BlackBerry (NYSE:BB) CFO Tim Foote Sells 6,762 Shares

BlackBerry Limited (NYSE:BB) CFO Tim Foote sold 6,762 shares of the business’s stock in a transaction that occurred on Saturday, April 4th. The shares were sold at an average price of $3.56, for a total value of $24,072.72. Following the completion of the sale, the chief financial officer owned 76,277 shares of the company’s stock, valued at $271,546.12. This trade represents a 8.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Tim Foote also recently made the following trade(s):

• On Thursday, April 2nd, Tim Foote sold 2,468 shares of BlackBerry stock. The stock was sold at an average price of $3.56, for a total transaction of $8,786.08.

BlackBerry Stock Performance

NYSE BB traded down $0.07 during trading hours on Tuesday, reaching $3.49. The company’s stock had a trading volume of 9,706,857 shares, compared to its average volume of 7,478,344. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.26. The business has a 50-day simple moving average of $3.42 and a 200 day simple moving average of $3.99. BlackBerry Limited has a 52 week low of $2.81 and a 52 week high of $5.32. The stock has a market cap of $2.05 billion, a PE ratio of 116.21 and a beta of 1.70.

Analyst Ratings Changes

BB has been the topic of a number of recent research reports. TD Securities raised shares of BlackBerry to a “hold” rating in a report on Monday, December 22nd. Wall Street Zen cut shares of BlackBerry from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $4.50 target price on shares of BlackBerry in a report on Friday, December 19th. Canaccord Genuity Group restated a “hold” rating and issued a $4.60 price target on shares of BlackBerry in a research note on Friday, December 19th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of BlackBerry in a research note on Wednesday, March 25th. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $4.92.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in BlackBerry by 2.2% in the third quarter. Vanguard Group Inc. now owns 23,793,046 shares of the company’s stock worth $116,086,000 after buying an additional 517,715 shares during the last quarter. First Trust Advisors LP grew its position in BlackBerry by 18.1% in the third quarter. First Trust Advisors LP now owns 18,592,150 shares of the company’s stock worth $90,730,000 after buying an additional 2,844,036 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in BlackBerry by 137.1% in the second quarter. Arrowstreet Capital Limited Partnership now owns 2,788,921 shares of the company’s stock worth $12,780,000 after buying an additional 1,612,465 shares during the last quarter. Hood River Capital Management LLC acquired a new position in BlackBerry in the second quarter worth approximately $52,441,000. Finally, Oppenheimer & Co. Inc. acquired a new position in BlackBerry in the third quarter worth approximately $1,192,000. Institutional investors and hedge funds own 54.48% of the company’s stock.

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.