BlackBerry (NYSE:BB) Sees Strong Trading Volume – Here’s Why

Shares of BlackBerry Limited (NYSE:BB) saw unusually-high trading volume on Tuesday . Approximately 15,537,123 shares changed hands during trading, an increase of 18% from the previous session’s volume of 13,213,881 shares.The stock last traded at $8.05 and had previously closed at $7.91.

Analysts Set New Price Targets

A number of research firms have weighed in on BB. Weiss Ratings upgraded BlackBerry from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 20th. Royal Bank Of Canada reissued a “sector perform” rating and set a $4.50 target price on shares of BlackBerry in a research report on Friday, April 10th. Wall Street Zen raised shares of BlackBerry from a “hold” rating to a “buy” rating in a research report on Saturday, May 23rd. Finally, Canaccord Genuity Group lowered their price objective on shares of BlackBerry from $4.60 to $4.40 and set a “hold” rating for the company in a research note on Friday, April 10th. One analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $4.88.

BlackBerry Stock Up 1.2%

The stock has a 50 day moving average of $4.94 and a 200-day moving average of $4.24. The firm has a market capitalization of $5.15 billion, a P/E ratio of 109.69 and a beta of 2.10. 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 issued its earnings results on Thursday, April 9th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. BlackBerry had a net margin of 9.69% and a return on equity of 10.09%. The business had revenue of $157.96 million for the quarter, compared to analysts’ expectations of $144.27 million. During the same quarter in the previous year, the firm posted $0.03 EPS. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. BlackBerry has set its Q1 2027 guidance at 0.020-0.030 EPS and its FY 2027 guidance at 0.150-0.190 EPS. Research analysts predict that BlackBerry Limited will post 0.13 earnings per share for the current fiscal year.

Insider Buying and Selling at BlackBerry

In related news, SVP Jennifer Armstrong-Owen sold 29,908 shares of the company’s stock in a transaction on Saturday, April 4th. The shares were 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 directly owned 94,903 shares in the company, valued at approximately $337,854.68. The trade was a 23.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO John Joseph Giamatteo sold 27,066 shares of the stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $3.56, for a total transaction of $96,354.96. Following the transaction, the chief executive officer owned 899,146 shares in the company, valued at $3,200,959.76. The trade was a 2.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 73,171 shares of company stock valued at $260,489 over the last quarter. 0.51% of the stock is owned by company insiders.

Institutional Trading of BlackBerry

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. First Trust Advisors LP lifted its position in BlackBerry by 34.4% during the fourth quarter. First Trust Advisors LP now owns 24,991,652 shares of the company’s stock valued at $94,718,000 after buying an additional 6,399,502 shares during the period. Vanguard Group Inc. raised its position in BlackBerry by 0.6% in the 4th 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 last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of BlackBerry by 1.3% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,799,334 shares of the company’s stock valued at $77,116,000 after purchasing an additional 209,448 shares during the period. Bank of America Corp DE grew its stake in shares of BlackBerry by 21.3% during the 3rd quarter. Bank of America Corp DE now owns 5,584,564 shares of the company’s stock valued at $27,253,000 after purchasing an additional 980,359 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of BlackBerry by 31.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,051,338 shares of the company’s stock valued at $15,355,000 after purchasing an additional 972,738 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.