BlackBerry Limited $BB Stock Holdings Trimmed by Hollencrest Capital Management

Hollencrest Capital Management lessened its position in shares of BlackBerry Limited (NYSE:BB) by 45.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 274,780 shares of the company’s stock after selling 224,779 shares during the period. Hollencrest Capital Management’s holdings in BlackBerry were worth $1,258,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Benjamin Edwards Inc. raised its position in shares of BlackBerry by 31.5% during the 2nd quarter. Benjamin Edwards Inc. now owns 14,600 shares of the company’s stock valued at $67,000 after acquiring an additional 3,500 shares in the last quarter. Hsbc Holdings PLC increased its stake in BlackBerry by 16.7% during the first quarter. Hsbc Holdings PLC now owns 31,641 shares of the company’s stock valued at $119,000 after purchasing an additional 4,525 shares during the last quarter. Y.D. More Investments Ltd raised its holdings in shares of BlackBerry by 10.1% during the second quarter. Y.D. More Investments Ltd now owns 54,306 shares of the company’s stock worth $247,000 after purchasing an additional 4,999 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of BlackBerry by 1.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 823,822 shares of the company’s stock worth $3,106,000 after buying an additional 10,667 shares during the last quarter. Finally, LeConte Wealth Management LLC acquired a new position in shares of BlackBerry in the 2nd quarter valued at about $61,000. Institutional investors and hedge funds own 54.48% of the company’s stock.

Analyst Upgrades and Downgrades

BB has been the topic of several research reports. TD Cowen reiterated a “hold” rating and set a $5.00 price objective on shares of BlackBerry in a research note on Friday, October 3rd. TD Securities lowered BlackBerry from a “buy” rating to a “hold” rating and upped their target price for the company from $4.00 to $5.00 in a report on Friday, October 3rd. Zacks Research downgraded BlackBerry from a “strong-buy” rating to a “hold” rating in a report on Monday, November 24th. Canaccord Genuity Group restated a “hold” rating and set a $4.60 price objective on shares of BlackBerry in a research report on Friday, September 26th. Finally, Robert W. Baird increased their target price on BlackBerry from $5.00 to $5.50 and gave the stock a “neutral” rating in a research report on Friday, September 26th. One investment analyst has rated the stock with a Buy rating, six 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 target price of $5.10.

BlackBerry Stock Performance

Shares of BB stock opened at $4.29 on Friday. BlackBerry Limited has a 12-month low of $2.66 and a 12-month 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. The firm has a market capitalization of $2.53 billion, a price-to-earnings ratio of -428.50 and a beta of 1.41. The business has a 50 day simple moving average of $4.46 and a 200 day simple moving average of $4.20.

BlackBerry (NYSE:BB) last announced its earnings results on Thursday, September 25th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.03. BlackBerry had a positive return on equity of 6.07% and a negative net margin of 0.60%.The firm had revenue of $130.96 million for the quarter, compared to the consensus estimate of $122.03 million. The company’s revenue was down 10.6% compared to the same quarter last year. BlackBerry has set its Q3 2026 guidance at 0.020-0.040 EPS and its FY 2026 guidance at 0.110-0.15 EPS. On average, equities research analysts anticipate that BlackBerry Limited will post -0.03 EPS for the current year.

Insider Buying and Selling

In other news, insider Mattias Eriksson sold 5,914 shares of the company’s stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $4.62, for a total value of $27,322.68. Following the completion of the sale, the insider directly owned 291,340 shares of the company’s stock, valued at approximately $1,345,990.80. This represents a 1.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Philip S. Kurtz sold 44,178 shares of the firm’s stock in a transaction that occurred on 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 88,565 shares of company stock valued at $423,706 over the last 90 days. 0.37% of the stock is currently owned by company insiders.

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.