BlackBerry (NYSE:BB) Stock Price Up 8% – Here’s What Happened

BlackBerry Limited (NYSE:BB)’s share price traded up 8% during trading on Monday . The company traded as high as $9.00 and last traded at $9.0480. Approximately 5,043,419 shares were traded during trading, a decline of 72% from the average daily volume of 18,064,635 shares. The stock had previously closed at $8.38.

Wall Street Analyst Weigh In

Several research analysts have issued reports on BB shares. Weiss Ratings cut BlackBerry from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 4th. Canadian Imperial Bank of Commerce increased their price objective on shares of BlackBerry from $8.50 to $10.00 and gave the stock an “outperform” rating in a research note on Wednesday. Wall Street Zen raised shares of BlackBerry from a “hold” rating to a “buy” rating in a report on Monday, June 8th. Royal Bank Of Canada restated a “sector perform” rating and set a $4.50 target price on shares of BlackBerry in a research report on Friday, April 10th. Finally, Canaccord Genuity Group reduced their target price on shares of BlackBerry from $4.60 to $4.40 and set a “hold” rating for the company in a report on Friday, April 10th. One analyst has rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $5.73.

BlackBerry Stock Up 7.0%

The company has a fifty day simple moving average of $6.95 and a 200-day simple moving average of $4.83. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 0.26. The firm has a market cap of $5.25 billion, a P/E ratio of 111.96 and a beta of 2.29.

BlackBerry (NYSE:BB) last posted its quarterly earnings data 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 return on equity of 10.09% and a net margin of 9.69%.The firm had revenue of $157.96 million for the quarter, compared to the consensus estimate of $144.27 million. During the same quarter last year, the company earned $0.03 earnings per share. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. 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 Buying and Selling

In other BlackBerry news, CEO John Joseph Giamatteo sold 27,066 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at $3,200,959.76. This represents a 2.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Jennifer Armstrong-Owen sold 29,908 shares of the stock in a transaction on Saturday, April 4th. The stock was sold at an average price of $3.56, for a total transaction of $106,472.48. Following the completion of the sale, the senior vice president directly owned 94,903 shares of the company’s stock, valued at approximately $337,854.68. This trade represents a 23.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 73,171 shares of company stock worth $260,489. 0.51% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of BB. V2 Financial group LLC lifted its stake in BlackBerry by 6.8% in the 1st quarter. V2 Financial group LLC now owns 32,100 shares of the company’s stock worth $104,000 after purchasing an additional 2,050 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in shares of BlackBerry by 2.1% during the 3rd quarter. Raymond James Financial Inc. now owns 128,998 shares of the company’s stock valued at $630,000 after purchasing an additional 2,689 shares during the last quarter. CI Investments Inc. grew its position 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 purchasing an additional 2,745 shares in the last quarter. Invesco Ltd. grew its position in shares of BlackBerry by 2.4% during the fourth quarter. Invesco Ltd. now owns 128,487 shares of the company’s stock valued at $487,000 after purchasing an additional 2,975 shares in the last quarter. Finally, Benjamin Edwards Inc. increased its holdings in shares of BlackBerry by 31.5% in the second quarter. Benjamin Edwards Inc. now owns 14,600 shares of the company’s stock worth $67,000 after purchasing an additional 3,500 shares during the last quarter. Institutional investors own 54.48% of the company’s stock.

BlackBerry Company Profile

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.