General American Investors Co. Inc. Buys New Stake in BlackBerry Limited $BB

General American Investors Co. Inc. bought a new stake in shares of BlackBerry Limited (NYSE:BB) in the fourth quarter, Holdings Channel reports. The fund bought 1,026,996 shares of the company’s stock, valued at approximately $3,892,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Barclays PLC lifted its position in BlackBerry by 45.7% during the fourth quarter. Barclays PLC now owns 95,626 shares of the company’s stock valued at $362,000 after purchasing an additional 29,989 shares during the period. Bank of Nova Scotia acquired a new position in shares of BlackBerry in the fourth quarter worth about $75,000. Public Sector Pension Investment Board acquired a new position in shares of BlackBerry in the fourth quarter worth about $119,000. First Trust Advisors LP raised its position in shares of BlackBerry by 34.4% in the fourth quarter. First Trust Advisors LP now owns 24,991,652 shares of the company’s stock worth $94,718,000 after acquiring an additional 6,399,502 shares during the period. Finally, CI Investments Inc. raised its position in shares of BlackBerry by 131.1% in the fourth quarter. CI Investments Inc. now owns 19,442 shares of the company’s stock worth $74,000 after acquiring an additional 11,028 shares during the period. 54.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO John Joseph Giamatteo sold 27,066 shares of the company’s stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $3.56, for a total transaction of $96,354.96. Following the completion of the sale, the chief executive officer owned 899,146 shares of the company’s stock, valued at approximately $3,200,959.76. This represents a 2.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jennifer Armstrong-Owen sold 29,908 shares of the company’s stock in a transaction dated Saturday, April 4th. The shares were sold at an average price of $3.56, for a total transaction of $106,472.48. Following the sale, the senior vice president directly owned 94,903 shares of the company’s stock, valued at approximately $337,854.68. This represents a 23.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 73,171 shares of company stock valued at $260,489. 0.51% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Canaccord Genuity Group decreased their price objective on shares of BlackBerry from $4.60 to $4.40 and set a “hold” rating for the company in a research report on Friday, April 10th. Weiss Ratings downgraded shares of BlackBerry from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 4th. Wall Street Zen upgraded shares of BlackBerry from a “hold” rating to a “buy” rating in a research report on Monday, June 8th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $4.50 price objective on shares of BlackBerry in a research report on Friday, April 10th. One research analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $4.88.

BlackBerry Stock Down 1.0%

BB opened at $9.20 on Friday. BlackBerry Limited has a twelve month low of $3.12 and a twelve month high of $10.93. The company has a market cap of $5.39 billion, a PE ratio of 114.99 and a beta of 2.29. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 0.26. The company has a 50-day moving average price of $6.42 and a 200 day moving average price of $4.66.

BlackBerry (NYSE:BB) last announced its quarterly earnings data on Thursday, April 9th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.02. BlackBerry had a net margin of 9.69% and a return on equity of 10.09%. The company had revenue of $157.96 million during the quarter, compared to analysts’ expectations of $144.27 million. During the same quarter in the prior year, the company earned $0.03 EPS. BlackBerry’s revenue was up 10.1% compared to the same quarter last year. BlackBerry has set its Q1 2027 guidance at 0.020-0.030 EPS and its FY 2027 guidance at 0.150-0.190 EPS. Sell-side analysts expect that BlackBerry Limited will post 0.13 earnings per share for the current fiscal year.

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.