BlackBerry (NYSE:BB) Reaches New 52-Week High – Here’s What Happened

BlackBerry Limited (NYSE:BB) hit a new 52-week high on Monday . The stock traded as high as $6.07 and last traded at $5.9380, with a volume of 3570844 shares trading hands. The stock had previously closed at $5.42.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Canaccord Genuity Group dropped their price target on shares of BlackBerry from $4.60 to $4.40 and set a “hold” rating on the stock in a research report on Friday, April 10th. Weiss Ratings cut shares of BlackBerry from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, April 27th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $4.50 price target on shares of BlackBerry in a research report on Friday, April 10th. Finally, Wall Street Zen cut shares of BlackBerry from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. One research analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $4.88.

BlackBerry Stock Performance

The company’s 50-day simple moving average is $3.84 and its 200 day simple moving average is $4.00. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.26. The stock has a market cap of $3.34 billion, a P/E ratio of 73.57 and a beta of 2.10.

BlackBerry (NYSE:BB) last issued its quarterly earnings results on Thursday, April 9th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.02. BlackBerry had a net margin of 9.69% and a return on equity of 10.09%. The company had revenue of $157.96 million during the quarter, compared to analyst estimates of $144.27 million. During the same quarter last year, the business posted $0.03 EPS. BlackBerry’s quarterly revenue was up 10.1% compared to the same quarter last year. BlackBerry has set its Q1 2027 guidance at 0.020-0.030 EPS and its FY 2027 guidance at 0.150-0.190 EPS. As a group, sell-side analysts expect that BlackBerry Limited will post 0.13 EPS for the current fiscal year.

Insider Activity at BlackBerry

In other news, SVP Jennifer Armstrong-Owen sold 29,908 shares of the firm’s stock in a transaction that occurred on Saturday, April 4th. The shares were sold at an average price of $3.56, for a total transaction of $106,472.48. Following the completion of the sale, the senior vice president owned 94,903 shares in the company, valued at $337,854.68. This trade represents a 23.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO John Joseph Giamatteo sold 27,066 shares of the firm’s stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $3.56, for a total transaction of $96,354.96. Following the sale, the chief executive officer owned 899,146 shares of the company’s stock, valued at approximately $3,200,959.76. The trade was a 2.92% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 73,171 shares of company stock valued at $260,489. 0.37% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On BlackBerry

Several large investors have recently modified their holdings of BB. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of BlackBerry by 1,390.6% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,589,886 shares of the company’s stock worth $71,397,000 after purchasing an additional 14,544,005 shares during the last quarter. First Trust Advisors LP increased its stake in shares of BlackBerry by 34.4% during the 4th quarter. First Trust Advisors LP now owns 24,991,652 shares of the company’s stock worth $94,718,000 after purchasing an additional 6,399,502 shares during the last quarter. Bank of America Corp DE increased its stake in shares of BlackBerry by 183.6% during the 2nd quarter. Bank of America Corp DE now owns 4,604,205 shares of the company’s stock worth $21,087,000 after purchasing an additional 2,980,732 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of BlackBerry by 368.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,078,600 shares of the company’s stock worth $15,027,000 after purchasing an additional 2,421,578 shares during the last quarter. Finally, Hsbc Holdings PLC increased its stake in shares of BlackBerry by 1,501.9% during the 4th quarter. Hsbc Holdings PLC now owns 1,890,023 shares of the company’s stock worth $7,116,000 after purchasing an additional 1,772,039 shares during the last quarter. Hedge funds and other institutional investors own 54.48% of the company’s stock.

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.