trading hours on Monday, hitting $4.31. 27,007,617 shares of the company were exchanged, compared to its average volume of 20,155,104. The business has a 50-day moving average of $3.54 and a 200-day moving average of $2.79. BlackBerry Limited has a 1 year low of $2.01 and a 1 year high of $4.54. The stock has a market capitalization of $2.55 billion, a price-to-earnings ratio of -19.66 and a beta of 1.31. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.27.

BlackBerry (NYSE:BB - Get Free Report) last released its quarterly earnings data on Thursday, December 19th. The company reported $0.02 EPS for the quarter, topping analysts' consensus estimates of ($0.01) by $0.03. BlackBerry had a negative return on equity of 2.02% and a negative net margin of 21.16%. The company had revenue of $143.00 million for the quarter, compared to the consensus estimate of $144.84 million. During the same period last year, the business posted $0.01 EPS. The company's quarterly revenue was down 5.9% compared to the same quarter last year. As a group, analysts expect that BlackBerry Limited will post -0.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BB has been the topic of a number of research reports. TD Cowen upgraded shares of 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 research note on Friday, December 20th. Royal Bank of Canada boosted their price objective on shares of BlackBerry from $3.25 to $4.00 and gave the company a "sector perform" rating in a research note on Friday, January 10th. Robert W. Baird boosted their price objective on shares of BlackBerry from $3.00 to $3.50 and gave the stock a "neutral" rating in a report on Friday, December 20th. TD Securities raised shares of BlackBerry from a "hold" rating to a "buy" rating and upped their target price for the stock from $3.25 to $4.00 in a research report on Friday, December 20th. Finally, CIBC increased their price objective on shares of BlackBerry from $3.50 to $3.60 and gave the stock an "outperform" rating in a research note on Thursday, October 17th. Six equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $3.69.

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.