Philip Kurtz Sells 4,079 Shares of BlackBerry (NYSE:BB) Stock

BlackBerry Limited (NYSE:BB) insider Philip Kurtz sold 4,079 shares of the business’s stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $3.56, for a total value of $14,521.24. Following the sale, the insider owned 117,484 shares in the company, valued at approximately $418,243.04. The trade was a 3.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

BlackBerry Price Performance

BB traded down $0.07 during trading on Tuesday, reaching $3.49. 9,706,857 shares of the stock were exchanged, compared to its average volume of 7,478,344. The business’s 50 day moving average price is $3.42 and its two-hundred day moving average price is $3.99. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.14 and a quick ratio of 2.14. The company has a market capitalization of $2.05 billion, a price-to-earnings ratio of 116.21 and a beta of 1.70. BlackBerry Limited has a 1 year low of $2.81 and a 1 year high of $5.32.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On BlackBerry

A number of institutional investors have recently made changes to their positions in BB. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of BlackBerry by 1.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 823,822 shares of the company’s stock worth $3,106,000 after acquiring an additional 10,667 shares during the last quarter. Geode Capital Management LLC increased its stake in BlackBerry by 263.2% in the second 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 last quarter. Creative Planning increased its stake in BlackBerry by 87.5% in the second 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 last quarter. Russell Investments Group Ltd. increased its stake in BlackBerry by 15.0% in the second 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 last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in BlackBerry by 137.1% in the second 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 last quarter. 54.48% of the stock is owned by institutional investors and hedge funds.

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.