Insider Selling: BlackBerry (NYSE:BB) SVP Sells $35,992.32 in Stock

BlackBerry Limited (NYSE:BB) SVP Jennifer Armstrong-Owen sold 3,296 shares of BlackBerry stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $10.92, for a total transaction of $35,992.32. Following the completion of the sale, the senior vice president directly owned 106,091 shares of the company’s stock, valued at approximately $1,158,513.72. The trade was a 3.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Jennifer Armstrong-Owen also recently made the following trade(s):

• On Thursday, July 2nd, Jennifer Armstrong-Owen sold 2,556 shares of BlackBerry stock. The shares were sold at an average price of $11.22, for a total value of $28,678.32.

BlackBerry Trading Up 0.0%

NYSE:BB opened at $10.97 on Monday. The company’s 50 day moving average is $8.81 and its 200-day moving average is $5.54. 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 Limited has a 12 month low of $3.12 and a 12 month high of $13.59. The firm has a market cap of $6.43 billion, a price-to-earnings ratio of 121.96 and a beta of 2.20.

BlackBerry (NYSE:BB) last posted its quarterly earnings data on Thursday, June 25th. The company reported $0.04 earnings per share 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 business had revenue of $152.90 million during the quarter, compared to analysts’ expectations of $136.10 million. During the same quarter in the previous year, the firm earned $0.02 EPS. The firm’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. Equities analysts anticipate that BlackBerry Limited will post 0.13 EPS for the current year.

Hedge Funds Weigh In On BlackBerry

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BB. V2 Financial group LLC increased its holdings in shares of BlackBerry by 6.8% during the first quarter. V2 Financial group LLC now owns 32,100 shares of the company’s stock worth $104,000 after buying an additional 2,050 shares in the last quarter. CoreCap Advisors LLC acquired a new position in shares of BlackBerry in the 2nd quarter worth approximately $31,000. Elevation Wealth Partners LLC bought a new stake in BlackBerry during the 2nd quarter worth approximately $32,000. Raymond James Financial Inc. grew its position in BlackBerry by 2.1% during the 3rd quarter. Raymond James Financial Inc. now owns 128,998 shares of the company’s stock worth $630,000 after acquiring an additional 2,689 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in BlackBerry by 2.4% during the 4th quarter. Invesco Ltd. now owns 128,487 shares of the company’s stock valued at $487,000 after purchasing an additional 2,975 shares in the last quarter. 54.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. TD lifted their target price on shares of BlackBerry from $5.00 to $8.00 and gave the company a “hold” rating in a research report on Friday, June 26th. Canaccord Genuity Group raised their price target on shares of BlackBerry from $8.20 to $10.30 and gave the stock a “hold” rating in a research note on Friday, June 26th. Wall Street Zen raised BlackBerry from a “hold” rating to a “buy” rating in a report on Monday, June 8th. Stifel Nicolaus initiated coverage on BlackBerry in a research note on Wednesday, June 24th. They issued a “buy” rating and a $12.00 price objective on the stock. Finally, Canadian Imperial Bank of Commerce increased their target price on BlackBerry from $10.00 to $13.00 and gave the stock an “outperformer” rating in a report on Friday, June 26th. Two equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target 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.