BlackBerry (NYSE:BB) SVP Jennifer Armstrong-Owen Sells 29,908 Shares

BlackBerry Limited (NYSE:BB) SVP Jennifer Armstrong-Owen sold 29,908 shares of the company’s stock in a transaction on Saturday, April 4th. The shares were sold at an average price of $3.56, for a total transaction of $106,472.48. Following the transaction, the senior vice president owned 94,903 shares of the company’s stock, valued at approximately $337,854.68. The trade was a 23.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Thursday, April 2nd, Jennifer Armstrong-Owen sold 2,888 shares of BlackBerry stock. The shares were sold at an average price of $3.56, for a total transaction of $10,281.28.

BlackBerry Price Performance

NYSE:BB opened at $3.49 on Wednesday. The stock has a market cap of $2.05 billion, a P/E ratio of 116.21 and a beta of 1.70. BlackBerry Limited has a one year low of $2.81 and a one year high of $5.32. The company has a fifty day moving average price of $3.41 and a 200 day moving average price of $3.99. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.14 and a quick ratio of 2.14.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Delos Wealth Advisors LLC bought a new position in BlackBerry in the third quarter worth $34,000. CI Investments Inc. lifted its position in BlackBerry by 48.4% in the third quarter. CI Investments Inc. now owns 8,414 shares of the company’s stock worth $41,000 after purchasing an additional 2,745 shares during the period. NewEdge Advisors LLC lifted its position in BlackBerry by 2,349.1% in the third quarter. NewEdge Advisors LLC now owns 11,682 shares of the company’s stock worth $57,000 after purchasing an additional 11,205 shares during the period. Portfolio Resources Advisor Group Inc. bought a new position in BlackBerry in the fourth quarter worth $46,000. Finally, DGS Capital Management LLC bought a new position in BlackBerry in the fourth quarter worth $52,000. 54.48% of the stock is owned by institutional investors.

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.