BlackBerry (NYSE:BB) Stock Price Up 8.4% – Here’s What Happened

BlackBerry Limited (NYSE:BB) was up 8.4% during mid-day trading on Friday . The stock traded as high as $7.23 and last traded at $7.2110. Approximately 5,507,741 shares changed hands during mid-day trading, a decline of 56% from the average daily volume of 12,648,574 shares. The stock had previously closed at $6.65.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on BB shares. Wall Street Zen lowered shares of BlackBerry from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Weiss Ratings raised shares of BlackBerry from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday. Canaccord Genuity Group cut their price target on shares of BlackBerry from $4.60 to $4.40 and set a “hold” rating on the stock in a research report on Friday, April 10th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $4.50 price target on shares of BlackBerry in a research report on Friday, April 10th. One analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $4.88.

BlackBerry Stock Up 18.0%

The firm has a market capitalization of $4.61 billion, a price-to-earnings ratio of 97.82 and a beta of 2.10. The business’s 50-day moving average is $4.56 and its two-hundred day moving average is $4.14. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.12 and a current ratio of 2.12.

BlackBerry (NYSE:BB) last announced its earnings results on Thursday, April 9th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.04 by $0.02. BlackBerry had a net margin of 9.69% and a return on equity of 10.09%. The firm had revenue of $157.96 million for the quarter, compared to the consensus estimate of $144.27 million. During the same period last year, the company posted $0.03 EPS. The business’s quarterly revenue was up 10.1% on a year-over-year basis. 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, equities analysts anticipate that BlackBerry Limited will post 0.13 earnings per share for the current year.

Insider Transactions at BlackBerry

In related news, SVP Jennifer Armstrong-Owen sold 29,908 shares of the business’s stock in a transaction dated Saturday, April 4th. The stock was sold at an average price of $3.56, for a total value of $106,472.48. Following the completion of the transaction, the senior vice president owned 94,903 shares of the company’s stock, valued at $337,854.68. The trade was a 23.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO John Joseph Giamatteo sold 27,066 shares of the business’s stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $3.56, for a total value of $96,354.96. Following the completion of the transaction, the chief executive officer directly owned 899,146 shares of the company’s stock, valued at approximately $3,200,959.76. This trade represents a 2.92% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 73,171 shares of company stock valued at $260,489. 0.51% of the stock is owned by insiders.

Institutional Trading of BlackBerry

Several hedge funds and other institutional investors have recently made changes to their positions in BB. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of BlackBerry by 1.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 823,822 shares of the company’s stock worth $3,106,000 after purchasing an additional 10,667 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of BlackBerry by 263.2% during the second quarter. Geode Capital Management LLC now owns 1,167,739 shares of the company’s stock worth $5,348,000 after purchasing an additional 846,208 shares during the last quarter. Creative Planning grew its holdings in shares of BlackBerry by 87.5% during the second quarter. Creative Planning now owns 53,413 shares of the company’s stock worth $245,000 after purchasing an additional 24,921 shares during the last quarter. Flow Traders U.S. LLC bought a new stake in shares of BlackBerry during the second quarter worth about $86,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of BlackBerry by 1,390.6% during the second 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 during the last quarter. 54.48% of the stock is currently owned by institutional investors.

About BlackBerry

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.