Tim Foote Sells 6,762 Shares of BlackBerry (NYSE:BB) Stock

BlackBerry Limited (NYSE:BB) CFO Tim Foote sold 6,762 shares of the stock in a transaction that occurred on Saturday, April 4th. The stock was sold at an average price of $3.56, for a total transaction of $24,072.72. Following the completion of the transaction, the chief financial officer owned 76,277 shares in the company, valued at $271,546.12. The trade was a 8.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Tim Foote also recently made the following trade(s):

• On Thursday, April 2nd, Tim Foote sold 2,468 shares of BlackBerry stock. The stock was sold at an average price of $3.56, for a total transaction of $8,786.08.

BlackBerry Stock Up 1.6%

BB opened at $3.54 on Thursday. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.26. BlackBerry Limited has a 1-year low of $2.83 and a 1-year high of $5.32. The company has a market capitalization of $2.08 billion, a PE ratio of 117.87 and a beta of 1.70. The firm’s 50 day simple moving average is $3.41 and its two-hundred day simple moving average is $3.98.

Analysts Set New Price Targets

Several research analysts have weighed in on BB shares. Wall Street Zen downgraded shares of BlackBerry from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Weiss Ratings reiterated a “sell (d+)” rating on shares of BlackBerry in a research report on Wednesday, March 25th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $4.50 price target on shares of BlackBerry in a research report on Friday, December 19th. Canaccord Genuity Group reiterated a “hold” rating and issued a $4.60 price target on shares of BlackBerry in a research report on Friday, December 19th. Finally, TD Securities upgraded shares of BlackBerry to a “hold” rating in a research report on Monday, December 22nd. One investment analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $4.92.

Institutional Trading of BlackBerry

Several institutional investors and hedge funds have recently modified their holdings of BB. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of BlackBerry by 1.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 823,822 shares of the company’s stock valued at $3,106,000 after purchasing an additional 10,667 shares during the period. Geode Capital Management LLC raised its position in shares of BlackBerry by 263.2% during the 2nd quarter. Geode Capital Management LLC now owns 1,167,739 shares of the company’s stock valued at $5,348,000 after purchasing an additional 846,208 shares during the period. Creative Planning raised its position in shares of BlackBerry by 87.5% during the 2nd quarter. Creative Planning now owns 53,413 shares of the company’s stock valued at $245,000 after purchasing an additional 24,921 shares during the period. Russell Investments Group Ltd. raised its position in shares of BlackBerry by 15.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 393,561 shares of the company’s stock valued at $1,804,000 after purchasing an additional 51,305 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of BlackBerry by 137.1% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,788,921 shares of the company’s stock valued at $12,780,000 after purchasing an additional 1,612,465 shares during the period. 54.48% of the stock is currently owned by institutional investors.

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.