BlackBerry (NYSE:BB) Sees Unusually-High Trading Volume – Still a Buy?

BlackBerry Limited (NYSE:BB) saw unusually-strong trading volume on Wednesday . Approximately 18,946,529 shares traded hands during mid-day trading, an increase of 24% from the previous session’s volume of 15,270,783 shares.The stock last traded at $10.17 and had previously closed at $10.32.

Analyst Upgrades and Downgrades

BB has been the topic of a number of recent analyst reports. Weiss Ratings upgraded shares of BlackBerry from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 20th. Canaccord Genuity Group dropped their price target 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. Wall Street Zen lowered shares of BlackBerry from a “buy” rating to a “hold” rating in a research note on Sunday. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $4.50 price target on shares of BlackBerry in a research note on Friday, April 10th. One investment analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $4.88.

BlackBerry Stock Performance

The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $6.19 billion, a price-to-earnings ratio of 131.64 and a beta of 2.29. The stock’s 50 day moving average price is $5.30 and its two-hundred day moving average price is $4.33.

BlackBerry (NYSE:BB) last announced its quarterly earnings results 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 return on equity of 10.09% and a net margin of 9.69%.The business had revenue of $157.96 million during the quarter, compared to analysts’ expectations of $144.27 million. During the same quarter last year, the business posted $0.03 earnings per share. The business’s revenue for the quarter 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, analysts forecast that BlackBerry Limited will post 0.13 EPS for the current year.

Insider Activity

In other BlackBerry news, CEO John Joseph Giamatteo sold 27,066 shares of the company’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 sale, the chief executive officer owned 899,146 shares of the company’s stock, valued at $3,200,959.76. This represents a 2.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jennifer Armstrong-Owen sold 29,908 shares of the company’s stock in a transaction on Saturday, April 4th. The shares were sold at an average price of $3.56, for a total value of $106,472.48. Following the completion of the sale, the senior vice president owned 94,903 shares in the company, valued at $337,854.68. This represents a 23.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 73,171 shares of company stock worth $260,489 in the last ninety days. Insiders own 0.51% of the company’s stock.

Institutional Trading of BlackBerry

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Amundi lifted its position in shares of BlackBerry by 52.7% in the first quarter. Amundi now owns 116,430 shares of the company’s stock valued at $377,000 after acquiring an additional 40,184 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of BlackBerry by 139.2% during the first quarter. Renaissance Technologies LLC now owns 3,545,543 shares of the company’s stock worth $11,488,000 after buying an additional 2,063,153 shares in the last quarter. Wealthfront Advisers LLC purchased a new stake in shares of BlackBerry during the first quarter worth about $34,000. Bank of New York Mellon Corp purchased a new stake in shares of BlackBerry during the first quarter worth about $37,000. Finally, V2 Financial group LLC grew its holdings in shares of BlackBerry by 6.8% during the first 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. 54.48% of the stock is currently owned by hedge funds and other 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.