BlackBerry (NYSE:BB) SVP Sells $23,828.00 in Stock

BlackBerry Limited (NYSE:BB) SVP Jennifer Armstrong-Owen sold 2,590 shares of the business’s stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $9.20, for a total transaction of $23,828.00. Following the transaction, the senior vice president owned 109,647 shares in the company, valued at approximately $1,008,752.40. The trade was a 2.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Jennifer Armstrong-Owen also recently made the following trade(s):

• On Thursday, July 9th, Jennifer Armstrong-Owen sold 3,296 shares of BlackBerry stock. The shares were sold at an average price of $10.92, for a total transaction of $35,992.32.

BlackBerry Stock Performance

Shares of BB traded down $0.23 during midday trading on Monday, reaching $9.07. The stock had a trading volume of 15,143,937 shares, compared to its average volume of 18,602,318. The firm has a 50 day simple moving average of $8.31 and a 200-day simple moving average of $7.60. BlackBerry Limited has a one year low of $3.12 and a one year high of $13.59. The firm has a market cap of $5.33 billion, a PE ratio of 75.62 and a beta of 2.20. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.25.

BlackBerry (NYSE:BB) last released its quarterly earnings data on Thursday, September 24th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.03. BlackBerry had a return on equity of 13.71% and a net margin of 13.09%.The firm had revenue of $166.56 million for the quarter, compared to analyst estimates of $144.22 million. During the same quarter in the prior year, the company earned $0.04 earnings per share. The business’s revenue for the quarter was up 26.0% compared to the same quarter last year. BlackBerry has set its FY 2027 guidance at 0.190-0.220 EPS and its Q3 2027 guidance at 0.040-0.050 EPS. As a group, sell-side analysts anticipate that BlackBerry Limited will post 0.17 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on BB. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $9.00 target price on shares of BlackBerry in a research report on Monday, September 21st. Wall Street Zen raised shares of BlackBerry from a “hold” rating to a “buy” rating in a research report on Saturday, August 29th. Canadian Imperial Bank of Commerce lifted their price objective on shares of BlackBerry from $10.00 to $13.00 and gave the stock an “outperformer” rating in a research note on Friday, June 26th. Zacks Research downgraded shares of BlackBerry from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 25th. Finally, TD increased their target price on shares of BlackBerry from $5.00 to $8.00 and gave the stock a “hold” rating in a research report on Friday, June 26th. Two equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $9.86.

Institutional Trading of BlackBerry

Several large investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company lifted its stake in BlackBerry by 8.3% during the second quarter. The Manufacturers Life Insurance Company now owns 529,295 shares of the company’s stock worth $6,673,000 after purchasing an additional 40,350 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in BlackBerry in the second quarter valued at about $31,000. Nykredit A S bought a new position in BlackBerry in the second quarter valued at about $111,000. Amundi bought a new position in shares of BlackBerry in the second quarter worth about $1,086,000. Finally, TD Waterhouse Canada Inc. boosted its stake in shares of BlackBerry by 127.3% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 105,040 shares of the company’s stock valued at $1,348,000 after purchasing an additional 58,818 shares in the last quarter. 54.48% of the stock is owned by institutional investors and hedge funds.

BlackBerry Company Profile

BlackBerry Limited is a Canadian technology company that provides cybersecurity and Internet of Things (IoT) software. Its cybersecurity offerings support endpoint protection, threat detection and response, secure communications, identity management, and unified endpoint management for businesses and government organizations.

Through its QNX business, BlackBerry supplies secure, safety-certified real-time operating systems and embedded software for automotive systems and other connected devices.