BlackRock Inc. cut its stake in shares of BlackBerry limited (NYSE:BB) by means of 1.0% throughout the third quarter, HoldingsChannel.com reports. The fund owned 1,737,131 shares of the company's inventory after promoting 18,255 shares all through the quarter. BlackRock Inc.'s holdings in BlackBerry have been value $7,973,000 at the conclusion of the most fresh quarter.
other tremendous traders additionally recently modified their holdings of the enterprise. Wells Fargo & company MN lifted its stake in shares of BlackBerry with the aid of fifty five.1% all through the third quarter. Wells Fargo & business MN now owns 7,185,252 shares of the business's stock worth $32,981,000 after purchasing an additional 2,552,086 shares all through the duration. Scotia Capital Inc. elevated its stake in shares of BlackBerry by way of four.0% during the 2nd quarter. Scotia Capital Inc. now owns 226,577 shares of the business's stock price $1,one hundred thirty,000 after procuring an additional 8,683 shares in the closing quarter. Avantax Advisory services Inc. bought a new stake in shares of BlackBerry right through the third quarter worth about $65,000. Aigen funding administration LP bought a brand new stake in BlackBerry right through the third quarter valued at about $68,000. ultimately, CIBC Asset management Inc grew its stake in BlackBerry by u sing 2.5% all the way through the third quarter. CIBC Asset administration Inc now owns 343,924 shares of the enterprise's stock valued at $1,577,000 after buying an extra eight,542 shares within the last quarter. 46.forty seven% of the inventory is at present owned by means of institutional buyers and hedge cash.
BB has been the subject matter of a couple of fresh analyst stories. Raymond James upped their rate purpose on shares of BlackBerry from $7.50 to $8.00 and gave the inventory a "market perform" rating in a file on Sunday. Royal bank of Canada extended their fee goal on shares of BlackBerry from $5.00 to $7.50 and gave the company a "sector operate" rating in a research file on Tuesday, December fifteenth. They stated that the flow turned into a valuation name. TD Securities multiplied their cost goal on shares of BlackBerry from $5.50 to $eight.50 and gave the business a "hold" rating in a research file on Friday. eventually, Zacks investment research downgraded shares of BlackBerry from a "buy" rating to a "cling" score and set a $6.00 rate purpose on the stock. in a research file on Tuesday, November twenty fourth. Thirteen funding analysts have rated the stock with a hang score, The company presently has a consensus rating of "cling" and a consensus goal price of $6.36.
In different BlackBerry information, EVP Nita C. White-Ivy sold 7,867 shares of the company’s stock in a transaction dated Friday, September 25th. The shares had been sold at an ordinary rate of $4.sixty eight, for a complete transaction of $36,817.56. Following the completion of the transaction, the government vp now at once owns 213,944 shares within the business, valued at approximately $1,001,257.92. The transaction become disclosed in a felony submitting with the Securities & alternate commission, which is attainable via this hyperlink. additionally, insider Randall prepare dinner sold 6,041 shares of the firm's stock in a transaction dated Friday, September 25th. The shares have been offered at a standard price of $four.sixty eight, for a total transaction of $28,271.88. The disclosure for this sale can also be found right here. Insiders sold 827,273 shares of company inventory valued at $3,853,961 within the remaining quarter. enterprise insiders own 1.56% of the bu siness's stock.BB inventory opened at $7.11 on Tuesday. BlackBerry constrained has a 12 months low of $2.70 and a one year high of $9.sixty nine. The inventory has a market capitalization of $four.00 billion, a PE ratio of -5.39 and a beta of 1.fifty nine. The business has a fifty day relocating ordinary of $6.37 and a 200-day moving common of $5.26.
BlackBerry (NYSE:BB) ultimate launched its profits consequences on Wednesday, December sixteenth. The enterprise mentioned $0.02 EPS for the quarter, topping the Thomson Reuters' consensus estimate of ($0.01) by using $0.03. BlackBerry had a terrible web margin of 72.19% and a good return on fairness of three.91%. The enterprise had earnings of $224.00 million all over the quarter, compared to analysts' expectations of $224.72 million. throughout the equal quarter closing yr, the business earned $0.03 EPS. The business's income changed into down 20.0% on a year-over-12 months groundwork. Equities analysis analysts forecast that BlackBerry limited will publish -0.02 salary per share for the latest year.
BlackBerry business Profile
BlackBerry limited provides intelligent security utility and services to enterprises and governments global. The enterprise leverages artificial intelligence and computer gaining knowledge of to carry options in the areas of cybersecurity; protection and statistics privacy; and endpoint safety management, encryption, and embedded techniques.
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