165,537 Shares in BlackBerry Limited (NYSE:BB) Acquired by Thompson Davis & CO. Inc.

Thompson Davis & CO. Inc. purchased a new stake in BlackBerry Limited (NYSE:BB) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 165,537 shares of the company’s stock, valued at approximately $641,000.

Several other hedge funds have also recently bought and sold shares of BB. Quantinno Capital Management LP purchased a new position in BlackBerry in the third quarter valued at approximately $38,000. Masso Torrence Wealth Management Inc. purchased a new position in BlackBerry in the fourth quarter valued at approximately $38,000. Sanctuary Advisors LLC purchased a new position in BlackBerry in the fourth quarter valued at approximately $40,000. Palacios Wealth Management LLC purchased a new position in BlackBerry in the fourth quarter valued at approximately $50,000. Finally, Signaturefd LLC raised its holdings in BlackBerry by 65.5% in the third quarter. Signaturefd LLC now owns 22,898 shares of the company’s stock valued at $60,000 after buying an additional 9,063 shares during the period. Hedge funds and other institutional investors own 54.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. TD Cowen upgraded shares of BlackBerry from a “hold” rating to a “buy” rating and lifted their price objective for the company from $3.25 to $4.00 in a research note on Friday, December 20th. Canaccord Genuity Group lifted their price objective on shares of BlackBerry from $2.80 to $3.00 and gave the company a “hold” rating in a research note on Friday, December 20th. TD Securities upgraded shares of BlackBerry from a “hold” rating to a “buy” rating and lifted their price objective for the company from $3.25 to $4.00 in a research note on Friday, December 20th. Royal Bank of Canada lifted their price objective on shares of BlackBerry from $3.25 to $4.00 and gave the company a “sector perform” rating in a research note on Friday, January 10th. Finally, StockNews.com upgraded shares of BlackBerry from a “sell” rating to a “hold” rating in a research note on Monday, December 9th. Six investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $3.69.

BlackBerry Trading Down 6.2 %

BB stock opened at $5.24 on Friday. BlackBerry Limited has a twelve month low of $2.01 and a twelve month high of $6.24. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.37 and a quick ratio of 1.37. The firm has a 50 day simple moving average of $4.36 and a 200-day simple moving average of $3.10.

BlackBerry (NYSE:BB) last released its quarterly earnings results on Thursday, December 19th. The company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.03. BlackBerry had a negative net margin of 21.16% and a negative return on equity of 2.02%. The business had revenue of $143.00 million during the quarter, compared to the consensus estimate of $144.84 million. During the same quarter last year, the company earned $0.01 earnings per share. The business’s quarterly revenue was down 5.9% compared to the same quarter last year. As a group, sell-side analysts expect that BlackBerry Limited will post -0.03 EPS for the current year.

Insider Transactions at BlackBerry

In other BlackBerry news, insider Mattias Eriksson sold 14,475 shares of BlackBerry 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 transaction, the insider now 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 transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO John Joseph Giamatteo sold 155,815 shares of BlackBerry stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $3.68, for a total transaction of $573,399.20. Following the completion of the transaction, the chief executive officer now directly owns 385,552 shares of the company’s stock, valued at approximately $1,418,831.36. This represents a 28.78 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 244,221 shares of company stock valued at $925,655. 0.34% of the stock is currently owned by corporate insiders.

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.