10,976 Shares in BlackBerry Limited (NYSE:BB) Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. acquired a new position in BlackBerry Limited (NYSE:BBGet Rating) during the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 10,976 shares of the company’s stock, valued at approximately $52,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ronald Blue Trust Inc. purchased a new position in BlackBerry in the 2nd quarter valued at about $30,000. Clarius Group LLC lifted its holdings in BlackBerry by 68.4% in the 2nd quarter. Clarius Group LLC now owns 36,604 shares of the company’s stock valued at $197,000 after purchasing an additional 14,870 shares in the last quarter. Pacifica Partners Inc. lifted its holdings in BlackBerry by 18.2% in the 2nd quarter. Pacifica Partners Inc. now owns 13,000 shares of the company’s stock valued at $76,000 after purchasing an additional 2,000 shares in the last quarter. OLD National Bancorp IN purchased a new position in BlackBerry in the 2nd quarter valued at about $55,000. Finally, Credit Suisse AG lifted its holdings in BlackBerry by 21.5% in the 2nd quarter. Credit Suisse AG now owns 908,887 shares of the company’s stock valued at $4,899,000 after purchasing an additional 160,876 shares in the last quarter. 39.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on BB shares. TD Securities dropped their price objective on shares of BlackBerry from $4.25 to $3.75 and set a “reduce” rating for the company in a research note on Wednesday, December 21st. Robert W. Baird dropped their price objective on shares of BlackBerry from $6.00 to $5.00 in a research note on Wednesday, December 21st. Canaccord Genuity Group dropped their price objective on shares of BlackBerry from $6.00 to $5.00 in a research note on Wednesday, September 28th. Raymond James dropped their price objective on shares of BlackBerry from $8.00 to $7.00 and set a “market perform” rating for the company in a research note on Wednesday, December 21st. Finally, Royal Bank of Canada dropped their price objective on shares of BlackBerry from $6.00 to $5.50 and set a “sector perform” rating for the company in a research note on Wednesday, December 21st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $5.46.

Insider Buying and Selling

In related news, CFO Steve Rai sold 8,958 shares of the stock in a transaction that occurred on Tuesday, January 3rd. The shares were sold at an average price of $3.32, for a total transaction of $29,740.56. Following the completion of the sale, the chief financial officer now owns 48,655 shares of the company’s stock, valued at approximately $161,534.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other BlackBerry news, CEO John S. Chen sold 554,606 shares of the company’s stock in a transaction that occurred on Thursday, November 3rd. The stock was sold at an average price of $4.28, for a total value of $2,373,713.68. Following the completion of the transaction, the chief executive officer now owns 6,447,738 shares in the company, valued at approximately $27,596,318.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Steve Rai sold 8,958 shares of the company’s stock in a transaction that occurred on Tuesday, January 3rd. The stock was sold at an average price of $3.32, for a total value of $29,740.56. Following the completion of the transaction, the chief financial officer now owns 48,655 shares of the company’s stock, valued at approximately $161,534.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 594,289 shares of company stock valued at $2,509,772. 1.60% of the stock is currently owned by corporate insiders.

BlackBerry Stock Up 2.0 %

BB opened at $4.16 on Thursday. The firm has a 50 day moving average price of $4.19 and a 200 day moving average price of $4.95. The company has a market cap of $2.42 billion, a PE ratio of -8.00 and a beta of 1.42. BlackBerry Limited has a 1 year low of $3.17 and a 1 year high of $9.32. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.82 and a current ratio of 1.82.

BlackBerry Company Profile

(Get Rating)

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 BlackBerry Cyber Suite, which provides Cylance AI and machine learning-based cybersecurity solutions, including BlackBerry Protect, an EPP and available MTD solution; BlackBerry Optics, an EDR solution that provides visibility into and prevention of malicious activity; BlackBerry Guard, a managed detection and response solution; BlackBerry Gateway, an AI-empowered ZTNA solution; and BlackBerry Persona, a UEBA solution that provides authentication by validating user identity in real time.

Further Reading

Institutional Ownership by Quarter for BlackBerry (NYSE:BB)

Receive News & Ratings for BlackBerry Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackBerry and related companies with MarketBeat.com's FREE daily email newsletter.