Philip Kurtz Sells 4,079 Shares of BlackBerry (NYSE:BB) Stock

BlackBerry Limited (NYSE:BB) insider Philip Kurtz sold 4,079 shares of the business’s stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $3.56, for a total value of $14,521.24. Following the sale, the insider directly owned 117,484 shares in the company, valued at $418,243.04. This trade represents a 3.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

BlackBerry Price Performance

Shares of NYSE:BB opened at $3.54 on Thursday. The business’s 50 day simple moving average is $3.41 and its 200-day simple moving average is $3.98. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of 117.87 and a beta of 1.70. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.14 and a quick ratio of 2.14. BlackBerry Limited has a 12 month low of $2.83 and a 12 month high of $5.32.

Analyst Upgrades and Downgrades

BB has been the subject of several research reports. Canaccord Genuity Group restated a “hold” rating and set a $4.60 price objective on shares of BlackBerry in a research report on Friday, December 19th. Weiss Ratings restated a “sell (d+)” rating on shares of BlackBerry in a research report on Wednesday, March 25th. Wall Street Zen downgraded BlackBerry from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. TD Securities upgraded BlackBerry to a “hold” rating in a research report on Monday, December 22nd. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $4.50 price objective on shares of BlackBerry in a research report on Friday, December 19th. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, BlackBerry currently has an average rating of “Hold” and a consensus target price of $4.92.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Hsbc Holdings PLC raised its holdings in BlackBerry by 1,501.9% in the 4th quarter. Hsbc Holdings PLC now owns 1,890,023 shares of the company’s stock valued at $7,116,000 after acquiring an additional 1,772,039 shares during the last quarter. Tobam raised its holdings in BlackBerry by 34.0% in the 4th quarter. Tobam now owns 30,159 shares of the company’s stock valued at $114,000 after acquiring an additional 7,655 shares during the last quarter. DGS Capital Management LLC acquired a new position in BlackBerry in the 4th quarter valued at $52,000. Virtu Financial LLC acquired a new position in BlackBerry in the 4th quarter valued at $280,000. Finally, Invesco Ltd. raised its holdings in BlackBerry by 2.4% in the 4th quarter. Invesco Ltd. now owns 128,487 shares of the company’s stock valued at $487,000 after acquiring an additional 2,975 shares during the last quarter. 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.