BlackBerry (NYSE:BB) Sets New 1-Year High – What’s Next?

BlackBerry Limited (NYSE:BB)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $6.64 and last traded at $6.4430, with a volume of 16901909 shares changing hands. The stock had previously closed at $6.19.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $4.50 price target on shares of BlackBerry in a report on Friday, April 10th. Weiss Ratings downgraded shares of BlackBerry from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, April 27th. Canaccord Genuity Group cut their target price on shares of BlackBerry from $4.60 to $4.40 and set a “hold” rating on the stock in a research note on Friday, April 10th. Finally, Wall Street Zen cut shares of BlackBerry from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. One investment analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, BlackBerry presently has an average rating of “Hold” and a consensus price target of $4.88.

BlackBerry Stock Up 3.3%

The stock’s fifty day simple moving average is $4.33 and its two-hundred day simple moving average is $4.09. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.12 and a quick ratio of 2.12. The company has a market capitalization of $3.76 billion, a price-to-earnings ratio of 79.95 and a beta of 2.10.

BlackBerry (NYSE:BB) last announced its quarterly earnings data on Thursday, April 9th. The company reported $0.06 earnings per share 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 during the quarter, compared to the consensus estimate of $144.27 million. During the same quarter in the prior year, the firm earned $0.03 EPS. The company’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. On average, sell-side analysts predict that BlackBerry Limited will post 0.13 earnings per share for the current fiscal year.

Insider Activity at BlackBerry

In other BlackBerry news, CEO John Joseph Giamatteo sold 27,066 shares of the firm’s stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $3.56, for a total value of $96,354.96. Following the sale, the chief executive officer directly owned 899,146 shares in the company, valued at approximately $3,200,959.76. This trade represents a 2.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Jennifer Armstrong-Owen sold 29,908 shares of the business’s stock in a transaction on Saturday, April 4th. The shares were sold at an average price of $3.56, for a total transaction of $106,472.48. Following the transaction, the senior vice president directly owned 94,903 shares of the company’s stock, valued at approximately $337,854.68. This trade represents a 23.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 73,171 shares of company stock worth $260,489. Company insiders own 0.51% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC grew its position in 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 last quarter. Wealthfront Advisers LLC bought a new stake in shares of BlackBerry during the first quarter valued at approximately $34,000. Bank of New York Mellon Corp acquired a new position in shares of BlackBerry during the first quarter worth approximately $37,000. V2 Financial group LLC grew its holdings in BlackBerry by 6.8% in the 1st quarter. V2 Financial group LLC now owns 32,100 shares of the company’s stock worth $104,000 after buying an additional 2,050 shares in the last quarter. Finally, Chicago Partners Investment Group LLC grew its holdings in BlackBerry by 50.0% in the 1st quarter. Chicago Partners Investment Group LLC now owns 15,000 shares of the company’s stock worth $49,000 after buying an additional 5,000 shares in the last quarter. 54.48% of the stock is owned by institutional investors and hedge funds.

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.