BlackBerry (NYSE:BB) SVP Sells 2,556 Shares of Stock

BlackBerry Limited (NYSE:BB) SVP Jennifer Armstrong-Owen sold 2,556 shares of the business’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $11.22, for a total value of $28,678.32. Following the completion of the sale, the senior vice president directly owned 101,751 shares of the company’s stock, valued at $1,141,646.22. The trade was a 2.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

BlackBerry Stock Down 1.2%

BB stock traded down $0.14 during trading on Monday, reaching $11.37. The stock had a trading volume of 21,085,844 shares, compared to its average volume of 20,122,301. The company has a market capitalization of $6.66 billion, a price-to-earnings ratio of 126.35 and a beta of 2.20. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.26. The company’s 50 day moving average is $8.22 and its two-hundred day moving average is $5.30. BlackBerry Limited has a one year low of $3.12 and a one year high of $13.59.

BlackBerry (NYSE:BB) last released its earnings results on Thursday, June 25th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. The business had revenue of $152.90 million during the quarter, compared to the consensus estimate of $136.10 million. BlackBerry had a return on equity of 11.66% and a net margin of 10.31%.The business’s revenue for the quarter was up 25.6% on a year-over-year basis. During the same period last year, the business posted $0.02 earnings per share. BlackBerry has set its FY 2027 guidance at 0.160-0.200 EPS and its Q2 2027 guidance at 0.030-0.040 EPS. Equities research analysts forecast that BlackBerry Limited will post 0.13 EPS for the current year.

Institutional Investors Weigh In On BlackBerry

Hedge funds have recently bought and sold shares of the business. Delos Wealth Advisors LLC bought a new stake in BlackBerry in the third quarter worth $34,000. Wealthfront Advisers LLC purchased a new position in BlackBerry in the first quarter worth about $34,000. Bank of New York Mellon Corp purchased a new stake in shares of BlackBerry during the first quarter valued at approximately $37,000. CI Investments Inc. increased its position in shares of BlackBerry by 48.4% during 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. Finally, Portfolio Resources Advisor Group Inc. bought a new position in BlackBerry in the 4th quarter valued at approximately $46,000. Institutional investors own 54.48% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on BB shares. Raymond James Financial lifted their price target on shares of BlackBerry from $4.75 to $9.50 and gave the stock a “market perform” rating in a research note on Friday, June 26th. Canadian Imperial Bank of Commerce boosted their price objective on BlackBerry from $10.00 to $13.00 and gave the company an “outperformer” rating in a research report on Friday, June 26th. TD upped their price target on shares of BlackBerry from $5.00 to $8.00 and gave the company a “hold” rating in a report on Friday, June 26th. Royal Bank Of Canada upped their price objective on shares of BlackBerry from $4.50 to $9.00 and gave the company a “sector perform” rating in a research note on Friday, June 26th. Finally, Stifel Nicolaus initiated coverage on BlackBerry in a research report on Wednesday, June 24th. They set a “buy” rating and a $12.00 price target for the company. Two investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $8.92.

About BlackBerry

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.