Thompson Davis & CO. Inc. Purchases Shares of 165,537 BlackBerry Limited (NYSE:BB)

Thompson Davis & CO. Inc. acquired a new stake in BlackBerry Limited (NYSE:BB - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 165,537 shares of the company's stock, valued at approximately $641,000.

Several other hedge funds have also modified their holdings of the stock. EdgePoint Investment Group Inc. raised its holdings in BlackBerry by 15.9% during the 3rd quarter. EdgePoint Investment Group Inc. now owns 11,922,795 shares of the company's stock worth $31,238,000 after purchasing an additional 1,637,916 shares during the last quarter. Intact Investment Management Inc. grew its position in shares of BlackBerry by 25.7% during the 3rd quarter. Intact Investment Management Inc. now owns 1,439,240 shares of the company's stock worth $3,789,000 after buying an additional 294,250 shares during the period. State Street Corp raised its stake in shares of BlackBerry by 1.9% during the third quarter. State Street Corp now owns 1,309,606 shares of the company's stock worth $3,431,000 after buying an additional 24,309 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in BlackBerry by 1.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,212,230 shares of the company's stock valued at $3,194,000 after buying an additional 11,899 shares during the period. Finally, Potrero Capital Research LLC bought a new position in BlackBerry in the third quarter valued at approximately $2,359,000. 54.48% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on BB shares. TD Securities raised BlackBerry from a "hold" rating to a "buy" rating and increased their price target for the company from $3.25 to $4.00 in a research note on Friday, December 20th. Royal Bank of Canada increased their target price on 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 target price on BlackBerry from $3.00 to $3.50 and gave the stock a "neutral" rating in a research report on Friday, December 20th. Canaccord Genuity Group increased their price target on shares of BlackBerry from $2.80 to $3.00 and gave the company a "hold" rating in a research report on Friday, December 20th. Finally, TD Cowen raised shares of BlackBerry from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $3.25 to $4.00 in a research note on Friday, December 20th. Six equities research 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. Based on data from MarketBeat.com, BlackBerry currently has an average rating of "Moderate Buy" and a consensus price target of $3.69.

BlackBerry Stock Up 2.7 %

NYSE BB traded up $0.14 during trading hours on Wednesday, reaching $5.05. 41,317,899 shares of the company's stock were exchanged, compared to its average volume of 26,439,879. 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 one year low of $2.01 and a one year high of $6.24. The company's 50-day moving average is $4.44 and its two-hundred day moving average is $3.15. The company has a market capitalization of $3.01 billion, a price-to-earnings ratio of -22.93 and a beta of 1.31.

BlackBerry (NYSE:BB - Get Free Report) last issued its quarterly earnings data on Thursday, December 19th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.03. The company had revenue of $143.00 million during the quarter, compared to the consensus estimate of $144.84 million. BlackBerry had a negative net margin of 21.16% and a negative return on equity of 2.02%. The firm's revenue was down 5.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.01 earnings per share. On average, analysts forecast that BlackBerry Limited will post -0.03 EPS for the current fiscal year.

Insider Activity

In other news, CAO Jay P. Chai sold 24,425 shares of BlackBerry stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $4.19, for a total value of $102,340.75. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO John Joseph Giamatteo sold 29,402 shares of the business's stock in a transaction on Monday, January 6th. The stock was sold at an average price of $4.00, for a total transaction of $117,608.00. Following the completion of the sale, the chief executive officer now directly owns 490,761 shares in the company, valued at approximately $1,963,044. This represents 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 over the last three months. Corporate insiders own 0.34% of the company's stock.

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.