BlackBerry (NYSE:BB) CFO Sells $320,628.42 in Stock

BlackBerry Limited (NYSE:BB) CFO Tim Foote sold 25,878 shares of the business’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $12.39, for a total transaction of $320,628.42. Following the completion of the transaction, the chief financial officer owned 58,372 shares of the company’s stock, valued at approximately $723,229.08. The trade was a 30.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

BlackBerry Stock Performance

Shares of BB opened at $11.11 on Thursday. The business’s fifty day simple moving average is $8.57 and its two-hundred day simple moving average is $5.44. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.26. BlackBerry Limited has a 12 month low of $3.12 and a 12 month high of $13.59. The company has a market cap of $6.51 billion, a price-to-earnings ratio of 123.40 and a beta of 2.20.

BlackBerry (NYSE:BB) last posted its earnings results on Thursday, June 25th. The company reported $0.04 EPS for the quarter, topping 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 business had revenue of $152.90 million during the quarter, compared to analyst estimates of $136.10 million. During the same quarter last year, the company earned $0.02 EPS. The company’s quarterly revenue was up 25.6% compared to the same quarter last year. BlackBerry has set its FY 2027 guidance at 0.160-0.200 EPS and its Q2 2027 guidance at 0.030-0.040 EPS. Research analysts anticipate that BlackBerry Limited will post 0.13 earnings per share for the current fiscal year.

Institutional Investors Weigh In On BlackBerry

Large investors have recently made changes to their positions in the company. First Trust Advisors LP increased its position in shares of BlackBerry by 34.4% during the 4th quarter. First Trust Advisors LP now owns 24,991,652 shares of the company’s stock valued at $94,718,000 after purchasing an additional 6,399,502 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of BlackBerry by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 23,935,970 shares of the company’s stock worth $90,334,000 after buying an additional 142,924 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in BlackBerry by 1.3% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,799,334 shares of the company’s stock valued at $77,116,000 after buying an additional 209,448 shares during the period. Bank of America Corp DE increased its stake in shares of BlackBerry by 21.3% in the 3rd quarter. Bank of America Corp DE now owns 5,584,564 shares of the company’s stock worth $27,253,000 after purchasing an additional 980,359 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in BlackBerry by 31.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,051,338 shares of the company’s stock worth $15,355,000 after buying an additional 972,738 shares in the last quarter. 54.48% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on BB. Stifel Nicolaus initiated coverage on BlackBerry in a research report on Wednesday, June 24th. They issued a “buy” rating and a $12.00 target price for the company. Canaccord Genuity Group lifted their price target on shares of BlackBerry from $8.20 to $10.30 and gave the stock a “hold” rating in a research note on Friday, June 26th. TD Securities reissued a “hold” rating and set a $8.00 price objective on shares of BlackBerry in a report on Friday, June 26th. Wall Street Zen upgraded shares of BlackBerry from a “hold” rating to a “buy” rating in a research report on Monday, June 8th. Finally, Canadian Imperial Bank of Commerce raised their target price on shares of BlackBerry from $10.00 to $13.00 and gave the stock an “outperformer” rating in a report on Friday, June 26th. Two research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $8.92.

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.