Triasima Portfolio Management inc. Takes $89,000 Position in BlackBerry Limited $BB

Triasima Portfolio Management inc. acquired a new stake in BlackBerry Limited (NYSE:BB) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 19,500 shares of the company’s stock, valued at approximately $89,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Chicago Partners Investment Group LLC purchased a new position in BlackBerry in the 1st quarter worth approximately $37,000. OneDigital Investment Advisors LLC purchased a new position in BlackBerry in the 1st quarter worth approximately $40,000. LeConte Wealth Management LLC purchased a new position in BlackBerry in the 2nd quarter worth approximately $61,000. Tobam purchased a new position in BlackBerry in the 1st quarter worth approximately $86,000. Finally, Ballentine Partners LLC grew its stake in BlackBerry by 35.4% in the 1st quarter. Ballentine Partners LLC now owns 23,339 shares of the company’s stock worth $88,000 after buying an additional 6,099 shares in the last quarter. Hedge funds and other institutional investors own 54.48% of the company’s stock.

BlackBerry Trading Up 2.4%

Shares of BB opened at $4.76 on Thursday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.20 and a current ratio of 2.20. BlackBerry Limited has a fifty-two week low of $2.24 and a fifty-two week high of $6.24. The firm has a 50 day moving average price of $4.02 and a 200-day moving average price of $3.90. The firm has a market cap of $2.81 billion, a price-to-earnings ratio of -476.00 and a beta of 1.51.

BlackBerry (NYSE:BB) last issued its earnings results on Thursday, September 25th. The company reported $0.04 EPS 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 for the quarter, compared to the consensus estimate of $122.03 million. BlackBerry’s revenue 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. As a group, equities research analysts forecast that BlackBerry Limited will post -0.03 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Philip S. Kurtz sold 44,178 shares of BlackBerry stock in a transaction on Sunday, September 28th. The shares were sold at an average price of $4.95, for a total value of $218,681.10. Following the transaction, the insider directly owned 95,468 shares of the company’s stock, valued at $472,566.60. The trade was a 31.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO John Joseph Giamatteo sold 28,343 shares of BlackBerry stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $4.62, for a total transaction of $130,944.66. Following the completion of the transaction, the chief executive officer directly owned 568,164 shares in the company, valued at approximately $2,624,917.68. The trade was a 4.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 88,565 shares of company stock valued at $423,706 over the last three months. 0.37% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have commented on BB. Canaccord Genuity Group reissued a “hold” rating and issued a $4.60 price target on shares of BlackBerry in a research note on Friday, September 26th. Weiss Ratings reissued a “sell (d-)” rating on shares of BlackBerry in a research note on Wednesday. Zacks Research upgraded shares of BlackBerry from a “hold” rating to a “strong-buy” rating in a report on Monday, September 29th. TD Cowen restated a “hold” rating and issued a $5.00 price objective on shares of BlackBerry in a report on Friday, October 3rd. Finally, Royal Bank Of Canada boosted their price objective on shares of BlackBerry from $4.00 to $4.50 and gave the stock a “sector perform” rating in a report on Friday, September 26th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $5.10.

BlackBerry 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.