109,700 Shares in BlackBerry Limited $BB Purchased by Point Windward Advisors Inc.

Point Windward Advisors Inc. bought a new position in shares of BlackBerry Limited (NYSE:BB) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 109,700 shares of the company’s stock, valued at approximately $992,000.

Other institutional investors have also recently bought and sold shares of the company. Integrated Wealth Concepts LLC acquired a new position in shares of BlackBerry in the 2nd quarter valued at $31,000. CoreCap Advisors LLC bought a new position in shares of BlackBerry in the 2nd quarter worth $31,000. Elevation Wealth Partners LLC acquired a new stake in shares of BlackBerry during the second quarter worth $32,000. Pension & Wealth Management Advisors Inc. acquired a new stake in shares of BlackBerry during the third quarter worth $28,000. Finally, Global Retirement Partners LLC acquired a new stake in shares of BlackBerry during the second quarter worth $50,000. Institutional investors and hedge funds own 54.48% of the company’s stock.

Insiders Place Their Bets

In other BlackBerry news, Director David Chaikof purchased 5,000 shares of the stock in a transaction on Tuesday, November 3rd. The stock was bought at an average cost of $8.18 per share, for a total transaction of $40,900.00. Following the completion of the acquisition, the director directly owned 5,000 shares of the company’s stock, valued at $40,900. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Tim Foote sold 16,672 shares of the firm’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $9.14, for a total value of $152,382.08. Following the sale, the chief financial officer directly owned 56,863 shares in the company, valued at approximately $519,727.82. This represents a 22.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 384,433 shares of company stock valued at $3,481,255. Insiders own 0.51% of the company’s stock.

BlackBerry Trading Down 2.8%

Shares of NYSE BB opened at $9.14 on Friday. The company’s fifty day moving average is $8.56 and its 200-day moving average is $7.07. The stock has a market cap of $5.35 billion, a price-to-earnings ratio of 55.29 and a beta of 2.23. BlackBerry Limited has a twelve month low of $3.12 and a twelve month high of $13.59. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.25.

BlackBerry (NYSE:BB) last announced its quarterly earnings results 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 net margin of 13.09% and a return on equity of 13.71%. The company had revenue of $166.56 million during the quarter, compared to analyst estimates of $144.22 million. During the same quarter in the previous year, the business earned $0.04 EPS. The firm’s 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. Equities research analysts predict that BlackBerry Limited will post 0.17 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on BB shares. Canaccord Genuity Group dropped their price objective on BlackBerry from $10.30 to $9.50 and set a “hold” rating for the company in a report on Friday, September 25th. Wall Street Zen upgraded BlackBerry from a “hold” rating to a “buy” rating in a report on Saturday, August 29th. Royal Bank Of Canada restated a “sector perform” rating and set a $9.00 target price on shares of BlackBerry in a report on Monday, September 21st. Weiss Ratings upgraded BlackBerry from a “sell (d+)” rating to a “hold (c)” rating in a research report on Friday, September 25th. Finally, Zacks Research cut BlackBerry from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 25th. Two analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, BlackBerry has a consensus rating of “Hold” and a consensus price target of $9.86.

BlackBerry Company Profile

BlackBerry Limited is a Canadian software company that provides cybersecurity and secure communications products, as well as embedded software for vehicles and other connected systems. The company serves businesses, government agencies and organizations around the world. Its cybersecurity and communications offerings include endpoint protection, device and identity management, secure messaging, and crisis communications. BlackBerry also develops QNX software, an embedded operating system and development platform used in automotive systems and other safety-critical applications.