Tim Foote Sells 25,878 Shares of BlackBerry (NYSE:BB) Stock

BlackBerry Limited (NYSE:BB) CFO Tim Foote sold 25,878 shares of the stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $12.39, for a total value of $320,628.42. Following the transaction, the chief financial officer owned 58,372 shares of the company’s stock, valued at approximately $723,229.08. The trade was a 30.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

BlackBerry Trading Down 2.3%

NYSE:BB opened at $11.12 on Wednesday. BlackBerry Limited has a twelve month low of $3.12 and a twelve month high of $13.59. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.26. The business has a 50 day moving average price of $8.46 and a two-hundred day moving average price of $5.39. The company has a market cap of $6.51 billion, a P/E ratio of 123.51 and a beta of 2.20.

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

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Canaccord Genuity Group lifted their price target on shares of BlackBerry from $8.20 to $10.30 and gave the company a “hold” rating in a research note on Friday, June 26th. TD Securities reaffirmed a “hold” rating and issued a $8.00 target price on shares of BlackBerry in a research report on Friday, June 26th. Wall Street Zen upgraded BlackBerry from a “hold” rating to a “buy” rating in a report on Monday, June 8th. Canadian Imperial Bank of Commerce raised their price target on BlackBerry from $10.00 to $13.00 and gave the company an “outperformer” rating in a research note on Friday, June 26th. Finally, TD boosted their price target on BlackBerry from $5.00 to $8.00 and gave the stock a “hold” rating in a research report on Friday, June 26th. Two research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, BlackBerry has a consensus rating of “Hold” and an average price target of $8.92.

Institutional Investors Weigh In On BlackBerry

Several hedge funds have recently bought and sold shares of BB. CoreCap Advisors LLC acquired a new position in shares of BlackBerry in the second quarter valued at approximately $31,000. Delos Wealth Advisors LLC bought a new stake in BlackBerry in the 3rd quarter valued at $34,000. Wealthfront Advisers LLC acquired a new position in BlackBerry in the 1st quarter valued at $34,000. Bank of New York Mellon Corp acquired a new position in shares of BlackBerry in the first quarter valued at about $37,000. Finally, CI Investments Inc. increased its holdings in shares of BlackBerry by 48.4% during 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. 54.48% of the stock is currently owned by institutional investors and hedge funds.

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.