Insider Selling: BlackBerry (NYSE:BB) Insider Sells $71,002.98 in Stock

BlackBerry Limited (NYSE:BB) insider Philip Kurtz sold 6,414 shares of the company’s stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $11.07, for a total value of $71,002.98. Following the completion of the sale, the insider owned 125,158 shares of the company’s stock, valued at approximately $1,385,499.06. This trade represents a 4.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

BlackBerry Price Performance

NYSE:BB opened at $10.97 on Monday. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.26. The business’s 50-day moving average price is $8.81 and its 200 day moving average price is $5.54. BlackBerry Limited has a 52-week low of $3.12 and a 52-week high of $13.59. The firm has a market cap of $6.43 billion, a P/E 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, beating the consensus estimate of $0.03 by $0.01. BlackBerry had a net margin of 10.31% and a return on equity of 11.66%. The company had revenue of $152.90 million during the quarter, compared to analyst estimates of $136.10 million. During the same quarter last year, the firm posted $0.02 EPS. The business’s revenue for the quarter was up 25.6% on a year-over-year basis. BlackBerry has set its FY 2027 guidance at 0.160-0.200 EPS and its Q2 2027 guidance at 0.030-0.040 EPS. As a group, sell-side analysts predict that BlackBerry Limited will post 0.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on BB. Canadian Imperial Bank of Commerce increased their price objective on BlackBerry from $10.00 to $13.00 and gave the company an “outperformer” rating in a research report on Friday, June 26th. TD Securities restated a “hold” rating and issued a $8.00 target price on shares of BlackBerry in a report on Friday, June 26th. Royal Bank Of Canada boosted their target price on BlackBerry from $4.50 to $9.00 and gave the stock a “sector perform” rating in a research report on Friday, June 26th. Stifel Nicolaus initiated coverage on BlackBerry in a report on Wednesday, June 24th. They set a “buy” rating and a $12.00 target price for the company. Finally, Canaccord Genuity Group lifted their price target on BlackBerry from $8.20 to $10.30 and gave the stock a “hold” rating in a research note on Friday, June 26th. Two research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $8.92.

Hedge Funds Weigh In On BlackBerry

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in BlackBerry by 1.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 823,822 shares of the company’s stock worth $3,106,000 after purchasing an additional 10,667 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of BlackBerry by 263.2% during the second quarter. Geode Capital Management LLC now owns 1,167,739 shares of the company’s stock valued at $5,348,000 after buying an additional 846,208 shares in the last quarter. Creative Planning raised its position in BlackBerry by 87.5% during the second quarter. Creative Planning now owns 53,413 shares of the company’s stock valued at $245,000 after buying an additional 24,921 shares during the period. Flow Traders U.S. LLC acquired a new position in BlackBerry during the second quarter valued at $86,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in BlackBerry by 1,390.6% during 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 buying an additional 14,544,005 shares during the period. Institutional investors and hedge funds own 54.48% of the company’s stock.

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.