BlackBerry (NYSE:BB) CFO Tim Foote Sells 28,600 Shares of Stock

BlackBerry Limited (NYSE:BB) CFO Tim Foote sold 28,600 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $3.82, for a total transaction of $109,252.00. Following the completion of the transaction, the chief financial officer directly owned 41,626 shares of the company’s stock, valued at $159,011.32. This trade represents a 40.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

BlackBerry Stock Up 1.2%

Shares of NYSE BB opened at $3.93 on Wednesday. BlackBerry Limited has a 12-month low of $2.80 and a 12-month high of $6.24. The stock’s fifty day simple moving average is $4.24 and its two-hundred day simple moving average is $4.19. The stock has a market capitalization of $2.32 billion, a PE ratio of 130.88 and a beta of 1.40. 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 (NYSE:BB) last released its quarterly earnings results on Thursday, December 18th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.04 by $0.01. BlackBerry had a return on equity of 8.05% and a net margin of 4.02%.The firm had revenue of $141.80 million during the quarter, compared to analyst estimates of $137.54 million. During the same period in the previous year, the company posted $0.02 EPS. The business’s revenue for the quarter was down 1.3% compared to the same quarter last year. BlackBerry has set its FY 2026 guidance at 0.140-0.160 EPS and its Q4 2026 guidance at 0.030-0.050 EPS. As a group, analysts expect that BlackBerry Limited will post -0.03 EPS for the current fiscal year.

Hedge Funds Weigh In On BlackBerry

Several hedge funds have recently made changes to their positions in BB. Benjamin Edwards Inc. lifted its position in BlackBerry by 16.5% during the 3rd quarter. Benjamin Edwards Inc. now owns 17,005 shares of the company’s stock worth $83,000 after acquiring an additional 2,405 shares during the period. SBI Securities Co. Ltd. raised its stake in shares of BlackBerry by 10.3% in the third quarter. SBI Securities Co. Ltd. now owns 27,434 shares of the company’s stock worth $134,000 after purchasing an additional 2,569 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in shares of BlackBerry by 2.1% during the third quarter. Raymond James Financial Inc. now owns 128,998 shares of the company’s stock worth $630,000 after purchasing an additional 2,689 shares during the period. CI Investments Inc. boosted its position in BlackBerry by 48.4% in the third quarter. CI Investments Inc. now owns 8,414 shares of the company’s stock valued at $41,000 after buying an additional 2,745 shares during the last quarter. Finally, Mackenzie Financial Corp increased its holdings in BlackBerry by 1.1% in the 3rd quarter. Mackenzie Financial Corp now owns 401,841 shares of the company’s stock worth $1,960,000 after buying an additional 4,249 shares during the period. 54.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. TD Securities raised shares of BlackBerry to a “hold” rating in a research report on Monday, December 22nd. Zacks Research downgraded BlackBerry from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 24th. Weiss Ratings reissued a “sell (d+)” rating on shares of BlackBerry in a research report on Friday, December 26th. Royal Bank Of Canada restated a “sector perform” rating and set a $4.50 target price on shares of BlackBerry in a research note on Friday, December 19th. Finally, Robert W. Baird increased their price target on BlackBerry from $5.00 to $5.50 and gave the company a “neutral” rating in a research note on Friday, September 26th. One research analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, BlackBerry currently has an average rating of “Hold” and an average price target of $5.10.

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.