BlackBerry (NYSE:BB) Stock: Insider Jennifer Armstrong-Owen Sells 3,379 Shares

BlackBerry Limited (NYSE:BB) SVP Jennifer Armstrong-Owen sold 3,379 shares of the company’s stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of $8.36, for a total value of $28,248.44. Following the completion of the sale, the senior vice president owned 113,904 shares in the company, valued at $952,237.44. This represents a 2.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Jennifer Armstrong-Owen also recently made the following trade(s):

• On Friday, October 2nd, Jennifer Armstrong-Owen sold 2,590 shares of BlackBerry stock. The shares were sold at an average price of $9.20, for a total value of $23,828.00.

BlackBerry Stock Performance

Shares of NYSE BB opened at $8.21 on Thursday. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.25. BlackBerry Limited has a 12 month low of $3.12 and a 12 month high of $13.59. The stock has a 50 day moving average of $8.37 and a 200-day moving average of $7.91. The company has a market capitalization of $4.82 billion, a P/E ratio of 68.45 and a beta of 2.20.

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

Institutional Trading of BlackBerry

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

Analysts Set New Price Targets

BB has been the topic of several research reports. Canaccord Genuity Group decreased their price objective on shares of BlackBerry from $10.30 to $9.50 and set a “hold” rating on the stock in a report on Friday, September 25th. Canadian Imperial Bank of Commerce raised their target price on shares of BlackBerry from $10.00 to $13.00 and gave the stock an “outperformer” rating in a research note on Friday, June 26th. Weiss Ratings upgraded shares of BlackBerry from a “sell (d+)” rating to a “hold (c)” rating in a research note on Friday, September 25th. TD lifted their target price on shares of BlackBerry from $5.00 to $8.00 and gave the stock a “hold” rating in a report on Friday, June 26th. Finally, Stifel Nicolaus initiated coverage on shares of BlackBerry in a research note on Wednesday, June 24th. They issued a “buy” rating and a $12.00 price target on the stock. Two equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, BlackBerry currently has an average rating of “Hold” and an average target price of $9.86.

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.