BlackBerry (NYSE:BB) SVP Sells $28,678.32 in Stock

BlackBerry Limited (NYSE:BB) SVP Jennifer Armstrong-Owen sold 2,556 shares of BlackBerry stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $11.22, for a total transaction of $28,678.32. Following the completion of the sale, the senior vice president owned 101,751 shares in the company, valued at approximately $1,141,646.22. This trade represents a 2.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

BlackBerry Stock Up 0.0%

BB opened at $11.11 on Thursday. The company has a market cap of $6.51 billion, a PE ratio of 123.40 and a beta of 2.20. BlackBerry Limited has a twelve month low of $3.12 and a twelve month high of $13.59. The company has a 50-day moving average price of $8.57 and a 200 day moving average price of $5.44. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.26.

BlackBerry (NYSE:BB) last posted its quarterly earnings data on Thursday, June 25th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.01. BlackBerry had a return on equity of 11.66% and a net margin of 10.31%.The company had revenue of $152.90 million for the quarter, compared to analysts’ expectations of $136.10 million. During the same period in the previous year, the firm posted $0.02 EPS. BlackBerry’s revenue was up 25.6% compared to the same quarter last year. BlackBerry has set its FY 2027 guidance at 0.160-0.200 EPS and its Q2 2027 guidance at 0.030-0.040 EPS. Sell-side analysts expect that BlackBerry Limited will post 0.13 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of BlackBerry by 1,390.6% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,589,886 shares of the company’s stock valued at $71,397,000 after purchasing an additional 14,544,005 shares during the period. First Trust Advisors LP increased its position in BlackBerry by 34.4% during the fourth 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 raised its stake in BlackBerry by 183.6% during the second 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 period. Dimensional Fund Advisors LP boosted its holdings in BlackBerry by 368.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,078,600 shares of the company’s stock valued at $15,027,000 after purchasing an additional 2,421,578 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in BlackBerry by 139.2% in the 1st 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. Hedge funds and other institutional investors own 54.48% of the company’s stock.

Analyst Ratings Changes

BB has been the topic of a number of research reports. Royal Bank Of Canada raised their price objective on BlackBerry from $4.50 to $9.00 and gave the company a “sector perform” rating in a report on Friday, June 26th. TD Securities reissued a “hold” rating and issued a $8.00 price target on shares of BlackBerry in a research note on Friday, June 26th. Raymond James Financial upped their price objective on shares of BlackBerry from $4.75 to $9.50 and gave the company a “market perform” rating in a research note on Friday, June 26th. Stifel Nicolaus assumed coverage on shares of BlackBerry in a report on Wednesday, June 24th. They issued a “buy” rating and a $12.00 price objective for the company. Finally, Weiss Ratings upgraded BlackBerry from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, June 23rd. Two equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $8.92.

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.