Jennifer Armstrong-Owen Sells 2,556 Shares of BlackBerry (NYSE:BB) Stock

BlackBerry Limited (NYSE:BB) SVP Jennifer Armstrong-Owen sold 2,556 shares of the stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $11.22, for a total transaction of $28,678.32. Following the completion of the transaction, the senior vice president owned 101,751 shares in the company, valued at $1,141,646.22. This represents a 2.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

BlackBerry Price Performance

BB stock opened at $11.12 on Wednesday. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $6.51 billion, a P/E ratio of 123.51 and a beta of 2.20. BlackBerry Limited has a twelve month low of $3.12 and a twelve month high of $13.59. The business has a 50 day simple moving average of $8.46 and a 200-day simple moving average of $5.39.

BlackBerry (NYSE:BB) last announced its quarterly earnings data on Thursday, June 25th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. BlackBerry had a net margin of 10.31% and a return on equity of 11.66%. The firm had revenue of $152.90 million during the quarter, compared to the consensus estimate of $136.10 million. During the same quarter last year, the firm earned $0.02 earnings per share. The firm’s revenue was up 25.6% compared to the same quarter last year. BlackBerry has set its FY 2027 guidance at 0.160-0.200 EPS and its Q2 2027 guidance at 0.030-0.040 EPS. As a group, equities analysts anticipate that BlackBerry Limited will post 0.13 EPS for the current year.

Analyst Ratings Changes

BB has been the topic of several analyst reports. Weiss Ratings upgraded BlackBerry from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, June 23rd. Stifel Nicolaus initiated coverage on BlackBerry in a research report on Wednesday, June 24th. They set a “buy” rating and a $12.00 target price on the stock. Canadian Imperial Bank of Commerce upped their price objective on shares of BlackBerry from $10.00 to $13.00 and gave the company an “outperformer” rating in a research note on Friday, June 26th. Royal Bank Of Canada increased their price objective on shares of BlackBerry from $4.50 to $9.00 and gave the stock a “sector perform” rating in a report on Friday, June 26th. Finally, Raymond James Financial raised their target price on shares of BlackBerry from $4.75 to $9.50 and gave the stock a “market perform” rating in a research report on Friday, June 26th. Two investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $8.92.

Hedge Funds Weigh In On BlackBerry

Large investors have recently bought and sold shares of the business. CoreCap Advisors LLC bought a new stake in BlackBerry in the second quarter valued at $31,000. Amundi grew its position in shares of BlackBerry by 52.7% during the first quarter. Amundi now owns 116,430 shares of the company’s stock worth $377,000 after acquiring an additional 40,184 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of BlackBerry by 139.2% in the 1st quarter. Renaissance Technologies LLC now owns 3,545,543 shares of the company’s stock worth $11,488,000 after acquiring an additional 2,063,153 shares during the period. Wealthfront Advisers LLC acquired a new stake in shares of BlackBerry in the 1st quarter worth about $34,000. Finally, Bank of New York Mellon Corp bought a new stake in BlackBerry in the 1st quarter valued at about $37,000. Institutional investors own 54.48% of the company’s stock.

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.