BlackBerry Limited (NYSE:BB) CFO Tim Foote Sells 5,196 Shares

BlackBerry Limited (NYSE:BB - Get Free Report) CFO Tim Foote sold 5,196 shares of the firm's stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $2.99, for a total value of $15,536.04. Following the completion of the sale, the chief financial officer now directly owns 31,120 shares of the company's stock, valued at $93,048.80. This represents a 14.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Tim Foote also recently made the following trade(s):

• On Tuesday, April 1st, Tim Foote sold 2,080 shares of BlackBerry stock. The stock was sold at an average price of $3.35, for a total transaction of $6,968.00.

BlackBerry Trading Up 0.8 %

Shares of NYSE:BB traded up $0.03 during midday trading on Friday, reaching $3.17. The company's stock had a trading volume of 15,870,755 shares, compared to its average volume of 13,616,283. The business has a 50 day moving average price of $4.45 and a 200 day moving average price of $3.54. BlackBerry Limited has a 1 year low of $2.01 and a 1 year high of $6.24. The firm has a market cap of $1.89 billion, a price-to-earnings ratio of -14.39 and a beta of 1.30. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.27.

BlackBerry (NYSE:BB - Get Free Report) last posted its quarterly earnings data on Wednesday, April 2nd. The company reported $0.03 EPS for the quarter, beating analysts' consensus estimates of $0.02 by $0.01. BlackBerry had a negative net margin of 21.16% and a negative return on equity of 2.02%. The company had revenue of $141.70 million during the quarter, compared to the consensus estimate of $137.56 million. During the same quarter in the prior year, the company posted $0.03 EPS. The company's quarterly revenue was down 7.3% compared to the same quarter last year. Research analysts forecast that BlackBerry Limited will post -0.03 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on BB shares. TD Securities upgraded shares of BlackBerry from a "hold" rating to a "buy" rating and raised their price objective for the company from $3.25 to $4.00 in a research note on Friday, December 20th. TD Cowen upgraded shares of BlackBerry from a "hold" rating to a "buy" rating and lifted their price target for the company from $3.25 to $4.00 in a research report on Friday, December 20th. Canaccord Genuity Group decreased their price target on BlackBerry from $4.75 to $4.25 and set a "hold" rating on the stock in a research note on Thursday, April 3rd. Robert W. Baird raised their price objective on BlackBerry from $3.00 to $3.50 and gave the company a "neutral" rating in a research note on Friday, December 20th. Finally, Royal Bank of Canada set a $3.75 target price on BlackBerry in a research report on Thursday, April 3rd. Six analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $4.12.

Hedge Funds Weigh In On BlackBerry

A number of large investors have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. grew its stake in shares of BlackBerry by 1.0% during the 3rd 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. The Manufacturers Life Insurance Company grew its position in BlackBerry by 10.4% during the third quarter. The Manufacturers Life Insurance Company now owns 487,336 shares of the company's stock valued at $1,284,000 after acquiring an additional 46,101 shares during the period. BNP Paribas Financial Markets increased its stake in BlackBerry by 7.6% during the third quarter. BNP Paribas Financial Markets now owns 163,531 shares of the company's stock worth $428,000 after acquiring an additional 11,488 shares during the last quarter. Quantinno Capital Management LP acquired a new stake in BlackBerry during the third quarter worth about $38,000. Finally, State Street Corp raised its holdings in shares of BlackBerry by 1.9% in the 3rd quarter. State Street Corp now owns 1,309,606 shares of the company's stock worth $3,431,000 after purchasing an additional 24,309 shares during the period. Hedge funds and other institutional investors own 54.48% of the company's stock.

BlackBerry Company 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.