BlackBerry (NYSE:BB) SVP Sells $12,150.60 in Stock

BlackBerry Limited (NYSE:BB) SVP Jennifer Armstrong-Owen sold 2,630 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $4.62, for a total value of $12,150.60. Following the completion of the transaction, the senior vice president owned 49,554 shares in the company, valued at approximately $228,939.48. This trade represents a 5.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

BlackBerry Price Performance

BlackBerry stock opened at $4.80 on Tuesday. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $2.83 billion, a P/E ratio of -480.00 and a beta of 1.51. The firm has a fifty day moving average of $3.98 and a 200-day moving average of $3.89. BlackBerry Limited has a 52-week low of $2.24 and a 52-week high of $6.24.

BlackBerry (NYSE:BB) last announced its quarterly earnings results on Thursday, September 25th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.03. The firm had revenue of $130.96 million during the quarter, compared to the consensus estimate of $122.03 million. BlackBerry had a positive return on equity of 6.07% and a negative net margin of 0.60%.BlackBerry’s quarterly revenue was down 10.6% on a year-over-year basis. BlackBerry has set its Q3 2026 guidance at 0.020-0.040 EPS. FY 2026 guidance at 0.110-0.15 EPS. As a group, analysts predict that BlackBerry Limited will post -0.03 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on BB shares. Canaccord Genuity Group reiterated a “hold” rating and issued a $4.60 price target on shares of BlackBerry in a research note on Friday, September 26th. Zacks Research raised shares of BlackBerry from a “hold” rating to a “strong-buy” rating in a report on Monday, September 29th. Weiss Ratings reissued a “sell (d-)” rating on shares of BlackBerry in a report on Saturday, September 27th. TD Securities cut shares of BlackBerry from a “buy” rating to a “hold” rating and raised their target price for the stock from $4.00 to $5.00 in a report on Friday. Finally, Robert W. Baird lifted their price target on BlackBerry from $5.00 to $5.50 and gave the company a “neutral” rating in a report on Friday, September 26th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $5.10.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. CANADA LIFE ASSURANCE Co grew its position in BlackBerry by 7.0% in the second quarter. CANADA LIFE ASSURANCE Co now owns 249,486 shares of the company’s stock worth $1,143,000 after buying an additional 16,218 shares during the last quarter. Vident Advisory LLC grew its position in BlackBerry by 46.8% during the 2nd quarter. Vident Advisory LLC now owns 1,735,789 shares of the company’s stock worth $7,950,000 after purchasing an additional 553,755 shares in the last quarter. Benjamin Edwards Inc. grew its position in BlackBerry by 31.5% during the 2nd quarter. Benjamin Edwards Inc. now owns 14,600 shares of the company’s stock worth $67,000 after purchasing an additional 3,500 shares in the last quarter. Brevan Howard Capital Management LP purchased a new position in BlackBerry during the 2nd quarter worth approximately $379,000. Finally, Bank of America Corp DE boosted its stake in shares of BlackBerry by 183.6% during the 2nd quarter. Bank of America Corp DE now owns 4,604,205 shares of the company’s stock valued at $21,087,000 after buying an additional 2,980,732 shares during the period. Institutional investors and hedge funds own 54.48% of the company’s stock.

BlackBerry Company Profile

BlackBerry Limited provides intelligent security software and services to enterprises and governments worldwide. The company operates through three segments: Cybersecurity, IoT, and Licensing and Other. The company offers CylanceENDPOINT, an integrated endpoint security solution; CylanceGUARD, a managed detection and response solution; CylanceEDGE, an AI-powered continuous authentication zero trust network access solution; CylanceINTELLIGENCE, a contextual cyber threat intelligence service; BlackBerry Dynamics offers a development platform and secure container for mobile applications; BlackBerry Workspaces a secure Enterprise File Sync and Share (EFSS) solution; BlackBerry Messenger (BBM) Enterprise, an enterprise-grade secure instant messaging solution for messaging, voice and video; BlackBerry SecuSUITE is a certified, multi-OS voice and text messaging solution; BlackBerry AtHoc, a secure networked critical event management solution; and BlackBerry unified endpoint management (UEM) solutions.