Connor Clark & Lunn Investment Management Ltd. Makes New $69.79 Million Investment in BlackBerry Limited $BB

Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of BlackBerry Limited (NYSE:BB) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 5,533,805 shares of the company’s stock, valued at approximately $69,786,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. General American Investors Co. Inc. acquired a new stake in BlackBerry during the 4th quarter worth approximately $3,892,000. Renaissance Technologies LLC grew its holdings in BlackBerry by 139.2% in the 1st quarter. Renaissance Technologies LLC now owns 3,545,543 shares of the company’s stock valued at $11,488,000 after buying an additional 2,063,153 shares in the last quarter. Havemeyer Place LP acquired a new position in BlackBerry in the 4th quarter valued at $1,349,000. Deepwater Asset Management LLC bought a new position in BlackBerry during the 2nd quarter worth $9,240,000. Finally, Quantbot Technologies LP bought a new position in BlackBerry during the 2nd quarter worth $4,784,000. Institutional investors and hedge funds own 54.48% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Jennifer Armstrong-Owen sold 3,296 shares of the firm’s stock in a transaction that occurred on Thursday, July 9th. The shares were sold at an average price of $10.92, for a total value of $35,992.32. Following the sale, the senior vice president directly owned 106,091 shares in the company, valued at approximately $1,158,513.72. This trade represents a 3.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO John Joseph Giamatteo sold 152,012 shares of BlackBerry stock in a transaction that occurred on Thursday, July 9th. The shares were sold at an average price of $11.35, for a total transaction of $1,725,336.20. Following the sale, the chief executive officer directly owned 687,246 shares in the company, valued at $7,800,242.10. This trade represents a 18.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 355,858 shares of company stock worth $4,012,270. Insiders own 0.51% of the company’s stock.

BlackBerry Trading Up 0.1%

BB opened at $8.05 on Monday. The company has a 50-day simple moving average of $9.50 and a 200 day simple moving average of $6.61. The stock has a market capitalization of $4.73 billion, a price-to-earnings ratio of 89.45 and a beta of 2.25. The company has a quick ratio of 2.20, a current ratio of 2.20 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 $13.59.

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on BB shares. TD lifted their target price on BlackBerry from $5.00 to $8.00 and gave the stock a “hold” rating in a report on Friday, June 26th. Canadian Imperial Bank of Commerce upped their price target on shares of BlackBerry from $10.00 to $13.00 and gave the company an “outperformer” rating in a research note on Friday, June 26th. Raymond James Financial lifted their price objective 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. Canaccord Genuity Group boosted their price objective on shares of BlackBerry from $8.20 to $10.30 and gave the company a “hold” rating in a report on Friday, June 26th. Finally, Royal Bank Of Canada increased their target price on shares of BlackBerry from $4.50 to $9.00 and gave the stock a “sector perform” rating in a research report on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $8.92.

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.