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 transaction of $24,072.72. Following 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 document filed with the SEC, which can be accessed 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 shares were sold at an average price of $3.56, for a total transaction of $8,786.08.

BlackBerry Stock Performance

Shares of NYSE BB opened at $3.49 on Wednesday. The firm has a 50 day moving average of $3.41 and a 200 day moving average of $3.99. BlackBerry Limited has a 12-month low of $2.81 and a 12-month high of $5.32. 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 firm has a market capitalization of $2.05 billion, a price-to-earnings ratio of 116.21 and a beta of 1.70.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Weiss Ratings reissued a “sell (d+)” rating on shares of BlackBerry in a report on Wednesday, March 25th. TD Securities raised BlackBerry to a “hold” rating in a report on Monday, December 22nd. Canaccord Genuity Group reiterated a “hold” rating and issued a $4.60 price target on shares of BlackBerry in a research report on Friday, December 19th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $4.50 price target on shares of BlackBerry in a research report on Friday, December 19th. Finally, Wall Street Zen lowered shares of BlackBerry from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. One equities research 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’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $4.92.

Institutional Trading of BlackBerry

Several hedge funds have recently bought and sold shares of BB. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in BlackBerry by 1.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 823,822 shares of the company’s stock worth $3,106,000 after purchasing an additional 10,667 shares in the last quarter. Geode Capital Management LLC lifted its stake in BlackBerry by 263.2% in the 2nd quarter. Geode Capital Management LLC now owns 1,167,739 shares of the company’s stock worth $5,348,000 after purchasing an additional 846,208 shares in the last quarter. Creative Planning lifted its stake in BlackBerry by 87.5% in the 2nd quarter. Creative Planning now owns 53,413 shares of the company’s stock worth $245,000 after purchasing an additional 24,921 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in BlackBerry by 15.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 393,561 shares of the company’s stock worth $1,804,000 after purchasing an additional 51,305 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in BlackBerry by 137.1% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,788,921 shares of the company’s stock worth $12,780,000 after purchasing an additional 1,612,465 shares in the last quarter. Hedge funds and other institutional investors 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.