Thompson Davis & CO. Inc. Sells 28,149 Shares of BlackBerry Limited $BB

Thompson Davis & CO. Inc. trimmed its position in shares of BlackBerry Limited (NYSE:BB) by 14.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 168,961 shares of the company’s stock after selling 28,149 shares during the period. Thompson Davis & CO. Inc.’s holdings in BlackBerry were worth $781,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hsbc Holdings PLC increased its stake in shares of BlackBerry by 16.7% in the first quarter. Hsbc Holdings PLC now owns 31,641 shares of the company’s stock worth $119,000 after purchasing an additional 4,525 shares during the period. SBI Securities Co. Ltd. increased its position in BlackBerry by 19.5% in the 1st quarter. SBI Securities Co. Ltd. now owns 30,538 shares of the company’s stock worth $115,000 after buying an additional 4,976 shares during the period. Ballentine Partners LLC boosted its position in shares of BlackBerry by 35.4% in the first quarter. Ballentine Partners LLC now owns 23,339 shares of the company’s stock valued at $88,000 after acquiring an additional 6,099 shares during the period. Sigma Planning Corp grew its stake in shares of BlackBerry by 49.0% in the first quarter. Sigma Planning Corp now owns 24,326 shares of the company’s stock worth $92,000 after acquiring an additional 8,000 shares during the last quarter. Finally, Chicago Partners Investment Group LLC acquired a new stake in shares of BlackBerry in the first quarter worth $37,000. 54.48% of the stock is owned by institutional investors and hedge funds.

BlackBerry Price Performance

Shares of BB stock opened at $4.42 on Thursday. The firm has a market cap of $2.61 billion, a price-to-earnings ratio of -442.70 and a beta of 1.51. The stock’s fifty day simple moving average is $4.48 and its 200 day simple moving average is $4.13. BlackBerry Limited has a one year low of $2.29 and a one year high of $6.24. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.20 and a quick ratio of 2.20.

BlackBerry (NYSE:BB) last posted its earnings results on Thursday, September 25th. The company reported $0.04 earnings per share 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 business had revenue of $130.96 million for the quarter, compared to analyst estimates of $122.03 million. The company’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. On average, analysts expect that BlackBerry Limited will post -0.03 earnings per share for the current fiscal year.

Insider Transactions at BlackBerry

In related news, insider Philip S. Kurtz sold 44,178 shares of the company’s stock in a transaction dated Sunday, September 28th. The shares were sold at an average price of $4.95, for a total transaction of $218,681.10. Following the transaction, the insider owned 95,468 shares in the company, valued at $472,566.60. This represents a 31.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John Joseph Giamatteo sold 28,343 shares of the company’s stock in a transaction that occurred 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 owned 568,164 shares in the company, valued at $2,624,917.68. The trade was a 4.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 88,565 shares of company stock valued at $423,706 in the last three months. 0.37% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently commented on BB. Canaccord Genuity Group reiterated a “hold” rating and set a $4.60 target price on shares of BlackBerry in a research note on Friday, September 26th. Robert W. Baird boosted their price objective on shares of BlackBerry from $5.00 to $5.50 and gave the stock a “neutral” rating in a report on Friday, September 26th. Wall Street Zen upgraded shares of BlackBerry from a “hold” rating to a “buy” rating in a research note on Friday, September 26th. Royal Bank Of Canada lifted their target price on BlackBerry from $4.00 to $4.50 and gave the stock a “sector perform” rating in a research report on Friday, September 26th. Finally, TD Cowen reaffirmed a “hold” rating and issued a $5.00 price target on shares of BlackBerry in a report on Friday, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, BlackBerry currently has an average rating of “Hold” and an average 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.