Philip Kurtz Sells 6,414 Shares of BlackBerry (NYSE:BB) Stock

BlackBerry Limited (NYSE:BB) insider Philip Kurtz sold 6,414 shares of the company’s stock in a transaction that occurred on Thursday, July 9th. The shares were sold at an average price of $11.07, for a total value of $71,002.98. Following the transaction, the insider directly owned 125,158 shares of the company’s stock, valued at $1,385,499.06. This trade represents a 4.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

BlackBerry Stock Performance

Shares of NYSE BB traded down $0.46 during mid-day trading on Friday, hitting $10.97. The company had a trading volume of 17,626,175 shares, compared to its average volume of 31,549,920. BlackBerry Limited has a 12 month low of $3.12 and a 12 month high of $13.59. The stock has a market cap of $6.43 billion, a price-to-earnings ratio of 121.96 and a beta of 2.20. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.20 and a quick ratio of 2.20. The firm’s 50 day simple moving average is $8.81 and its two-hundred day simple moving average is $5.53.

BlackBerry (NYSE:BB) last issued its quarterly earnings data on Thursday, June 25th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. BlackBerry had a return on equity of 11.66% and a net margin of 10.31%.The firm had revenue of $152.90 million during the quarter, compared to the consensus estimate of $136.10 million. During the same period in the prior year, the business earned $0.02 EPS. The firm’s revenue was up 25.6% on a year-over-year basis. 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, equities research analysts forecast that BlackBerry Limited will post 0.13 earnings per share for the current year.

Institutional Trading of BlackBerry

A number of institutional investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in BlackBerry by 1,390.6% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,589,886 shares of the company’s stock worth $71,397,000 after purchasing an additional 14,544,005 shares during the period. First Trust Advisors LP increased its position in shares of BlackBerry by 34.4% during 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. Bank of America Corp DE raised its stake in shares of BlackBerry by 183.6% in the 2nd quarter. Bank of America Corp DE now owns 4,604,205 shares of the company’s stock worth $21,087,000 after buying an additional 2,980,732 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of BlackBerry by 368.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,078,600 shares of the company’s stock worth $15,027,000 after buying an additional 2,421,578 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of BlackBerry by 139.2% in the first quarter. Renaissance Technologies LLC now owns 3,545,543 shares of the company’s stock valued at $11,488,000 after buying an additional 2,063,153 shares during the period. 54.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on BB. Wall Street Zen upgraded shares of BlackBerry from a “hold” rating to a “buy” rating in a research report on Monday, June 8th. Weiss Ratings lowered shares of BlackBerry from a “hold (c)” rating to a “sell (d+)” rating in a research note on Tuesday. Stifel Nicolaus began coverage on BlackBerry in a report on Wednesday, June 24th. They set a “buy” rating and a $12.00 price target on the stock. Canadian Imperial Bank of Commerce increased their price objective on BlackBerry from $10.00 to $13.00 and gave the stock an “outperformer” rating in a report on Friday, June 26th. Finally, TD raised their target price on BlackBerry from $5.00 to $8.00 and gave the company a “hold” rating in a research report on Friday, June 26th. Two equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently 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.