Canada Pension Plan Investment Board Makes New Investment in BlackBerry Limited $BB

Canada Pension Plan Investment Board purchased a new stake in shares of BlackBerry Limited (NYSE:BB) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,648,600 shares of the company’s stock, valued at approximately $20,798,000.

Several other large investors have also recently made changes to their positions in BB. CoreCap Advisors LLC purchased a new stake in shares of BlackBerry in the 2nd quarter valued at $31,000. Elevation Wealth Partners LLC bought a new position in shares of BlackBerry during the 2nd quarter valued at $32,000. Wealthfront Advisers LLC purchased a new position in BlackBerry in the 1st quarter worth $34,000. Bank of New York Mellon Corp purchased a new position in BlackBerry in the 1st quarter worth $37,000. Finally, Portfolio Resources Advisor Group Inc. bought a new stake in BlackBerry in the fourth quarter worth $46,000. 54.48% of the stock is owned by hedge funds and other institutional investors.

BlackBerry Trading Down 5.5%

Shares of BB opened at $8.17 on Friday. The stock has a market capitalization of $4.80 billion, a P/E ratio of 90.79 and a beta of 2.25. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.26. The firm has a fifty day simple moving average of $9.42 and a two-hundred day simple moving average of $6.75. BlackBerry Limited has a twelve month low of $3.12 and a twelve month high of $13.59.

BlackBerry (NYSE:BB) last announced its quarterly earnings results on Thursday, June 25th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. BlackBerry had a net margin of 10.31% and a return on equity of 11.66%. The business had revenue of $152.90 million for the quarter, compared to analyst estimates of $136.10 million. During the same quarter last year, the firm earned $0.02 EPS. The company’s revenue 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. On average, research analysts anticipate that BlackBerry Limited will post 0.13 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on BB shares. Wall Street Zen upgraded shares of BlackBerry from a “hold” rating to a “buy” rating in a research report on Saturday. Royal Bank Of Canada boosted their target price on BlackBerry from $4.50 to $9.00 and gave the company a “sector perform” rating in a research note on Friday, June 26th. Weiss Ratings raised BlackBerry from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, July 28th. Canadian Imperial Bank of Commerce increased their target price on BlackBerry from $10.00 to $13.00 and gave the company an “outperformer” rating in a report on Friday, June 26th. Finally, Zacks Research lowered BlackBerry from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Two research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, BlackBerry has an average rating of “Hold” and a consensus price target of $8.92.

Insider Activity

In other BlackBerry news, SVP Jennifer Armstrong-Owen sold 3,296 shares of the company’s stock in a transaction that occurred on Thursday, July 9th. The stock was sold at an average price of $10.92, for a total transaction of $35,992.32. Following the completion of the transaction, the senior vice president owned 106,091 shares of the company’s stock, valued at $1,158,513.72. This represents a 3.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Philip S. Kurtz sold 6,414 shares of the stock in a transaction that occurred on Thursday, July 9th. The stock was sold at an average price of $11.07, for a total value of $71,002.98. Following the completion of the sale, the insider owned 125,158 shares of the company’s stock, valued at approximately $1,385,499.06. This trade represents a 4.87% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 355,858 shares of company stock valued at $4,012,270. Company insiders own 0.51% 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.