883,124 Shares in BlackBerry Limited $BB Bought by Man Group plc

Man Group plc bought a new stake in BlackBerry Limited (NYSE:BB) during the second quarter, HoldingsChannel reports. The fund bought 883,124 shares of the company’s stock, valued at approximately $11,163,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Legal & General Group Plc purchased a new position in shares of BlackBerry in the 2nd quarter worth about $480,710,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of BlackBerry by 1,390.6% during 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 purchasing an additional 14,544,005 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of BlackBerry by 34.4% during 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 in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of BlackBerry during the 2nd quarter valued at about $69,786,000. Finally, BlackRock Inc. bought a new stake in BlackBerry in the 2nd quarter worth approximately $42,002,000. Institutional investors own 54.48% of the company’s stock.

Insider Buying and Selling

In related news, CFO Tim Foote sold 8,235 shares of the company’s stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $10.92, for a total transaction of $89,926.20. Following the completion of the sale, the chief financial officer directly owned 73,535 shares in the company, valued at $803,002.20. This represents a 10.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO John Joseph Giamatteo sold 152,012 shares of the company’s stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $11.35, for a total transaction of $1,725,336.20. Following the sale, the chief executive officer owned 687,246 shares of the company’s stock, valued at $7,800,242.10. This represents a 18.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 355,858 shares of company stock worth $4,012,270. 0.51% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on BB shares. Stifel Nicolaus assumed coverage on BlackBerry in a research note on Wednesday, June 24th. They issued a “buy” rating and a $12.00 target price for the company. Weiss Ratings raised shares of BlackBerry from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, July 28th. Canaccord Genuity Group boosted their price objective on shares of BlackBerry from $8.20 to $10.30 and gave the stock a “hold” rating in a report on Friday, June 26th. Royal Bank Of Canada upped their price objective on shares of BlackBerry from $4.50 to $9.00 and gave the company a “sector perform” rating in a research note on Friday, June 26th. Finally, TD Securities reaffirmed a “hold” rating and set a $8.00 target price on shares of BlackBerry in a report 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 data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $8.92.

BlackBerry Trading Down 5.5%

NYSE BB opened at $8.17 on Friday. The firm has a market cap of $4.80 billion, a PE ratio of 90.79 and a beta of 2.25. BlackBerry Limited has a 1-year low of $3.12 and a 1-year high of $13.59. The stock has a 50-day moving average of $9.42 and a 200-day moving average of $6.75. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.26.

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