Insider Selling: BlackBerry (NYSE:BB) Insider Sells $27,322.68 in Stock

BlackBerry Limited (NYSE:BB) insider Mattias Eriksson sold 5,914 shares of the company’s stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $4.62, for a total transaction of $27,322.68. Following the completion of the sale, the insider owned 291,340 shares of the company’s stock, valued at approximately $1,345,990.80. The trade was a 1.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

BlackBerry Stock Performance

NYSE BB opened at $4.76 on Thursday. BlackBerry Limited has a 1 year low of $2.24 and a 1 year high of $6.24. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.20 and a quick ratio of 2.20. The firm has a market cap of $2.81 billion, a price-to-earnings ratio of -476.00 and a beta of 1.51. The company has a fifty day moving average price of $4.02 and a 200-day moving average price of $3.90.

BlackBerry (NYSE:BB) last posted its earnings results on Thursday, September 25th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.03. BlackBerry had a negative net margin of 0.60% and a positive return on equity of 6.07%. The firm had revenue of $130.96 million during the quarter, compared to analyst estimates of $122.03 million. The company’s revenue was down 10.6% on a year-over-year basis. BlackBerry has set its Q3 2026 guidance at 0.020-0.040 EPS. FY 2026 guidance at 0.110-0.15 EPS. As a group, equities research analysts predict that BlackBerry Limited will post -0.03 EPS for the current fiscal year.

Institutional Investors Weigh In On BlackBerry

Institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of BlackBerry by 1.0% in the first quarter. Vanguard Group Inc. now owns 23,084,515 shares of the company’s stock worth $86,936,000 after buying an additional 218,684 shares in the last quarter. Voya Investment Management LLC purchased a new stake in shares of BlackBerry in the first quarter worth about $95,166,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in shares of BlackBerry by 7.0% in the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,086,634 shares of the company’s stock worth $4,093,000 after buying an additional 71,057 shares in the last quarter. Vident Advisory LLC lifted its holdings in shares of BlackBerry by 52.1% in the first quarter. Vident Advisory LLC now owns 1,182,034 shares of the company’s stock worth $4,456,000 after buying an additional 404,823 shares in the last quarter. Finally, Headlands Technologies LLC lifted its holdings in shares of BlackBerry by 68.0% in the first quarter. Headlands Technologies LLC now owns 216,887 shares of the company’s stock worth $818,000 after buying an additional 87,786 shares in the last quarter. 54.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BB has been the subject of several recent analyst reports. CIBC reiterated an “outperform” rating on shares of BlackBerry in a research note on Tuesday, June 24th. Wall Street Zen upgraded shares of BlackBerry from a “hold” rating to a “buy” rating in a research report on Friday, September 26th. Royal Bank Of Canada increased their price target on shares of BlackBerry from $4.00 to $4.50 and gave the company a “sector perform” rating in a research report on Friday, September 26th. TD Securities lowered shares of BlackBerry from a “buy” rating to a “hold” rating and increased their price target for the company from $4.00 to $5.00 in a research report on Friday, October 3rd. Finally, TD Cowen restated a “hold” rating and set a $5.00 price target on shares of BlackBerry in a research report on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $5.10.

BlackBerry Company Profile

BlackBerry Limited provides intelligent security software and services to enterprises and governments worldwide. The company operates through three segments: Cybersecurity, IoT, and Licensing and Other. The company offers CylanceENDPOINT, an integrated endpoint security solution; CylanceGUARD, a managed detection and response solution; CylanceEDGE, an AI-powered continuous authentication zero trust network access solution; CylanceINTELLIGENCE, a contextual cyber threat intelligence service; BlackBerry Dynamics offers a development platform and secure container for mobile applications; BlackBerry Workspaces a secure Enterprise File Sync and Share (EFSS) solution; BlackBerry Messenger (BBM) Enterprise, an enterprise-grade secure instant messaging solution for messaging, voice and video; BlackBerry SecuSUITE is a certified, multi-OS voice and text messaging solution; BlackBerry AtHoc, a secure networked critical event management solution; and BlackBerry unified endpoint management (UEM) solutions.