BlackBerry (NYSE:BB) Trading Down 5.6% – What’s Next?

BlackBerry Limited (NYSE:BB)’s stock price fell 5.6% during mid-day trading on Friday . The stock traded as low as $5.05 and last traded at $4.9760. 3,804,058 shares traded hands during trading, a decline of 60% from the average session volume of 9,620,433 shares. The stock had previously closed at $5.27.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on BB. Wall Street Zen upgraded BlackBerry from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. Canaccord Genuity Group cut their target price on BlackBerry from $4.60 to $4.40 and set a “hold” rating for the company in a research report on Friday, April 10th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $4.50 target price on shares of BlackBerry in a research report on Friday, April 10th. Finally, Weiss Ratings upgraded BlackBerry from a “sell (d+)” rating to a “hold (c)” rating in a research report on Friday, April 10th. One investment analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $4.88.

BlackBerry Price Performance

The firm has a market cap of $2.95 billion, a PE ratio of 62.77 and a beta of 1.70. The firm has a fifty day simple moving average of $3.66 and a two-hundred day simple moving average of $3.99. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.12 and a current ratio of 2.12.

BlackBerry (NYSE:BB) last released its quarterly earnings results on Thursday, April 9th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.02. The business had revenue of $157.96 million during the quarter, compared to analysts’ expectations of $144.27 million. BlackBerry had a return on equity of 10.09% and a net margin of 9.69%.The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.03 EPS. BlackBerry has set its Q1 2027 guidance at 0.020-0.030 EPS and its FY 2027 guidance at 0.150-0.190 EPS. Equities analysts predict that BlackBerry Limited will post 0.13 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO John Joseph Giamatteo sold 27,066 shares of BlackBerry stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $3.56, for a total value of $96,354.96. Following the completion of the transaction, the chief executive officer owned 899,146 shares in the company, valued at approximately $3,200,959.76. The trade was a 2.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jennifer Armstrong-Owen sold 29,908 shares of BlackBerry stock in a transaction that occurred on Saturday, April 4th. The stock was sold at an average price of $3.56, for a total value of $106,472.48. Following the completion of the transaction, the senior vice president owned 94,903 shares of the company’s stock, valued at approximately $337,854.68. This trade represents a 23.96% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 73,171 shares of company stock valued at $260,489. Company insiders own 0.37% of the company’s stock.

Institutional Investors Weigh In On BlackBerry

A number of institutional investors and hedge funds have recently modified their holdings of BB. Delos Wealth Advisors LLC bought a new stake in shares of BlackBerry during the 3rd quarter worth approximately $34,000. CI Investments Inc. raised its position in BlackBerry by 48.4% during the 3rd quarter. CI Investments Inc. now owns 8,414 shares of the company’s stock valued at $41,000 after purchasing an additional 2,745 shares in the last quarter. Portfolio Resources Advisor Group Inc. bought a new stake in BlackBerry during the 4th quarter valued at $46,000. Apella Capital LLC purchased a new position in shares of BlackBerry in the 1st quarter valued at $47,000. Finally, DGS Capital Management LLC purchased a new position in shares of BlackBerry in the 4th quarter valued at $52,000. 54.48% of the stock is owned by institutional investors.

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.