Philip Kurtz Sells 4,195 Shares of BlackBerry (NYSE:BB) Stock

BlackBerry Limited (NYSE:BB) insider Philip Kurtz sold 4,195 shares of the business’s stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $11.56, for a total value of $48,494.20. Following the completion of the sale, the insider directly owned 120,664 shares of the company’s stock, valued at approximately $1,394,875.84. The trade was a 3.36% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

BlackBerry Stock Down 1.2%

Shares of BlackBerry stock traded down $0.14 during midday trading on Monday, reaching $11.37. 21,085,844 shares of the company’s stock traded hands, compared to its average volume of 20,122,301. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.20 and a current ratio of 2.20. BlackBerry Limited has a 52 week low of $3.12 and a 52 week high of $13.59. The company’s 50 day simple moving average is $8.22 and its 200 day simple moving average is $5.30. The company has a market cap of $6.66 billion, a price-to-earnings ratio of 126.35 and a beta of 2.20.

BlackBerry (NYSE:BB) last posted its earnings results on Thursday, June 25th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.03 by $0.01. The firm had revenue of $152.90 million for the quarter, compared to the consensus estimate of $136.10 million. BlackBerry had a net margin of 10.31% and a return on equity of 11.66%. The business’s quarterly revenue was up 25.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.02 earnings per share. BlackBerry has set its FY 2027 guidance at 0.160-0.200 EPS and its Q2 2027 guidance at 0.030-0.040 EPS. Equities analysts expect that BlackBerry Limited will post 0.13 earnings per share for the current fiscal year.

Hedge Funds Weigh In On BlackBerry

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. First Trust Advisors LP boosted its holdings in BlackBerry by 34.4% in the 4th quarter. First Trust Advisors LP now owns 24,991,652 shares of the company’s stock valued at $94,718,000 after purchasing an additional 6,399,502 shares during the period. Vanguard Group Inc. increased its stake in BlackBerry by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 23,935,970 shares of the company’s stock valued at $90,334,000 after acquiring an additional 142,924 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in BlackBerry by 1.3% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,799,334 shares of the company’s stock valued at $77,116,000 after acquiring an additional 209,448 shares in the last quarter. Bank of America Corp DE lifted its position in shares of BlackBerry by 21.3% in the 3rd quarter. Bank of America Corp DE now owns 5,584,564 shares of the company’s stock worth $27,253,000 after acquiring an additional 980,359 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of BlackBerry by 31.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,051,338 shares of the company’s stock worth $15,355,000 after acquiring an additional 972,738 shares during the period. Institutional investors own 54.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on BB shares. Canadian Imperial Bank of Commerce boosted their target price on BlackBerry from $10.00 to $13.00 and gave the stock an “outperformer” rating in a report on Friday, June 26th. TD Securities reissued a “hold” rating and issued a $8.00 price target on shares of BlackBerry in a research report on Friday, June 26th. Royal Bank Of Canada boosted their price objective on shares of BlackBerry from $4.50 to $9.00 and gave the stock a “sector perform” rating in a research note on Friday, June 26th. TD raised their target price on shares of BlackBerry from $5.00 to $8.00 and gave the company a “hold” rating in a research note on Friday, June 26th. Finally, Weiss Ratings upgraded shares of BlackBerry from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, June 23rd. Two analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, BlackBerry 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.