Man Group plc Takes $11.16 Million Position in BlackBerry Limited $BB

Man Group plc bought a new stake in shares of BlackBerry Limited (NYSE:BB) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 883,124 shares of the company’s stock, valued at approximately $11,163,000. Man Group plc owned about 0.15% of BlackBerry as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. V2 Financial group LLC raised its position in BlackBerry by 6.8% in the 1st quarter. V2 Financial group LLC now owns 32,100 shares of the company’s stock valued at $104,000 after buying an additional 2,050 shares during the last quarter. CoreCap Advisors LLC purchased a new position in BlackBerry during the 2nd quarter worth $31,000. Elevation Wealth Partners LLC bought a new position in shares of BlackBerry in the second quarter worth $32,000. Raymond James Financial Inc. grew its position in shares of BlackBerry by 2.1% in the third quarter. Raymond James Financial Inc. now owns 128,998 shares of the company’s stock valued at $630,000 after purchasing an additional 2,689 shares in the last quarter. Finally, Invesco Ltd. grew its position in shares of BlackBerry by 2.4% in the fourth 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. Institutional investors own 54.48% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Weiss Ratings raised BlackBerry from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, July 28th. Stifel Nicolaus assumed coverage on BlackBerry in a report on Wednesday, June 24th. They set a “buy” rating and a $12.00 target price for the company. TD upped their price target on BlackBerry from $5.00 to $8.00 and gave the company a “hold” rating in a research report on Friday, June 26th. Royal Bank Of Canada upped their price target on BlackBerry from $4.50 to $9.00 and gave the company a “sector perform” rating in a research report on Friday, June 26th. Finally, Wall Street Zen raised shares of BlackBerry from a “hold” rating to a “buy” rating in a report on Saturday. Two analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, BlackBerry has an average rating of “Hold” and an average target price of $8.92.

Insiders Place Their Bets

In other news, insider Philip S. Kurtz sold 6,414 shares of the business’s stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $11.07, for a total transaction of $71,002.98. Following the completion of the transaction, the insider owned 125,158 shares of the company’s stock, valued at approximately $1,385,499.06. The trade was a 4.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Tim Foote sold 25,878 shares of the company’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $12.39, for a total transaction of $320,628.42. Following the completion of the transaction, the chief financial officer owned 58,372 shares in the company, valued at approximately $723,229.08. This trade represents a 30.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 355,858 shares of company stock valued at $4,012,270 over the last 90 days. 0.51% of the stock is owned by insiders.

BlackBerry Stock Down 5.5%

BB opened at $8.17 on Friday. The firm has a market capitalization of $4.80 billion, a P/E ratio of 90.79 and a beta of 2.25. BlackBerry Limited has a one year low of $3.12 and a one year high of $13.59. The company has a fifty day moving average price of $9.42 and a 200-day moving average price of $6.75. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.20 and a quick ratio of 2.20.

BlackBerry (NYSE:BB) last issued its quarterly earnings data on Thursday, June 25th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. The company had revenue of $152.90 million for the quarter, compared to the consensus estimate of $136.10 million. BlackBerry had a return on equity of 11.66% and a net margin of 10.31%.The firm’s revenue was up 25.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.02 earnings per share. 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 research analysts expect that BlackBerry Limited will post 0.13 earnings per share for the current fiscal year.

About BlackBerry

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.