Virtu Financial LLC increased its holdings in BlackBerry Limited (NYSE:BB - Free Report) by 117.3% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 309,583 shares of the company's stock after acquiring an additional 167,145 shares during the period. Virtu Financial LLC owned approximately 0.05% of BlackBerry worth $1,170,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Masso Torrence Wealth Management Inc. purchased a new position in shares of BlackBerry during the 4th quarter worth $38,000. Mindset Wealth Management LLC purchased a new position in BlackBerry during the fourth quarter worth about $38,000. Sanctuary Advisors LLC purchased a new position in BlackBerry during the fourth quarter worth about $40,000. HighTower Advisors LLC acquired a new stake in shares of BlackBerry during the fourth quarter valued at about $41,000. Finally, Bravias Capital Group LLC purchased a new stake in shares of BlackBerry in the 4th quarter valued at approximately $45,000. Institutional investors and hedge funds own 54.48% of the company's stock.
BlackBerry Stock Down 4.5 %
BlackBerry stock traded down $0.19 during trading on Thursday, reaching $3.97. The stock had a trading volume of 13,217,235 shares, compared to its average volume of 13,211,588. BlackBerry Limited has a 52-week low of $2.01 and a 52-week high of $6.24. The business has a 50 day moving average price of $4.70 and a 200 day moving average price of $3.45. 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 $2.36 billion, a PE ratio of -18.02 and a beta of 1.27.
Analysts Set New Price Targets
BB has been the subject of several research reports. Robert W. Baird lifted their target price on shares of BlackBerry from $3.00 to $3.50 and gave the company a "neutral" rating in a report on Friday, December 20th. StockNews.com raised BlackBerry from a "sell" rating to a "hold" rating in a research note on Monday, December 9th. Royal Bank of Canada increased their target price on BlackBerry from $3.25 to $4.00 and gave the stock a "sector perform" rating in a research note on Friday, January 10th. TD Cowen raised BlackBerry from a "hold" rating to a "buy" rating and lifted their target price for the company from $3.25 to $4.00 in a research report on Friday, December 20th. Finally, Canaccord Genuity Group increased their price target on shares of BlackBerry from $3.00 to $4.75 and gave the stock a "hold" rating in a research report on Tuesday, March 11th. Six research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, BlackBerry has a consensus rating of "Moderate Buy" and a consensus price target of $3.91.
Get Our Latest Stock Report on BlackBerry
Insider Transactions at BlackBerry
In related news, insider Mattias Eriksson sold 14,475 shares of the business's 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 sale, the insider now directly owns 238,838 shares of the company's stock, valued at $878,923.84. The trade was a 5.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Jay P. Chai sold 24,425 shares of BlackBerry 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 244,221 shares of company stock valued at $925,655. Corporate insiders own 0.34% of the company's stock.
About BlackBerry
(
Free Report)
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.
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