Milestone Asset Management LLC Sells 58,274 Shares of BlackBerry Limited $BB

Milestone Asset Management LLC trimmed its stake in shares of BlackBerry Limited (NYSE:BB) by 25.5% during the 2nd quarter, Holdings Channel.com reports. The fund owned 170,384 shares of the company’s stock after selling 58,274 shares during the quarter. Milestone Asset Management LLC’s holdings in BlackBerry were worth $780,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Voya Investment Management LLC purchased a new position in shares of BlackBerry during the first quarter valued at approximately $95,166,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of BlackBerry by 69.1% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 23,112,391 shares of the company’s stock valued at $87,064,000 after buying an additional 9,442,676 shares during the period. TD Asset Management Inc increased its stake in shares of BlackBerry by 163.7% during the first quarter. TD Asset Management Inc now owns 4,349,647 shares of the company’s stock valued at $16,380,000 after buying an additional 2,700,319 shares during the period. Vident Advisory LLC increased its stake in shares of BlackBerry by 52.1% during the first quarter. Vident Advisory LLC now owns 1,182,034 shares of the company’s stock valued at $4,456,000 after buying an additional 404,823 shares during the period. Finally, Baader Bank Aktiengesellschaft purchased a new position in shares of BlackBerry during the first quarter valued at approximately $1,067,000. 54.48% of the stock is owned by institutional investors.

Analysts Set New Price Targets

BB has been the topic of several research analyst reports. Zacks Research raised BlackBerry from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 29th. Royal Bank Of Canada boosted their target price on BlackBerry from $4.00 to $4.50 and gave the company a “sector perform” rating in a research note on Friday, September 26th. TD Securities cut BlackBerry from a “buy” rating to a “hold” rating and upped their price target for the stock from $4.00 to $5.00 in a research note on Friday, October 3rd. Wall Street Zen raised BlackBerry from a “hold” rating to a “buy” rating in a research note on Friday, September 26th. Finally, Robert W. Baird upped their price target on BlackBerry from $5.00 to $5.50 and gave the stock a “neutral” rating in a research note 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $5.10.

Insider Activity

In other news, CEO John Joseph Giamatteo sold 28,343 shares of the company’s 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 transaction, the chief executive officer directly owned 568,164 shares of the company’s stock, valued at $2,624,917.68. This represents a 4.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Philip S. Kurtz sold 44,178 shares of the company’s 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 in the company, valued at approximately $472,566.60. The trade was a 31.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 88,565 shares of company stock valued at $423,706 over the last ninety days. 0.37% of the stock is currently owned by corporate insiders.

BlackBerry Trading Down 1.3%

BlackBerry stock opened at $4.82 on Tuesday. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.27. The business’s fifty day simple moving average is $4.37 and its two-hundred day simple moving average is $4.07. BlackBerry Limited has a 12 month low of $2.24 and a 12 month high of $6.24. The company has a market capitalization of $2.84 billion, a price-to-earnings ratio of -481.50 and a beta of 1.51.

BlackBerry (NYSE:BB) last released 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. The business had revenue of $130.96 million for the quarter, compared to the consensus estimate of $122.03 million. BlackBerry had a positive return on equity of 6.07% and a negative net margin of 0.60%.BlackBerry’s revenue for the quarter was down 10.6% compared to the same quarter last year. 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 analysts predict that BlackBerry Limited will post -0.03 earnings per share for the current fiscal year.

About BlackBerry

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.