BlackBerry Limited (NYSE:BB) Shares Purchased by Oxford Asset Management LLP

Oxford Asset Management LLP raised its position in shares of BlackBerry Limited (NYSE:BB) by 190.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 53,812 shares of the company’s stock after purchasing an additional 35,293 shares during the period. Oxford Asset Management LLP’s holdings in BlackBerry were worth $203,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tower Research Capital LLC TRC raised its holdings in shares of BlackBerry by 63.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 9,773 shares of the company’s stock worth $37,000 after purchasing an additional 3,811 shares in the last quarter. Masso Torrence Wealth Management Inc. bought a new stake in shares of BlackBerry in the 4th quarter worth approximately $38,000. Mindset Wealth Management LLC bought a new stake in shares of BlackBerry in the 4th quarter worth approximately $38,000. Quadrant Capital Group LLC raised its holdings in shares of BlackBerry by 100.3% in the 4th quarter. Quadrant Capital Group LLC now owns 10,000 shares of the company’s stock worth $38,000 after purchasing an additional 5,008 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in shares of BlackBerry in the 4th quarter worth approximately $40,000. 54.48% of the stock is owned by institutional investors and hedge funds.

Insider Activity at BlackBerry

In other BlackBerry news, SVP Jennifer Armstrong-Owen sold 29,940 shares of the business’s stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $2.99, for a total value of $89,520.60. Following the completion of the sale, the senior vice president now owns 42,398 shares of the company’s stock, valued at $126,770.02. The trade was a 41.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders sold 37,216 shares of company stock valued at $112,025. Insiders own 0.34% of the company’s stock.

Analyst Ratings Changes

BB has been the topic of a number of recent analyst reports. StockNews.com upgraded shares of BlackBerry from a “sell” rating to a “hold” rating in a report on Friday, April 11th. Canaccord Genuity Group cut their price target on shares of BlackBerry from $4.75 to $4.25 and set a “hold” rating on the stock in a report on Thursday, April 3rd. Royal Bank of Canada set a $3.75 price target on shares of BlackBerry in a report on Thursday, April 3rd. Finally, CIBC cut their price target on shares of BlackBerry from $7.00 to $6.00 and set an “outperformer” rating on the stock in a report on Thursday, April 3rd. Six equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, BlackBerry currently has an average rating of “Hold” and a consensus price target of $4.12.

BlackBerry Stock Up 0.6 %

BlackBerry stock opened at $3.40 on Tuesday. The firm has a market cap of $2.03 billion, a PE ratio of -15.45 and a beta of 1.30. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.37 and a current ratio of 1.37. The firm’s 50 day moving average price is $3.94 and its two-hundred day moving average price is $3.61. BlackBerry Limited has a twelve month low of $2.01 and a twelve month high of $6.24.

BlackBerry (NYSE:BB) last released its quarterly earnings data on Wednesday, April 2nd. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.01. The firm had revenue of $141.70 million for the quarter, compared to analyst estimates of $137.56 million. BlackBerry had a negative net margin of 21.16% and a negative return on equity of 2.02%. The company’s revenue for the quarter was down 7.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.03 EPS. On average, research analysts predict that BlackBerry Limited will post -0.03 EPS for the current fiscal year.

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.