Texas Yale Capital Corp. Invests $505,000 in BlackBerry Limited (NYSE:BB)

Texas Yale Capital Corp. 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 133,650 shares of the company's stock, valued at approximately $505,000.

A number of other large investors also recently modified their holdings of the business. Masso Torrence Wealth Management Inc. acquired a new position in shares of BlackBerry in the 4th quarter worth approximately $38,000. Mindset Wealth Management LLC acquired a new position in BlackBerry in the fourth quarter worth approximately $38,000. Quadrant Capital Group LLC increased its holdings in shares of BlackBerry by 100.3% in the fourth quarter. Quadrant Capital Group LLC now owns 10,000 shares of the company's stock valued at $38,000 after buying an additional 5,008 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of BlackBerry during the 4th quarter valued at $40,000. Finally, HighTower Advisors LLC bought a new stake in shares of BlackBerry during the 4th quarter worth $41,000. 54.48% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at BlackBerry

In other news, CAO Jay P. Chai sold 24,425 shares of the company's stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $4.19, for a total value of $102,340.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jennifer Armstrong-Owen sold 29,940 shares of the business'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 transaction of $89,520.60. Following the transaction, the senior vice president now owns 42,398 shares of the company's stock, valued at approximately $126,770.02. This represents a 41.39 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 61,641 shares of company stock valued at $214,365. 0.34% of the stock is owned by insiders.

BlackBerry Stock Performance

NYSE BB traded down $0.01 during midday trading on Tuesday, hitting $3.22. The company had a trading volume of 7,306,936 shares, compared to its average volume of 13,618,083. The firm has a fifty day simple moving average of $4.41 and a two-hundred day simple moving average of $3.55. BlackBerry Limited has a fifty-two week low of $2.01 and a fifty-two week high of $6.24. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.27. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of -14.64 and a beta of 1.30.

BlackBerry (NYSE:BB - Get Free Report) last released its earnings results on Wednesday, April 2nd. The company reported $0.03 earnings per share for the quarter, topping analysts' consensus estimates of $0.02 by $0.01. The business had revenue of $141.70 million for the quarter, compared to the consensus estimate of $137.56 million. BlackBerry had a negative return on equity of 2.02% and a negative net margin of 21.16%. The firm's revenue for the quarter was down 7.3% compared to the same quarter last year. During the same period last year, the business earned $0.03 earnings per share. Equities analysts forecast that BlackBerry Limited will post -0.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Canaccord Genuity Group reduced their target price on BlackBerry from $4.75 to $4.25 and set a "hold" rating for the company in a report on Thursday, April 3rd. CIBC decreased their price objective on shares of BlackBerry from $7.00 to $6.00 and set an "outperformer" rating for the company in a research note on Thursday, April 3rd. StockNews.com raised shares of BlackBerry from a "sell" rating to a "hold" rating in a research report on Friday. TD Cowen upgraded BlackBerry from a "hold" rating to a "buy" rating and boosted their target price for the company from $3.25 to $4.00 in a research note on Friday, December 20th. Finally, TD Securities raised BlackBerry from a "hold" rating to a "buy" rating and raised their price target for the stock from $3.25 to $4.00 in a research note on Friday, December 20th. Six analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $4.12.

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.