BlackBerry (NYSE:BB) Director Buys $40,900.00 in Stock

BlackBerry Limited (NYSE:BB) Director David Chaikof purchased 5,000 shares of the stock in a transaction on Tuesday, November 3rd. The shares were bought at an average cost of $8.18 per share, for a total transaction of $40,900.00. Following the transaction, the director directly owned 5,000 shares in the company, valued at approximately $40,900. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

BlackBerry Trading Up 4.5%

Shares of BlackBerry stock opened at $8.74 on Friday. BlackBerry Limited has a 12-month low of $3.12 and a 12-month high of $13.59. The stock has a market cap of $5.12 billion, a P/E ratio of 72.88 and a beta of 2.23. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.25. The business’s 50 day moving average is $8.46 and its 200-day moving average is $6.96.

BlackBerry (NYSE:BB) last released its earnings results on Thursday, September 24th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.03. The business had revenue of $166.56 million during the quarter, compared to analysts’ expectations of $144.22 million. BlackBerry had a net margin of 13.09% and a return on equity of 13.71%. The firm’s revenue was up 26.0% on a year-over-year basis. During the same period last year, the business earned $0.04 earnings per share. BlackBerry has set its FY 2027 guidance at 0.190-0.220 EPS and its Q3 2027 guidance at 0.040-0.050 EPS. Equities research analysts predict that BlackBerry Limited will post 0.17 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on BB. Canaccord Genuity Group decreased their price objective on shares of BlackBerry from $10.30 to $9.50 and set a “hold” rating for the company in a research report on Friday, September 25th. Zacks Research cut shares of BlackBerry from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 25th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $9.00 target price on shares of BlackBerry in a research note on Monday, September 21st. Wall Street Zen upgraded shares of BlackBerry from a “hold” rating to a “buy” rating in a research note on Saturday, August 29th. Finally, Weiss Ratings upgraded BlackBerry from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday, September 25th. Two research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, BlackBerry currently has a consensus rating of “Hold” and a consensus price target of $9.86.

Institutional Investors Weigh In On BlackBerry

Large investors have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC acquired a new stake in BlackBerry during the 2nd quarter valued at $31,000. CoreCap Advisors LLC acquired a new position in shares of BlackBerry in the second quarter valued at $31,000. Elevation Wealth Partners LLC acquired a new position in shares of BlackBerry in the second quarter valued at $32,000. Pension & Wealth Management Advisors Inc. bought a new position in shares of BlackBerry in the third quarter valued at about $28,000. Finally, Global Retirement Partners LLC bought a new position in shares of BlackBerry in the second quarter valued at about $50,000. Institutional investors own 54.48% of the company’s stock.

BlackBerry Company Profile

BlackBerry Limited (NYSE:BB) is a Canadian software company headquartered in Waterloo, Ontario. Once best known for its BlackBerry smartphones and secure mobile messaging, the company has transitioned away from manufacturing smartphones and now focuses on cybersecurity and Internet of Things (IoT) software.

BlackBerry’s cybersecurity business provides endpoint security, unified endpoint management, secure communications and other tools designed to protect devices, applications and data.