Legal & General Group Plc Has $151.47 Million Position in BlackBerry Limited $BB

Legal & General Group Plc lowered its position in shares of BlackBerry Limited (NYSE:BB) by 2.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,015,835 shares of the company’s stock after selling 884,884 shares during the quarter. Legal & General Group Plc owned 0.06% of BlackBerry worth $151,469,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of BB. Hsbc Holdings PLC boosted its position in BlackBerry by 16.7% during the first quarter. Hsbc Holdings PLC now owns 31,641 shares of the company’s stock valued at $119,000 after purchasing an additional 4,525 shares during the last quarter. Y.D. More Investments Ltd raised its stake in BlackBerry by 10.1% in the 2nd quarter. Y.D. More Investments Ltd now owns 54,306 shares of the company’s stock valued at $247,000 after acquiring an additional 4,999 shares during the period. Chicago Partners Investment Group LLC acquired a new stake in shares of BlackBerry during the 1st quarter worth about $37,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in BlackBerry by 1.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 823,822 shares of the company’s stock worth $3,106,000 after acquiring an additional 10,667 shares during the last quarter. Finally, LeConte Wealth Management LLC bought a new stake in shares of BlackBerry during the second quarter worth approximately $61,000. 54.48% of the stock is currently owned by institutional investors and hedge funds.

BlackBerry Trading Up 1.5%

NYSE BB opened at $4.19 on Monday. The firm has a market capitalization of $2.47 billion, a PE ratio of -419.00 and a beta of 1.51. The business’s 50-day moving average price is $4.54 and its two-hundred day moving average price is $4.17. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.27. BlackBerry Limited has a 12 month low of $2.31 and a 12 month high of $6.24.

BlackBerry (NYSE:BB) last posted its quarterly earnings data on Thursday, September 25th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.03. BlackBerry had a negative net margin of 0.60% and a positive return on equity of 6.07%. The company had revenue of $130.96 million during the quarter, compared to analysts’ expectations of $122.03 million. BlackBerry’s revenue for the quarter was down 10.6% on a year-over-year basis. BlackBerry has set its Q3 2026 guidance at 0.020-0.040 EPS. FY 2026 guidance at 0.110-0.15 EPS. On average, analysts expect that BlackBerry Limited will post -0.03 EPS for the current year.

Insider Buying and Selling at BlackBerry

In other BlackBerry news, insider Mattias Eriksson sold 5,914 shares of the business’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $4.62, for a total transaction of $27,322.68. Following the completion of the sale, the insider directly owned 291,340 shares of the company’s stock, valued at approximately $1,345,990.80. The trade was a 1.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO John Joseph Giamatteo sold 28,343 shares of the firm’s stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $4.62, for a total value of $130,944.66. Following the completion of the transaction, the chief executive officer owned 568,164 shares in the company, valued at $2,624,917.68. This represents a 4.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 88,565 shares of company stock valued at $423,706. Company insiders own 0.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on BB. Weiss Ratings reiterated a “sell (d-)” rating on shares of BlackBerry in a research report on Wednesday, October 8th. Canaccord Genuity Group reaffirmed a “hold” rating and set a $4.60 target price on shares of BlackBerry in a report on Friday, September 26th. Wall Street Zen upgraded shares of BlackBerry from a “hold” rating to a “buy” rating in a research report on Friday, September 26th. Royal Bank Of Canada upped their price objective on shares of BlackBerry from $4.00 to $4.50 and gave the stock a “sector perform” rating in a research report on Friday, September 26th. Finally, TD Cowen reaffirmed a “hold” rating and set a $5.00 price target on shares of BlackBerry in a report on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, BlackBerry presently has an average rating of “Hold” and a consensus target price of $5.10.

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.