Jennifer Armstrong-Owen Sells 3,296 Shares of BlackBerry (NYSE:BB) Stock

BlackBerry Limited (NYSE:BB) SVP Jennifer Armstrong-Owen sold 3,296 shares of the business’s stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $10.92, for a total value of $35,992.32. Following the sale, the senior vice president owned 106,091 shares of the company’s stock, valued at $1,158,513.72. The trade was a 3.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Thursday, July 2nd, Jennifer Armstrong-Owen sold 2,556 shares of BlackBerry stock. The shares were sold at an average price of $11.22, for a total transaction of $28,678.32.

BlackBerry Trading Down 4.0%

BB stock traded down $0.46 during midday trading on Friday, reaching $10.97. 17,626,175 shares of the company’s stock traded hands, compared to its average volume of 31,549,920. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.20 and a quick ratio of 2.20. BlackBerry Limited has a fifty-two week low of $3.12 and a fifty-two week high of $13.59. The business has a 50-day moving average price of $8.81 and a two-hundred day moving average price of $5.53. The company has a market capitalization of $6.43 billion, a P/E ratio of 121.96 and a beta of 2.20.

BlackBerry (NYSE:BB) last released its quarterly earnings data on Thursday, June 25th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.01. The company had revenue of $152.90 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $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 research analysts forecast that BlackBerry Limited will post 0.13 EPS for the current fiscal year.

Hedge Funds Weigh In On BlackBerry

Several institutional investors and hedge funds have recently made changes to their positions in BB. First Trust Advisors LP raised its holdings in BlackBerry by 34.4% in the fourth quarter. First Trust Advisors LP now owns 24,991,652 shares of the company’s stock valued at $94,718,000 after acquiring an additional 6,399,502 shares in the last quarter. Vanguard Group Inc. grew its holdings in BlackBerry by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 23,935,970 shares of the company’s stock worth $90,334,000 after acquiring an additional 142,924 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in BlackBerry by 1.3% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,799,334 shares of the company’s stock worth $77,116,000 after acquiring an additional 209,448 shares in the last quarter. Bank of America Corp DE increased 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 purchasing an additional 980,359 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake 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 valued at $15,355,000 after purchasing an additional 972,738 shares in the last quarter. 54.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Wall Street Zen raised BlackBerry from a “hold” rating to a “buy” rating in a research report on Monday, June 8th. 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. Weiss Ratings cut BlackBerry from a “hold (c)” rating to a “sell (d+)” rating in a report on Tuesday. Stifel Nicolaus assumed coverage on shares of BlackBerry in a research report on Wednesday, June 24th. They issued a “buy” rating and a $12.00 price objective for the company. Finally, Canadian Imperial Bank of Commerce boosted their target price on shares of BlackBerry from $10.00 to $13.00 and gave the stock an “outperformer” rating in a research report on Friday, June 26th. Two analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $8.92.

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.