BlackBerry (NYSE:BB) Shares Up 8.8% – Here’s What Happened

BlackBerry Limited (NYSE:BB) rose 8.8% on Thursday . The company traded as high as $8.46 and last traded at $8.4750. 8,904,218 shares changed hands during trading, a decline of 53% from the average session volume of 18,912,469 shares. The stock had previously closed at $7.79.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BB. Wall Street Zen lowered shares of BlackBerry from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Zacks Research downgraded shares of BlackBerry from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. TD Securities reaffirmed a “hold” rating and issued a $8.00 price target on shares of BlackBerry in a research note on Friday, June 26th. Weiss Ratings upgraded shares of BlackBerry from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, July 28th. Finally, Raymond James Financial raised 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. Two research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $8.92.

BlackBerry Stock Performance

The stock has a market cap of $4.98 billion, a price-to-earnings ratio of 93.70 and a beta of 2.25. The company’s 50-day simple moving average is $9.42 and its 200-day simple moving average is $6.70. 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 announced its quarterly earnings data on Thursday, June 25th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. The company had revenue of $152.90 million during 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 company’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.02 EPS. BlackBerry has set its FY 2027 guidance at 0.160-0.200 EPS and its Q2 2027 guidance at 0.030-0.040 EPS. Analysts predict that BlackBerry Limited will post 0.13 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP Jennifer Armstrong-Owen sold 3,296 shares of BlackBerry stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $10.92, for a total value of $35,992.32. Following the transaction, the senior vice president owned 106,091 shares of the company’s stock, valued at approximately $1,158,513.72. This trade represents a 3.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO John Joseph Giamatteo sold 152,012 shares of the business’s stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $11.35, for a total value of $1,725,336.20. Following the sale, the chief executive officer owned 687,246 shares in the company, valued at approximately $7,800,242.10. The trade was a 18.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 355,858 shares of company stock valued at $4,012,270 over the last ninety days. 0.51% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BB. V2 Financial group LLC grew 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 worth $104,000 after purchasing an additional 2,050 shares during the last quarter. CoreCap Advisors LLC bought a new position in shares of BlackBerry during the 2nd quarter worth about $31,000. Elevation Wealth Partners LLC acquired a new position in shares of BlackBerry during the second quarter valued at about $32,000. Raymond James Financial Inc. raised its position in shares of BlackBerry by 2.1% during the third quarter. Raymond James Financial Inc. now owns 128,998 shares of the company’s stock valued at $630,000 after buying an additional 2,689 shares during the last quarter. Finally, Invesco Ltd. lifted its stake 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 buying an additional 2,975 shares during the period. 54.48% of the stock is currently owned by institutional investors and hedge funds.

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.