Point Windward Advisors Inc. Purchases New Shares in BlackBerry Limited $BB

Point Windward Advisors Inc. acquired a new position in shares of BlackBerry Limited (NYSE:BB) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 109,700 shares of the company’s stock, valued at approximately $992,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Integrated Wealth Concepts LLC acquired a new stake in shares of BlackBerry during the second quarter worth $31,000. CoreCap Advisors LLC acquired a new position in BlackBerry in the 2nd quarter worth $31,000. Elevation Wealth Partners LLC acquired a new position in BlackBerry in the 2nd quarter worth $32,000. Pension & Wealth Management Advisors Inc. acquired a new position in BlackBerry in the 3rd quarter worth $28,000. Finally, Global Retirement Partners LLC acquired a new position in BlackBerry in the 2nd quarter worth $50,000. 54.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO John Giamatteo sold 99,000 shares of the firm’s stock in a transaction dated Thursday, October 22nd. The stock was sold at an average price of $8.74, for a total value of $865,260.00. Following the completion of the transaction, the chief executive officer owned 542,494 shares in the company, valued at $4,741,397.56. This trade represents a 15.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Philip S. Kurtz sold 6,164 shares of the firm’s stock in a transaction dated Friday, October 9th. The shares were sold at an average price of $8.45, for a total value of $52,085.80. Following the completion of the transaction, the insider owned 73,109 shares of the company’s stock, valued at $617,771.05. The trade was a 7.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 384,433 shares of company stock worth $3,481,255. 0.51% of the stock is currently owned by company insiders.

BlackBerry Stock Performance

Shares of BB stock opened at $9.14 on Friday. BlackBerry Limited has a 12 month low of $3.12 and a 12 month high of $13.59. The company’s fifty day simple moving average is $8.56 and its 200-day simple moving average is $7.07. The firm has a market cap of $5.35 billion, a PE ratio of 55.29 and a beta of 2.23. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.25.

BlackBerry (NYSE:BB) last released its earnings results on Thursday, September 24th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.03. BlackBerry had a net margin of 13.09% and a return on equity of 13.71%. The business had revenue of $166.56 million during the quarter, compared to the consensus estimate of $144.22 million. During the same quarter last year, the firm earned $0.04 earnings per share. The firm’s revenue for the quarter was up 26.0% compared to the same quarter last year. BlackBerry has set its FY 2027 guidance at 0.190-0.220 EPS and its Q3 2027 guidance at 0.040-0.050 EPS. Equities research analysts expect that BlackBerry Limited will post 0.17 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on BB. Canaccord Genuity Group lowered their target price on BlackBerry from $10.30 to $9.50 and set a “hold” rating for the company in a report on Friday, September 25th. Zacks Research lowered BlackBerry from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 25th. Wall Street Zen raised BlackBerry from a “hold” rating to a “buy” rating in a research report on Saturday, August 29th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $9.00 price objective on shares of BlackBerry in a research report on Monday, September 21st. Finally, Weiss Ratings upgraded BlackBerry from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday, September 25th. Two investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $9.86.

BlackBerry Profile

BlackBerry Limited is a Canadian software company that provides cybersecurity and secure communications products, as well as embedded software for vehicles and other connected systems. The company serves businesses, government agencies and organizations around the world. Its cybersecurity and communications offerings include endpoint protection, device and identity management, secure messaging, and crisis communications. BlackBerry also develops QNX software, an embedded operating system and development platform used in automotive systems and other safety-critical applications.