Insider Selling: BlackBerry (NYSE:BB) CFO Sells 8,235 Shares

BlackBerry Limited (NYSE:BB) 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 value of $89,926.20. Following the transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Tim Foote also recently made the following trade(s):

• On Thursday, July 2nd, Tim Foote sold 25,878 shares of BlackBerry stock. The stock was sold at an average price of $12.39, for a total value of $320,628.42.

BlackBerry Stock Performance

BlackBerry stock traded down $0.46 during midday trading on Friday, reaching $10.97. The stock had a trading volume of 17,606,601 shares, compared to its average volume of 20,262,213. BlackBerry Limited has a 12 month low of $3.12 and a 12 month high of $13.59. The firm’s 50-day moving average price is $8.70 and its 200 day moving average price is $5.50. The firm has a market capitalization of $6.43 billion, a PE ratio of 121.96 and a beta of 2.20. 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 issued its earnings results on Thursday, June 25th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. The firm had revenue of $152.90 million during the quarter, compared to analyst estimates of $136.10 million. BlackBerry had a net margin of 10.31% and a return on equity of 11.66%. The company’s quarterly revenue was up 25.6% on a year-over-year basis. During the same quarter last year, the business earned $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. As a group, research analysts predict that BlackBerry Limited will post 0.13 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BB has been the subject of a number of recent research reports. Wall Street Zen upgraded shares of BlackBerry from a “hold” rating to a “buy” rating in a research note on Monday, June 8th. Canaccord Genuity Group boosted their price objective on BlackBerry from $8.20 to $10.30 and gave the company a “hold” rating in a research note on Friday, June 26th. TD Securities reissued a “hold” rating and set a $8.00 price objective on shares of BlackBerry in a report on Friday, June 26th. Weiss Ratings lowered BlackBerry from a “hold (c)” rating to a “sell (d+)” rating in a report on Tuesday. Finally, 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. Two analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $8.92.

Institutional Trading of BlackBerry

Institutional investors and hedge funds have recently modified their holdings of the business. General American Investors Co. Inc. bought a new position in BlackBerry during the 4th quarter worth approximately $3,892,000. Havemeyer Place LP bought a new position in BlackBerry in the 4th quarter worth $1,349,000. Hsbc Holdings PLC raised its stake in BlackBerry by 1,501.9% in the fourth quarter. Hsbc Holdings PLC now owns 1,890,023 shares of the company’s stock worth $7,116,000 after buying an additional 1,772,039 shares in the last quarter. TD Asset Management Inc lifted its holdings in BlackBerry by 3.4% in the fourth quarter. TD Asset Management Inc now owns 1,809,320 shares of the company’s stock worth $6,837,000 after buying an additional 60,320 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in BlackBerry by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 23,935,970 shares of the company’s stock worth $90,334,000 after buying an additional 142,924 shares during the period. Hedge funds and other institutional investors own 54.48% of the company’s stock.

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.