Traders Purchase Large Volume of Call Options on BlackBerry (NYSE:BB)

BlackBerry Limited (NYSE:BB) saw unusually large options trading activity on Tuesday. Investors purchased 126,534 call options on the stock. This is an increase of approximately 180% compared to the typical daily volume of 45,223 call options.

Insider Buying and Selling at BlackBerry

In other BlackBerry news, SVP Jennifer Armstrong-Owen sold 29,908 shares of BlackBerry stock in a transaction 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 sale, the senior vice president owned 94,903 shares of the company’s stock, valued at $337,854.68. The trade was a 23.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO John Joseph Giamatteo sold 27,066 shares of BlackBerry stock in a transaction 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 directly owned 899,146 shares in the company, valued at approximately $3,200,959.76. This trade represents a 2.92% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 73,171 shares of company stock worth $260,489. 0.51% of the stock is currently owned by corporate insiders.

Institutional Trading of BlackBerry

Several institutional investors and hedge funds have recently bought and sold shares of BB. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in BlackBerry by 1,390.6% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,589,886 shares of the company’s stock valued at $71,397,000 after buying an additional 14,544,005 shares during the period. First Trust Advisors LP raised its holdings in BlackBerry by 34.4% in the 4th quarter. First Trust Advisors LP now owns 24,991,652 shares of the company’s stock valued at $94,718,000 after buying an additional 6,399,502 shares during the period. Bank of America Corp DE raised its holdings in BlackBerry by 183.6% in the 2nd quarter. Bank of America Corp DE now owns 4,604,205 shares of the company’s stock valued at $21,087,000 after buying an additional 2,980,732 shares during the period. Dimensional Fund Advisors LP raised 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 buying an additional 2,421,578 shares during the period. Finally, Renaissance Technologies LLC raised 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 buying an additional 2,063,153 shares during the period. 54.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on BB shares. Weiss Ratings raised shares of BlackBerry from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 20th. Wall Street Zen cut shares of BlackBerry from a “buy” rating to a “hold” rating in a research note on Sunday. Canaccord Genuity Group reduced their price target on BlackBerry from $4.60 to $4.40 and set a “hold” rating on the stock in a report on Friday, April 10th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $4.50 price target on shares of BlackBerry in a report on Friday, April 10th. One research analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, BlackBerry presently has a consensus rating of “Hold” and a consensus price target of $4.88.

BlackBerry Stock Down 1.4%

NYSE BB opened at $10.18 on Thursday. BlackBerry has a 52 week low of $3.12 and a 52 week high of $10.73. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 0.26. The business’s fifty day simple moving average is $5.57 and its 200-day simple moving average is $4.41. The firm has a market cap of $5.98 billion, a PE ratio of 127.20 and a beta of 2.29.

BlackBerry (NYSE:BB) last posted its quarterly earnings results on Thursday, April 9th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.04 by $0.02. BlackBerry had a return on equity of 10.09% and a net margin of 9.69%.The business had revenue of $157.96 million for the quarter, compared to analyst estimates of $144.27 million. During the same quarter in the previous year, the firm earned $0.03 EPS. The company’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, equities analysts anticipate that BlackBerry will post 0.13 earnings per share for the current year.

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.