BlackBerry Limited $BB Stock Holdings Lessened by NewGen Asset Management Ltd

NewGen Asset Management Ltd reduced its stake in BlackBerry Limited (NYSE:BB) by 4.0% during the 4th quarter, Holdings Channel reports. The fund owned 2,689,000 shares of the company’s stock after selling 111,000 shares during the period. BlackBerry comprises about 6.3% of NewGen Asset Management Ltd’s portfolio, making the stock its 7th biggest position. NewGen Asset Management Ltd’s holdings in BlackBerry were worth $10,191,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Raymond James Financial Inc. lifted its position in shares of BlackBerry by 2.1% in the third quarter. Raymond James Financial Inc. now owns 128,998 shares of the company’s stock valued at $630,000 after acquiring an additional 2,689 shares in the last quarter. CI Investments Inc. lifted its position in shares of BlackBerry by 48.4% in the third quarter. CI Investments Inc. now owns 8,414 shares of the company’s stock valued at $41,000 after acquiring an additional 2,745 shares in the last quarter. Benjamin Edwards Inc. lifted its position in shares of BlackBerry by 31.5% in the second 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. Mackenzie Financial Corp lifted its position in shares of BlackBerry by 1.1% in the third quarter. Mackenzie Financial Corp now owns 401,841 shares of the company’s stock valued at $1,960,000 after acquiring an additional 4,249 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its position in shares of BlackBerry by 33.9% in the third quarter. Jones Financial Companies Lllp now owns 21,163 shares of the company’s stock valued at $105,000 after acquiring an additional 5,355 shares in the last quarter. 54.48% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on BB. Canaccord Genuity Group reduced their price objective on BlackBerry from $4.60 to $4.40 and set a “hold” rating on the stock in a research report on Friday, April 10th. Wall Street Zen upgraded BlackBerry from a “hold” rating to a “buy” rating in a research report on Monday, June 8th. Weiss Ratings downgraded BlackBerry from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 4th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $4.50 target price on shares of BlackBerry in a research report on Friday, April 10th. One research analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $4.88.

BlackBerry Stock Performance

NYSE BB opened at $9.23 on Tuesday. The business’s 50-day moving average price is $6.54 and its 200 day moving average price is $4.70. The company has a market capitalization of $5.41 billion, a PE ratio of 115.33 and a beta of 2.29. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.26. BlackBerry Limited has a twelve month low of $3.12 and a twelve month high of $10.93.

BlackBerry (NYSE:BB) last released its quarterly earnings data on Thursday, April 9th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. The company had revenue of $157.96 million for the quarter, compared to the consensus estimate of $144.27 million. BlackBerry had a return on equity of 10.09% and a net margin of 9.69%.The company’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period last year, the business posted $0.03 EPS. BlackBerry has set its Q1 2027 guidance at 0.020-0.030 EPS and its FY 2027 guidance at 0.150-0.190 EPS. On average, research analysts predict that BlackBerry Limited will post 0.13 earnings per share for the current year.

Insider Transactions at BlackBerry

In other news, CEO John Joseph Giamatteo sold 27,066 shares of the firm’s stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $3.56, for a total value of $96,354.96. Following the transaction, the chief executive officer directly owned 899,146 shares in the company, valued at $3,200,959.76. This trade represents a 2.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Jennifer Armstrong-Owen sold 29,908 shares of the firm’s stock in a transaction dated Saturday, April 4th. The stock was sold at an average price of $3.56, for a total value of $106,472.48. Following the completion of the transaction, the senior vice president owned 94,903 shares in the company, valued at approximately $337,854.68. This trade represents a 23.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 73,171 shares of company stock worth $260,489. Company insiders own 0.51% of the company’s stock.

BlackBerry Company Profile

BlackBerry Limited, formerly known as Research In Motion (RIM), is a Canadian enterprise software and cybersecurity company based in Waterloo, Ontario. Since its founding in 1984, the firm has evolved from a pioneer in mobile devices into a specialist in secure communications, endpoint management, and embedded systems software. BlackBerry’s core mission today centers on delivering security-first solutions that protect critical data and infrastructure across diverse industries.

At the heart of BlackBerry’s offerings is the BlackBerry Spark® platform, which combines unified endpoint management (UEM), secure communications, and artificial intelligence–driven threat detection into a single framework.