Jennifer Armstrong-Owen Sells 2,888 Shares of BlackBerry (NYSE:BB) Stock

BlackBerry Limited (NYSE:BB) SVP Jennifer Armstrong-Owen sold 2,888 shares of the stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $3.56, for a total value of $10,281.28. Following the completion of the transaction, the senior vice president directly owned 98,161 shares in the company, valued at $349,453.16. This trade represents a 2.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Jennifer Armstrong-Owen also recently made the following trade(s):

• On Saturday, April 4th, Jennifer Armstrong-Owen sold 29,908 shares of BlackBerry stock. The stock was sold at an average price of $3.56, for a total value of $106,472.48.

BlackBerry Trading Up 1.6%

Shares of 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. The firm has a market capitalization of $2.08 billion, a P/E ratio of 117.87 and a beta of 1.70. The stock’s fifty day simple moving average is $3.41 and its 200 day simple moving average is $3.98. BlackBerry Limited has a twelve month low of $2.83 and a twelve month high of $5.32.

Analyst Upgrades and Downgrades

BB has been the topic of several research reports. Wall Street Zen lowered BlackBerry from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $4.50 price objective on shares of BlackBerry in a research report on Friday, December 19th. TD Securities raised BlackBerry to a “hold” rating in a research report on Monday, December 22nd. Canaccord Genuity Group reissued a “hold” rating and issued a $4.60 price objective on shares of BlackBerry in a research report on Friday, December 19th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of BlackBerry in a research report on Wednesday, March 25th. One investment analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $4.92.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in shares of BlackBerry by 2.2% during the third quarter. Vanguard Group Inc. now owns 23,793,046 shares of the company’s stock valued at $116,086,000 after acquiring an additional 517,715 shares in the last quarter. First Trust Advisors LP grew its stake in shares of BlackBerry by 18.1% during the third quarter. First Trust Advisors LP now owns 18,592,150 shares of the company’s stock valued at $90,730,000 after acquiring an additional 2,844,036 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of BlackBerry by 137.1% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,788,921 shares of the company’s stock valued at $12,780,000 after acquiring an additional 1,612,465 shares in the last quarter. Hood River Capital Management LLC acquired a new stake in shares of BlackBerry during the second quarter valued at about $52,441,000. Finally, Oppenheimer & Co. Inc. acquired a new stake in shares of BlackBerry during the third quarter valued at about $1,192,000. 54.48% of the stock is owned by hedge funds and other 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.