BlackBerry (BB)

• Market cap: $2.35B
• 1 day: -5.23%
• 5 days: -0.75%
• 1 month: 24.69%
• 3 months: 54.65%
• 6 months: 60.24%
• Year to date: 4.45%
• 1 year: 19.46%
• 5 years: -40.71%
• 10 years: -60.22%
• Sector: Information Technology
• Industry: Prepackaged Software

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 Q3 regulatory filings by fund managers ($100M+ AUM)

29% more call options, than puts

Call options by funds: $11.9M | Put options by funds: $9.24M

2% more capital invested

Capital invested by funds: $664M [Q2] → $678M (+$13.2M) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 2 [Q2] → 2 (+0) [Q3]

8% less repeat investments, than reductions

Existing positions increased: 59 | Existing positions reduced: 64

1.49% less ownership

Funds ownership: 45.33% [Q2] → 43.84% (-1.49%) [Q3]

3% less funds holding

Funds holding: 212 [Q2] → 205 (-7) [Q3]

13% less first-time investments, than exits

New positions opened: 26 | Existing positions closed: 30

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $3 25% downside
• Avg. target: $3.63 9% downside
• High target: $4 0% upside

4 analyst ratings

• positive: 1 25%
• neutral: 3 75%
• negative: 0 0%

RBC Capital Paul Treiber 75% 1-year accuracy 12 / 16 met price target	0% upside $4	Sector Perform Maintained	10 Jan 2025
TD Cowen Daniel Chan 100% 1-year accuracy 4 / 4 met price target	0% upside $4	Buy Upgraded	20 Dec 2024
Canaccord Genuity Kingsley Crane 46% 1-year accuracy 13 / 28 met price target	25% downside $3	Hold Maintained	20 Dec 2024
Baird Luke Junk 62% 1-year accuracy 8 / 13 met price target	12% downside $3.50	Neutral Maintained	20 Dec 2024