Vontobel Holding Ltd. Makes New $861,000 Investment in BlackBerry Limited $BB

Vontobel Holding Ltd. acquired a new stake in shares of BlackBerry Limited (NYSE:BB) during the third quarter, according to its most recent filing with the SEC. The fund acquired 95,393 shares of the company’s stock, valued at approximately $861,000.

A number of other institutional investors have also added to or reduced their stakes in BB. Legal & General Group Plc bought a new position in BlackBerry in the 2nd quarter worth about $480,710,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in BlackBerry during the 2nd quarter valued at about $69,786,000. Bank of America Corp DE purchased a new position in BlackBerry during the 2nd quarter valued at about $64,718,000. BlackRock Inc. bought a new stake in shares of BlackBerry during the second quarter valued at about $42,002,000. Finally, Primecap Management Co. CA bought a new stake in shares of BlackBerry during the second quarter valued at about $36,362,000. Hedge funds and other institutional investors own 54.48% of the company’s stock.

BlackBerry Trading Up 8.6%

Shares of BB stock opened at $8.86 on Wednesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.38 and a current ratio of 2.38. BlackBerry Limited has a 52-week low of $3.12 and a 52-week high of $13.59. The company has a market capitalization of $5.20 billion, a PE ratio of 73.85 and a beta of 2.20. The business’s fifty day moving average is $8.33 and its 200 day moving average is $8.06.

BlackBerry (NYSE:BB) last posted its quarterly earnings data on Thursday, September 24th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.03. BlackBerry had a return on equity of 13.71% and a net margin of 13.09%. The company had revenue of $166.56 million during the quarter, compared to analyst estimates of $144.22 million. During the same quarter last year, the company earned $0.04 earnings per share. The firm’s quarterly revenue was up 26.0% on a year-over-year basis. BlackBerry has set its FY 2027 guidance at 0.190-0.220 EPS and its Q3 2027 guidance at 0.040-0.050 EPS. On average, equities research analysts anticipate that BlackBerry Limited will post 0.17 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings raised shares of BlackBerry from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday, September 25th. TD Securities restated a “hold” rating and issued a $8.00 price objective on shares of BlackBerry in a research report on Friday, June 26th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $9.00 price objective on shares of BlackBerry in a research note on Monday, September 21st. Raymond James Financial boosted their price objective on shares of BlackBerry from $4.75 to $9.50 and gave the company a “market perform” rating in a research note on Friday, June 26th. Finally, Stifel Nicolaus initiated coverage on shares of BlackBerry in a report on Wednesday, June 24th. They set a “buy” rating and a $12.00 target price on the stock. Two research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $9.86.

Insiders Place Their Bets

In other BlackBerry news, CEO John Giamatteo sold 29,272 shares of the firm’s stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $9.20, for a total value of $269,302.40. Following the sale, the chief executive officer owned 758,416 shares of the company’s stock, valued at $6,977,427.20. This trade represents a 3.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Tim Foote sold 16,672 shares of BlackBerry stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $9.14, for a total value of $152,382.08. Following the sale, the chief financial officer owned 56,863 shares of the company’s stock, valued at approximately $519,727.82. This trade represents a 22.67% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 134,433 shares of company stock worth $1,196,595. 0.51% of the stock is owned by corporate insiders.

BlackBerry Company Profile

BlackBerry Limited (NYSE:BB) is a Canadian software company headquartered in Waterloo, Ontario. Once best known for its BlackBerry smartphones and secure mobile messaging, the company has transitioned away from manufacturing smartphones and now focuses on cybersecurity and Internet of Things (IoT) software.

BlackBerry’s cybersecurity business provides endpoint security, unified endpoint management, secure communications and other tools designed to protect devices, applications and data.