Insider Selling: BlackBerry (NYSE:BB) CFO Sells 25,878 Shares

BlackBerry Limited (NYSE:BB) CFO Tim Foote sold 25,878 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $12.39, for a total transaction of $320,628.42. Following the completion of the transaction, the chief financial officer directly owned 58,372 shares in the company, valued at $723,229.08. This trade represents a 30.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

BlackBerry Trading Down 1.2%

BlackBerry stock traded down $0.14 during midday trading on Monday, hitting $11.37. 20,992,179 shares of the stock were exchanged, compared to its average volume of 20,122,301. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $6.66 billion, a price-to-earnings ratio of 126.35 and a beta of 2.20. The stock’s 50-day simple moving average is $8.22 and its 200 day simple moving average is $5.30. BlackBerry Limited has a fifty-two week low of $3.12 and a fifty-two week high of $13.59.

BlackBerry (NYSE:BB) last announced its earnings results on Thursday, June 25th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.01. The company 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%. BlackBerry’s revenue was up 25.6% compared to the same quarter last year. During the same quarter last year, the firm posted $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. On average, equities analysts anticipate that BlackBerry Limited will post 0.13 EPS for the current year.

Institutional Investors Weigh In On BlackBerry

A number of large investors have recently added to or reduced their stakes in BB. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in BlackBerry by 1,390.6% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,589,886 shares of the company’s stock worth $71,397,000 after purchasing an additional 14,544,005 shares in the last quarter. First Trust Advisors LP increased 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 worth $94,718,000 after purchasing an additional 6,399,502 shares during the last quarter. Bank of America Corp DE grew its stake in shares of BlackBerry by 183.6% during the 2nd quarter. Bank of America Corp DE now owns 4,604,205 shares of the company’s stock valued at $21,087,000 after buying an additional 2,980,732 shares during the period. Dimensional Fund Advisors LP grew its position in BlackBerry by 368.6% during the third quarter. Dimensional Fund Advisors LP now owns 3,078,600 shares of the company’s stock valued at $15,027,000 after acquiring an additional 2,421,578 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in shares of BlackBerry by 139.2% in the 1st quarter. Renaissance Technologies LLC now owns 3,545,543 shares of the company’s stock worth $11,488,000 after purchasing an additional 2,063,153 shares during the period. 54.48% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on BB shares. Canadian Imperial Bank of Commerce boosted their price objective on BlackBerry from $10.00 to $13.00 and gave the stock an “outperformer” rating in a research report on Friday, June 26th. Wall Street Zen raised BlackBerry from a “hold” rating to a “buy” rating in a report on Monday, June 8th. TD raised their price objective on shares of BlackBerry from $5.00 to $8.00 and gave the stock a “hold” rating in a report on Friday, June 26th. Royal Bank Of Canada lifted their price target on shares of BlackBerry from $4.50 to $9.00 and gave the stock a “sector perform” rating in a research note on Friday, June 26th. Finally, Raymond James Financial boosted their price objective on BlackBerry from $4.75 to $9.50 and gave the company a “market perform” rating in a research note on Friday, June 26th. Two equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, BlackBerry presently has a consensus rating of “Hold” and an average price target of $8.92.

BlackBerry Company Profile

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.