Connor Clark & Lunn Investment Management Ltd. Buys New Shares in BlackBerry Limited $BB

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in BlackBerry Limited (NYSE:BB) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 5,533,805 shares of the company’s stock, valued at approximately $69,786,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.94% of BlackBerry at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BB. Bank of Nova Scotia acquired a new position in shares of BlackBerry during the 2nd quarter worth about $131,000. Quantbot Technologies LP bought a new position in shares of BlackBerry in the 2nd quarter valued at about $4,784,000. Csenge Advisory Group acquired a new stake in shares of BlackBerry in the second quarter valued at about $126,000. Tocqueville Asset Management L.P. acquired a new stake in shares of BlackBerry in the second quarter valued at about $252,000. Finally, Wealthfront Advisers LLC bought a new stake in BlackBerry during the second quarter worth about $206,000. 54.48% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other BlackBerry news, SVP Jennifer Armstrong-Owen sold 3,296 shares of the company’s stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $10.92, for a total value of $35,992.32. Following the transaction, the senior vice president directly owned 106,091 shares in the company, valued at $1,158,513.72. The trade was a 3.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Tim Foote sold 8,235 shares of the company’s stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $10.92, for a total transaction of $89,926.20. Following the completion of the transaction, the chief financial officer owned 73,535 shares in the company, valued at approximately $803,002.20. This represents a 10.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 355,858 shares of company stock worth $4,012,270 in the last quarter. Insiders own 0.51% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Raymond James Financial increased their price target on BlackBerry from $4.75 to $9.50 and gave the company a “market perform” rating in a research report on Friday, June 26th. TD upped their price objective on BlackBerry from $5.00 to $8.00 and gave the stock a “hold” rating in a research note on Friday, June 26th. Royal Bank Of Canada raised their target price on shares of BlackBerry from $4.50 to $9.00 and gave the company a “sector perform” rating in a research note on Friday, June 26th. Zacks Research upgraded shares of BlackBerry from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. Finally, Wall Street Zen lowered shares of BlackBerry from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, BlackBerry currently has a consensus rating of “Hold” and a consensus price target of $8.92.

BlackBerry Price Performance

Shares of NYSE BB opened at $8.05 on Monday. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.26. The business’s 50 day moving average price is $9.50 and its two-hundred day moving average price is $6.61. The company has a market cap of $4.73 billion, a PE ratio of 89.45 and a beta of 2.25. BlackBerry Limited has a twelve month low of $3.12 and a twelve month high of $13.59.

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

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.