BlackBerry (NYSE:BB) Insider Sells $38,262.24 in Stock

BlackBerry Limited (NYSE:BB) insider Philip Kurtz sold 4,168 shares of the firm’s stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $9.18, for a total value of $38,262.24. Following the completion of the transaction, the insider owned 68,365 shares in the company, valued at approximately $627,590.70. This trade represents a 5.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

BlackBerry Stock Performance

NYSE BB opened at $8.78 on Thursday. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.38 and a quick ratio of 2.38. BlackBerry Limited has a 1-year low of $3.12 and a 1-year high of $13.59. The firm has a market capitalization of $5.15 billion, a P/E ratio of 73.12 and a beta of 2.20. The business’s 50-day simple moving average is $8.37 and its 200-day simple moving average is $7.72.

BlackBerry (NYSE:BB) last posted its earnings results on Thursday, September 24th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.03. BlackBerry had a net margin of 13.09% and a return on equity of 13.71%. The firm had revenue of $166.56 million during the quarter, compared to the consensus estimate of $144.22 million. During the same quarter in the prior year, the company earned $0.04 EPS. The company’s revenue was up 26.0% on a year-over-year basis. BlackBerry has set its FY 2027 guidance at 0.190-0.220 EPS and its Q3 2027 guidance at 0.040-0.050 EPS. Equities analysts predict that BlackBerry Limited will post 0.17 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on BB shares. Royal Bank Of Canada reissued a “sector perform” rating and issued a $9.00 target price on shares of BlackBerry in a research note on Monday, September 21st. Canaccord Genuity Group decreased their price target on shares of BlackBerry from $10.30 to $9.50 and set a “hold” rating for the company in a research report on Friday, September 25th. Canadian Imperial Bank of Commerce increased their price target on BlackBerry from $10.00 to $13.00 and gave the company an “outperformer” rating in a report on Friday, June 26th. TD Securities reissued a “hold” rating and issued a $8.00 price objective on shares of BlackBerry in a research report on Friday, June 26th. Finally, Weiss Ratings upgraded BlackBerry from a “sell (d+)” rating to a “hold (c)” rating in a research note on Friday, September 25th. Two equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $9.86.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. The Manufacturers Life Insurance Company grew its holdings in BlackBerry by 8.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 529,295 shares of the company’s stock valued at $6,673,000 after purchasing an additional 40,350 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in BlackBerry in the 2nd quarter worth $31,000. Nykredit A S acquired a new position in BlackBerry in the 2nd quarter worth $111,000. Amundi acquired a new position in BlackBerry in the 2nd quarter worth $1,086,000. Finally, TD Waterhouse Canada Inc. boosted its position in BlackBerry by 127.3% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 105,040 shares of the company’s stock valued at $1,348,000 after buying an additional 58,818 shares during the last quarter. 54.48% of the stock is owned by institutional investors and hedge funds.

BlackBerry Company Profile

BlackBerry Limited is a Canadian technology company that provides cybersecurity and Internet of Things (IoT) software. Its cybersecurity offerings support endpoint protection, threat detection and response, secure communications, identity management, and unified endpoint management for businesses and government organizations.

Through its QNX business, BlackBerry supplies secure, safety-certified real-time operating systems and embedded software for automotive systems and other connected devices.