BlackBerry Sees Unusually Large Options Volume (NYSE:BB)

BlackBerry Limited (NYSE:BB) was the recipient of unusually large options trading activity on Monday. Investors purchased 51,950 call options on the company. This is an increase of 62% compared to the typical volume of 32,093 call options.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on BB shares. Royal Bank Of Canada reissued a “sector perform” rating and issued a $4.50 price objective on shares of BlackBerry in a research note on Friday, April 10th. Wall Street Zen cut shares of BlackBerry from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Canaccord Genuity Group reduced their price objective on shares of BlackBerry from $4.60 to $4.40 and set a “hold” rating for the company in a research note on Friday, April 10th. Finally, Weiss Ratings cut shares of BlackBerry from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, April 27th. One investment analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $4.88.

BlackBerry Stock Performance

BB opened at $6.40 on Tuesday. The stock has a market capitalization of $3.76 billion, a price-to-earnings ratio of 79.95 and a beta of 2.10. The company has a fifty day moving average of $4.38 and a 200 day moving average of $4.10. BlackBerry has a fifty-two week low of $3.12 and a fifty-two week high of $6.64. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.12 and a current ratio of 2.12.

BlackBerry (NYSE:BB) last posted its earnings results on Thursday, April 9th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.02. The company had revenue of $157.96 million during the quarter, compared to analysts’ expectations of $144.27 million. BlackBerry had a net margin of 9.69% and a return on equity of 10.09%. BlackBerry’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period last year, the company posted $0.03 earnings per share. 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 forecast that BlackBerry will post 0.13 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO John Joseph Giamatteo sold 27,066 shares of the stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $3.56, for a total value of $96,354.96. Following the completion of the sale, the chief executive officer directly owned 899,146 shares of the company’s stock, valued at $3,200,959.76. This represents a 2.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Jennifer Armstrong-Owen sold 29,908 shares of the stock in a transaction on Saturday, April 4th. The stock was 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 directly owned 94,903 shares of the company’s stock, valued at approximately $337,854.68. This trade represents a 23.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 73,171 shares of company stock valued at $260,489. Corporate insiders own 0.51% of the company’s stock.

Hedge Funds Weigh In On BlackBerry

Several institutional investors have recently bought and sold shares of BB. Amundi lifted its position in BlackBerry by 52.7% during the first quarter. Amundi now owns 116,430 shares of the company’s stock valued at $377,000 after purchasing an additional 40,184 shares during the last quarter. Renaissance Technologies LLC lifted its position in BlackBerry by 139.2% during the first quarter. Renaissance Technologies LLC now owns 3,545,543 shares of the company’s stock valued at $11,488,000 after purchasing an additional 2,063,153 shares during the last quarter. Wealthfront Advisers LLC bought a new position in BlackBerry during the first quarter valued at $34,000. Bank of New York Mellon Corp bought a new position in BlackBerry during the first quarter valued at $37,000. Finally, V2 Financial group LLC lifted its position in BlackBerry by 6.8% during the first quarter. V2 Financial group LLC now owns 32,100 shares of the company’s stock valued at $104,000 after purchasing an additional 2,050 shares during the last quarter. 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.