2,874,476 Shares in BlackBerry Limited $BB Bought by Primecap Management Co. CA

Primecap Management Co. CA bought a new position in shares of BlackBerry Limited (NYSE:BB) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,874,476 shares of the company’s stock, valued at approximately $36,362,000. Primecap Management Co. CA owned 0.49% of BlackBerry as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. General American Investors Co. Inc. purchased a new stake in shares of BlackBerry in the 4th quarter valued at approximately $3,892,000. Renaissance Technologies LLC boosted its holdings in shares of BlackBerry by 139.2% during the first 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. Havemeyer Place LP acquired a new position in BlackBerry in the 4th quarter valued at approximately $1,349,000. Deepwater Asset Management LLC acquired a new position in BlackBerry in the 2nd quarter valued at approximately $9,240,000. Finally, Legal & General Group Plc acquired a new position in BlackBerry in the 2nd quarter valued at approximately $480,710,000. Institutional investors and hedge funds own 54.48% of the company’s stock.

BlackBerry Price Performance

NYSE BB opened at $7.80 on Thursday. 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 stock has a market capitalization of $4.58 billion, a PE ratio of 86.68 and a beta of 2.25. The company has a 50 day moving average price of $9.42 and a two-hundred day moving average price of $6.70. BlackBerry Limited has a 12-month low of $3.12 and a 12-month high of $13.59.

BlackBerry (NYSE:BB) last posted its earnings results on Thursday, June 25th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.03 by $0.01. BlackBerry had a net margin of 10.31% and a return on equity of 11.66%. The company had revenue of $152.90 million during the quarter, compared to the consensus estimate of $136.10 million. During the same period in the previous year, the firm posted $0.02 earnings per share. The company’s revenue for the quarter was up 25.6% compared to the same quarter last year. BlackBerry has set its FY 2027 guidance at 0.160-0.200 EPS and its Q2 2027 guidance at 0.030-0.040 EPS. As a group, equities analysts predict that BlackBerry Limited will post 0.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on BB shares. Royal Bank Of Canada lifted their target price on shares of BlackBerry from $4.50 to $9.00 and gave the company a “sector perform” rating in a research note on Friday, June 26th. Wall Street Zen downgraded shares of BlackBerry from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Stifel Nicolaus began coverage on BlackBerry in a report on Wednesday, June 24th. They set a “buy” rating and a $12.00 price objective for the company. Weiss Ratings raised BlackBerry from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, July 28th. Finally, Raymond James Financial lifted their price objective on BlackBerry from $4.75 to $9.50 and gave the company a “market perform” rating in a research report on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, BlackBerry currently has an average rating of “Hold” and a consensus price target of $8.92.

Insider Buying and Selling at BlackBerry

In related news, CFO Tim Foote sold 8,235 shares of the company’s stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $10.92, for a total value of $89,926.20. Following the completion of the sale, the chief financial officer directly owned 73,535 shares in the company, valued at approximately $803,002.20. This represents a 10.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO John Joseph Giamatteo sold 152,012 shares of the stock in a transaction on Thursday, July 9th. The stock was sold at an average price of $11.35, for a total transaction of $1,725,336.20. Following the transaction, the chief executive officer directly owned 687,246 shares in the company, valued at $7,800,242.10. The trade was a 18.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 355,858 shares of company stock valued at $4,012,270. Company insiders own 0.51% of the company’s stock.

BlackBerry 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.