BlackBerryBB
Market Cap: $1.33B
About: BlackBerry, once known for being the world's largest smartphone manufacturer, is now exclusively a software provider with a stated goal of end-to-end secure communication for enterprises. The firm provides endpoint management and protection to enterprises, specializing in regulated industries like government, as well as embedded software to the automotive, medical, and industrial markets.
Employees: 6,200
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
41% more repeat investments, than reductions
Existing positions increased: 72 | Existing positions reduced: 51
21% more first-time investments, than exits
New positions opened: 34 | Existing positions closed: 28
3% more funds holding
Funds holding: 203 [Q1] → 209 (+6) [Q2]
2% less call options, than puts
Call options by funds: $16.5M | Put options by funds: $16.8M
7.01% less ownership
Funds ownership: 51.77% [Q1] → 44.76% (-7.01%) [Q2]
22% less capital invested
Capital invested by funds: $845M [Q1] → $656M (-$189M) [Q2]
33% less funds holding in top 10
Funds holding in top 10: 3 [Q1] → 2 (-1) [Q2]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
Raymond James Steven Li 0 / 0 met price target | 111%upside $4.75 | Market Perform Maintained | 28 Jun 2024 |
RBC Capital Paul Treiber 50% 1-year accuracy 6 / 12 met price target | 33%upside $3 | Sector Perform Reiterated | 27 Jun 2024 |
Canaccord Genuity Kingsley Crane 30% 1-year accuracy 7 / 23 met price target | 20%upside $2.70 | Hold Maintained | 27 Jun 2024 |
Baird Luke Junk 45% 1-year accuracy 5 / 11 met price target | 33%upside $3 | Neutral Maintained | 27 Jun 2024 |
Financial journalist opinion
Based on 7 articles about BB published over the past 30 days