BlackBerry (NYSE:BB) SVP Jennifer Armstrong-Owen Sells 2,888 Shares

BlackBerry Limited (NYSE:BB) SVP Jennifer Armstrong-Owen sold 2,888 shares of BlackBerry stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $3.56, for a total transaction of $10,281.28. Following the completion of the sale, the senior vice president directly owned 98,161 shares of the company’s stock, valued at approximately $349,453.16. This trade represents a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Saturday, April 4th, Jennifer Armstrong-Owen sold 29,908 shares of BlackBerry stock. The shares were sold at an average price of $3.56, for a total transaction of $106,472.48.

BlackBerry Stock Down 1.8%

BB traded down $0.07 during midday trading on Tuesday, hitting $3.49. The company had a trading volume of 9,706,857 shares, compared to its average volume of 7,478,344. BlackBerry Limited has a 52 week low of $2.81 and a 52 week high of $5.32. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $2.05 billion, a price-to-earnings ratio of 116.21 and a beta of 1.70. The stock’s 50 day moving average price is $3.42 and its 200 day moving average price is $3.99.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in 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 research note on Friday, December 19th. TD Securities raised shares of BlackBerry to a “hold” rating in a research note on Monday, December 22nd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BlackBerry in a research note on Wednesday, March 25th. Canaccord Genuity Group reaffirmed a “hold” rating and issued a $4.60 price target on shares of BlackBerry in a research note on Friday, December 19th. Finally, Wall Street Zen downgraded shares of BlackBerry from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. One equities research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $4.92.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Delos Wealth Advisors LLC acquired a new position in shares of BlackBerry during the third quarter valued at about $34,000. CI Investments Inc. grew its holdings in shares of BlackBerry by 48.4% during the third quarter. CI Investments Inc. now owns 8,414 shares of the company’s stock valued at $41,000 after buying an additional 2,745 shares during the last quarter. Portfolio Resources Advisor Group Inc. acquired a new position in shares of BlackBerry during the fourth quarter valued at about $46,000. DGS Capital Management LLC acquired a new position in shares of BlackBerry during the fourth quarter valued at about $52,000. Finally, State of Wisconsin Investment Board acquired a new position in shares of BlackBerry during the fourth quarter valued at about $54,000. 54.48% of the stock is currently owned by institutional investors and hedge funds.

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.