Tim Foote Sells 3,155 Shares of BlackBerry (NYSE:BB) Stock

BlackBerry Limited (NYSE:BB) CFO Tim Foote sold 3,155 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $4.62, for a total transaction of $14,576.10. Following the sale, the chief financial officer directly owned 39,709 shares in the company, valued at approximately $183,455.58. The trade was a 7.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

BlackBerry Price Performance

Shares of NYSE:BB opened at $4.65 on Wednesday. The firm’s 50 day moving average price is $4.00 and its 200-day moving average price is $3.90. BlackBerry Limited has a twelve month low of $2.24 and a twelve month high of $6.24. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $2.74 billion, a PE ratio of -464.50 and a beta of 1.51.

BlackBerry (NYSE:BB) last issued its quarterly earnings data on Thursday, September 25th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.03. BlackBerry had a negative net margin of 0.60% and a positive return on equity of 6.07%. The firm had revenue of $130.96 million for the quarter, compared to analysts’ expectations of $122.03 million. The company’s revenue for the quarter was down 10.6% compared to the same quarter last year. BlackBerry has set its Q3 2026 guidance at 0.020-0.040 EPS. FY 2026 guidance at 0.110-0.15 EPS. Equities research analysts expect that BlackBerry Limited will post -0.03 EPS for the current year.

Wall Street Analysts Forecast Growth

BB has been the topic of several recent research reports. Wall Street Zen upgraded shares of BlackBerry from a “hold” rating to a “buy” rating in a research note on Friday, September 26th. Royal Bank Of Canada increased their price objective on shares of BlackBerry from $4.00 to $4.50 and gave the stock a “sector perform” rating in a research note on Friday, September 26th. Weiss Ratings reiterated a “sell (d-)” rating on shares of BlackBerry in a research note on Saturday, September 27th. Zacks Research upgraded shares of BlackBerry from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 29th. Finally, Robert W. Baird raised their target price on shares of BlackBerry from $5.00 to $5.50 and gave the stock a “neutral” rating in a research note on Friday, September 26th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, BlackBerry currently has a consensus rating of “Hold” and a consensus price target of $5.10.

Institutional Investors Weigh In On BlackBerry

Institutional investors and hedge funds have recently modified their holdings of the stock. Parallel Advisors LLC raised its position in shares of BlackBerry by 216.2% during the first quarter. Parallel Advisors LLC now owns 7,156 shares of the company’s stock valued at $27,000 after buying an additional 4,893 shares during the last quarter. Chicago Partners Investment Group LLC bought a new stake in shares of BlackBerry during the first quarter valued at approximately $37,000. OneDigital Investment Advisors LLC bought a new stake in shares of BlackBerry during the first quarter valued at approximately $40,000. LeConte Wealth Management LLC bought a new stake in shares of BlackBerry during the second quarter valued at approximately $61,000. Finally, Benjamin Edwards Inc. raised its position in shares of BlackBerry by 31.5% during the second quarter. Benjamin Edwards Inc. now owns 14,600 shares of the company’s stock valued at $67,000 after buying an additional 3,500 shares during the last quarter. Institutional investors own 54.48% of the company’s stock.

About BlackBerry

BlackBerry Limited provides intelligent security software and services to enterprises and governments worldwide. The company operates through three segments: Cybersecurity, IoT, and Licensing and Other. The company offers CylanceENDPOINT, an integrated endpoint security solution; CylanceGUARD, a managed detection and response solution; CylanceEDGE, an AI-powered continuous authentication zero trust network access solution; CylanceINTELLIGENCE, a contextual cyber threat intelligence service; BlackBerry Dynamics offers a development platform and secure container for mobile applications; BlackBerry Workspaces a secure Enterprise File Sync and Share (EFSS) solution; BlackBerry Messenger (BBM) Enterprise, an enterprise-grade secure instant messaging solution for messaging, voice and video; BlackBerry SecuSUITE is a certified, multi-OS voice and text messaging solution; BlackBerry AtHoc, a secure networked critical event management solution; and BlackBerry unified endpoint management (UEM) solutions.