Duality Advisers LP Has $344,000 Position in BlackBerry Limited (NYSE:BB)

Duality Advisers LP raised its holdings in BlackBerry Limited (NYSE:BB) by 4.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 97,086 shares of the company’s stock after buying an additional 3,837 shares during the period. Duality Advisers LP’s holdings in BlackBerry were worth $344,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Optiver Holding B.V. acquired a new stake in BlackBerry in the 3rd quarter valued at $25,000. GHP Investment Advisors Inc. acquired a new stake in BlackBerry in the 3rd quarter valued at $28,000. Highlander Capital Management LLC increased its stake in BlackBerry by 77.8% in the 4th quarter. Highlander Capital Management LLC now owns 8,000 shares of the company’s stock valued at $28,000 after buying an additional 3,500 shares during the last quarter. Clear Street Markets LLC acquired a new stake in BlackBerry in the 3rd quarter valued at $48,000. Finally, Sequoia Financial Advisors LLC acquired a new stake in BlackBerry in the 3rd quarter valued at $48,000. 54.48% of the stock is currently owned by institutional investors and hedge funds.

BlackBerry Stock Performance

Shares of BB stock opened at $2.83 on Friday. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.25. The company has a 50-day simple moving average of $2.79 and a 200 day simple moving average of $3.25. BlackBerry Limited has a 52 week low of $2.46 and a 52 week high of $5.75.

BlackBerry (NYSE:BB) last announced its earnings results on Wednesday, April 3rd. The company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.06. The business had revenue of $173.00 million during the quarter, compared to the consensus estimate of $150.47 million. BlackBerry had a negative net margin of 15.24% and a negative return on equity of 0.24%. BlackBerry’s revenue was up 14.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.04) EPS. As a group, equities analysts forecast that BlackBerry Limited will post -0.09 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BB. Royal Bank of Canada restated a “sector perform” rating and set a $3.00 price objective on shares of BlackBerry in a research note on Thursday, April 4th. CIBC lowered their price objective on shares of BlackBerry from $4.25 to $3.50 and set a “neutral” rating on the stock in a research note on Wednesday, February 14th. Robert W. Baird lowered their price objective on shares of BlackBerry from $4.50 to $3.50 and set a “neutral” rating on the stock in a research note on Wednesday, February 14th. Finally, StockNews.com lowered shares of BlackBerry from a “hold” rating to a “sell” rating in a research note on Wednesday, February 21st. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. According to MarketBeat, BlackBerry has a consensus rating of “Hold” and a consensus target price of $4.08.

Insider Buying and Selling

In other BlackBerry news, Director Philip G. Brace acquired 35,000 shares of the business’s stock in a transaction on Wednesday, February 14th. The stock was purchased at an average price of $2.79 per share, with a total value of $97,650.00. Following the acquisition, the director now directly owns 35,000 shares of the company’s stock, valued at approximately $97,650. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.94% of the stock is currently owned by insiders.

BlackBerry Company 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.