BlackBerry (NYSE:BB) SVP Jennifer Armstrong-Owen Sells 3,379 Shares of Company Stock

BlackBerry Limited (NYSE:BB) SVP Jennifer Armstrong-Owen sold 3,379 shares of the stock in a transaction on Friday, October 9th. The shares were sold at an average price of $8.36, for a total value of $28,248.44. Following the transaction, the senior vice president directly owned 113,904 shares of the company’s stock, valued at approximately $952,237.44. This trade represents a 2.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Jennifer Armstrong-Owen also recently made the following trade(s):

• On Friday, October 2nd, Jennifer Armstrong-Owen sold 2,590 shares of BlackBerry stock. The stock was sold at an average price of $9.20, for a total value of $23,828.00.

BlackBerry Stock Performance

Shares of BB opened at $8.48 on Wednesday. BlackBerry Limited has a 1 year low of $3.12 and a 1 year high of $13.59. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.38 and a quick ratio of 2.38. The stock’s fifty day moving average price is $8.38 and its two-hundred day moving average price is $7.87. The firm has a market cap of $4.98 billion, a PE ratio of 49.71 and a beta of 2.20.

BlackBerry (NYSE:BB) last announced its quarterly earnings data on Thursday, September 24th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.03. BlackBerry had a return on equity of 13.71% and a net margin of 13.09%. The company had revenue of $166.56 million during the quarter, compared to analyst estimates of $144.22 million. During the same quarter last year, the firm posted $0.04 EPS. The firm’s revenue for the quarter was up 26.0% on a year-over-year basis. BlackBerry has set its FY 2027 guidance at 0.190-0.220 EPS and its Q3 2027 guidance at 0.040-0.050 EPS. On average, equities research analysts forecast that BlackBerry Limited will post 0.17 EPS for the current year.

Analyst Upgrades and Downgrades

BB has been the subject of several recent research reports. Canadian Imperial Bank of Commerce lifted their target price on shares of BlackBerry from $10.00 to $13.00 and gave the stock an “outperformer” rating in a research note on Friday, June 26th. Stifel Nicolaus assumed coverage on shares of BlackBerry in a research note on Wednesday, June 24th. They set a “buy” rating and a $12.00 price target on the stock. TD Securities reaffirmed a “hold” rating and issued a $8.00 price objective on shares of BlackBerry in a report on Friday, June 26th. Canaccord Genuity Group reduced their price objective on shares of BlackBerry from $10.30 to $9.50 and set a “hold” rating for the company in a research note on Friday, September 25th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $9.00 price objective on shares of BlackBerry in a research note on Monday, September 21st. Two investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, BlackBerry presently has an average rating of “Hold” and a consensus price target of $9.86.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. V2 Financial group LLC increased its position in shares of BlackBerry by 6.8% during the first 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 period. Integrated Wealth Concepts LLC bought a new position in BlackBerry in the second quarter worth about $31,000. CoreCap Advisors LLC purchased a new stake in BlackBerry in the second quarter worth about $31,000. Elevation Wealth Partners LLC purchased a new stake in BlackBerry in the second quarter worth about $32,000. Finally, Global Retirement Partners LLC purchased a new stake in BlackBerry in the second quarter worth about $50,000. Hedge funds and other institutional investors own 54.48% of the company’s stock.

BlackBerry Company Profile

BlackBerry Limited is a Canadian technology company that provides cybersecurity and Internet of Things (IoT) software. Its cybersecurity offerings support endpoint protection, threat detection and response, secure communications, identity management, and unified endpoint management for businesses and government organizations.

Through its QNX business, BlackBerry supplies secure, safety-certified real-time operating systems and embedded software for automotive systems and other connected devices.