BlackBerry Limited $BB Shares Sold by Legal & General Group Plc

Legal & General Group Plc reduced its stake in BlackBerry Limited (NYSE:BB) by 3.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,870,198 shares of the company’s stock after selling 1,145,637 shares during the period. Legal & General Group Plc owned 0.05% of BlackBerry worth $155,526,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in BB. CI Investments Inc. grew its holdings 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 during the last quarter. Benjamin Edwards Inc. lifted its holdings in shares of BlackBerry by 31.5% in the 2nd 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. AE Wealth Management LLC acquired a new position in BlackBerry during the 2nd quarter valued at approximately $71,000. Flow Traders U.S. LLC acquired a new position in BlackBerry during the 2nd quarter valued at approximately $86,000. Finally, LeConte Wealth Management LLC grew its stake in BlackBerry by 46.4% during the 3rd quarter. LeConte Wealth Management LLC now owns 19,461 shares of the company’s stock worth $95,000 after buying an additional 6,166 shares during the last quarter. 54.48% of the stock is owned by institutional investors.

Insider Activity at BlackBerry

In other BlackBerry news, CFO Tim Foote sold 28,600 shares of the firm’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $3.82, for a total transaction of $109,252.00. Following the transaction, the chief financial officer owned 41,626 shares of the company’s stock, valued at approximately $159,011.32. This trade represents a 40.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John Joseph Giamatteo sold 87,723 shares of the business’s stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $3.88, for a total transaction of $340,365.24. Following the sale, the chief executive officer owned 818,557 shares in the company, valued at $3,176,001.16. This trade represents a 9.68% 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 364,881 shares of company stock worth $1,400,034 over the last ninety days. 0.37% of the stock is currently owned by corporate insiders.

BlackBerry Stock Down 2.4%

BB opened at $3.42 on Friday. The stock’s 50 day moving average price is $3.61 and its 200 day moving average price is $4.06. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.14 and a quick ratio of 2.14. The stock has a market cap of $2.02 billion, a P/E ratio of 113.87 and a beta of 1.67. BlackBerry Limited has a 12 month low of $2.80 and a 12 month high of $5.32.

BlackBerry (NYSE:BB) last announced its quarterly earnings results on Thursday, December 18th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. BlackBerry had a return on equity of 8.05% and a net margin of 4.02%.The company had revenue of $141.80 million during the quarter, compared to analyst estimates of $137.54 million. During the same quarter in the previous year, the firm posted $0.02 EPS. The firm’s quarterly revenue was down 1.3% on a year-over-year basis. BlackBerry has set its FY 2026 guidance at 0.140-0.160 EPS and its Q4 2026 guidance at 0.030-0.050 EPS. As a group, research analysts predict that BlackBerry Limited will post -0.03 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Zacks Research lowered BlackBerry from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 24th. TD Securities raised shares of BlackBerry to a “hold” rating in a report on Monday, December 22nd. Weiss Ratings restated a “sell (d+)” rating on shares of BlackBerry in a research report on Friday, December 26th. Wall Street Zen cut shares of BlackBerry from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Finally, Canaccord Genuity Group reiterated a “hold” rating and issued a $4.60 price objective on shares of BlackBerry in a research report on Friday, December 19th. One research analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $5.10.

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.