BlackBerry (NYSE:BB) SVP Jennifer Armstrong-Owen Sells 3,296 Shares

BlackBerry Limited (NYSE:BB) SVP Jennifer Armstrong-Owen sold 3,296 shares of the company’s stock in a transaction on Thursday, July 9th. The stock was sold at an average price of $10.92, for a total value of $35,992.32. Following the transaction, the senior vice president directly owned 106,091 shares in the company, valued at approximately $1,158,513.72. The trade was a 3.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Thursday, July 2nd, Jennifer Armstrong-Owen sold 2,556 shares of BlackBerry stock. The shares were sold at an average price of $11.22, for a total value of $28,678.32.

BlackBerry Stock Down 4.0%

Shares of BlackBerry stock traded down $0.46 during trading on Friday, reaching $10.97. The company’s stock had a trading volume of 17,626,175 shares, compared to its average volume of 31,549,920. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.26. The company has a market cap of $6.43 billion, a price-to-earnings ratio of 121.96 and a beta of 2.20. BlackBerry Limited has a 1-year low of $3.12 and a 1-year high of $13.59. The company has a 50-day simple moving average of $8.81 and a two-hundred day simple moving average of $5.53.

BlackBerry (NYSE:BB) last announced its earnings results on Thursday, June 25th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.01. BlackBerry had a return on equity of 11.66% and a net margin of 10.31%.The company had revenue of $152.90 million for the quarter, compared to analyst estimates of $136.10 million. During the same period in the prior year, the company posted $0.02 EPS. The firm’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. As a group, equities analysts forecast that BlackBerry Limited will post 0.13 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of BB. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of BlackBerry by 1,390.6% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,589,886 shares of the company’s stock worth $71,397,000 after purchasing an additional 14,544,005 shares during the last quarter. First Trust Advisors LP boosted its position in BlackBerry by 34.4% in the fourth quarter. First Trust Advisors LP now owns 24,991,652 shares of the company’s stock valued at $94,718,000 after buying an additional 6,399,502 shares during the last quarter. Bank of America Corp DE increased its holdings in BlackBerry by 183.6% in the 2nd quarter. Bank of America Corp DE now owns 4,604,205 shares of the company’s stock worth $21,087,000 after buying an additional 2,980,732 shares during the period. Dimensional Fund Advisors LP increased its holdings in BlackBerry by 368.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,078,600 shares of the company’s stock worth $15,027,000 after buying an additional 2,421,578 shares during the period. Finally, Renaissance Technologies LLC raised its position in BlackBerry by 139.2% during the 1st quarter. Renaissance Technologies LLC now owns 3,545,543 shares of the company’s stock worth $11,488,000 after buying an additional 2,063,153 shares during the last quarter. 54.48% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on BB shares. Raymond James Financial upped their price objective on shares of BlackBerry from $4.75 to $9.50 and gave the company a “market perform” rating in a report on Friday, June 26th. Weiss Ratings cut shares of BlackBerry from a “hold (c)” rating to a “sell (d+)” rating in a research note on Tuesday. Canadian Imperial Bank of Commerce boosted their target price on shares of BlackBerry from $10.00 to $13.00 and gave the stock an “outperformer” rating in a research report on Friday, June 26th. Royal Bank Of Canada upped their price target on shares of BlackBerry from $4.50 to $9.00 and gave the company a “sector perform” rating in a research note on Friday, June 26th. Finally, Canaccord Genuity Group lifted their price objective 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. Two analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, BlackBerry presently has an average rating of “Hold” and an average target price 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.