Insider Selling: BlackBerry (NYSE:BB) Insider Sells 4,195 Shares of Stock

BlackBerry Limited (NYSE:BB) insider Philip Kurtz sold 4,195 shares of the business’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $11.56, for a total value of $48,494.20. Following the transaction, the insider owned 120,664 shares of the company’s stock, valued at approximately $1,394,875.84. This represents a 3.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

BlackBerry Stock Performance

BB stock traded down $0.14 on Monday, reaching $11.37. The company’s stock had a trading volume of 21,085,844 shares, compared to its average volume of 20,122,301. BlackBerry Limited has a 52 week low of $3.12 and a 52 week high of $13.59. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.20 and a quick ratio of 2.20. The company has a market capitalization of $6.66 billion, a P/E ratio of 126.35 and a beta of 2.20. The firm has a fifty day moving average of $8.22 and a two-hundred day moving average of $5.30.

BlackBerry (NYSE:BB) last announced its earnings results 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 return on equity of 11.66% and a net margin of 10.31%.The firm had revenue of $152.90 million for the quarter, compared to the consensus estimate of $136.10 million. During the same quarter in the previous year, the business earned $0.02 EPS. The firm’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, analysts predict that BlackBerry Limited will post 0.13 EPS for the current fiscal year.

Hedge Funds Weigh In On BlackBerry

Large investors have recently made changes to their positions in the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of BlackBerry by 1.3% in 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 valued at $3,106,000 after acquiring an additional 10,667 shares in the last quarter. Geode Capital Management LLC raised its position in 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 during the period. Creative Planning boosted its position in BlackBerry by 87.5% during the 2nd quarter. Creative Planning now owns 53,413 shares of the company’s stock worth $245,000 after acquiring an additional 24,921 shares during the period. Flow Traders U.S. LLC purchased a new position in BlackBerry during the 2nd quarter valued at about $86,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of BlackBerry by 1,390.6% in 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 period. Institutional investors own 54.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on BB shares. Wall Street Zen raised shares of BlackBerry from a “hold” rating to a “buy” rating in a report on Monday, June 8th. TD Securities reissued a “hold” rating and set a $8.00 target price on shares of BlackBerry in a research note on Friday, June 26th. Canadian Imperial Bank of Commerce upped their price target 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. Raymond James Financial increased their price objective on shares of BlackBerry from $4.75 to $9.50 and gave the company a “market perform” rating in a report on Friday, June 26th. Finally, TD raised their price objective on shares of BlackBerry from $5.00 to $8.00 and gave the company a “hold” rating in a research note on Friday, June 26th. Two equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $8.92.

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.