Tim Foote Sells 8,235 Shares of BlackBerry (NYSE:BB) Stock

BlackBerry Limited (NYSE:BB) CFO Tim Foote sold 8,235 shares of the firm’s stock in a transaction on Thursday, July 9th. The stock was sold at an average price of $10.92, for a total transaction of $89,926.20. Following the completion of the sale, the chief financial officer owned 73,535 shares in the company, valued at approximately $803,002.20. The trade was a 10.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Tim Foote also recently made the following trade(s):

• On Thursday, July 2nd, Tim Foote sold 25,878 shares of BlackBerry stock. The stock was sold at an average price of $12.39, for a total transaction of $320,628.42.

BlackBerry Stock Performance

Shares of BB traded down $0.46 during trading hours on Friday, reaching $10.97. 17,626,175 shares of the company traded hands, compared to its average volume of 31,549,920. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.20 and a current ratio of 2.20. The stock’s fifty day moving average is $8.81 and its 200 day moving average is $5.53. BlackBerry Limited has a 1-year low of $3.12 and a 1-year high of $13.59. The stock has a market cap of $6.43 billion, a P/E ratio of 121.96 and a beta of 2.20.

BlackBerry (NYSE:BB) last posted its quarterly earnings results on Thursday, June 25th. The company reported $0.04 EPS for the quarter, beating the consensus estimate 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 analysts’ expectations of $136.10 million. During the same quarter in the prior year, the firm posted $0.02 EPS. The company’s revenue for the quarter 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. Equities research analysts anticipate that BlackBerry Limited will post 0.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Weiss Ratings lowered shares of BlackBerry from a “hold (c)” rating to a “sell (d+)” rating in a report on Tuesday. Royal Bank Of Canada increased their price target on shares of BlackBerry from $4.50 to $9.00 and gave the stock a “sector perform” rating in a research report on Friday, June 26th. Wall Street Zen upgraded BlackBerry from a “hold” rating to a “buy” rating in a research note on Monday, June 8th. Canadian Imperial Bank of Commerce raised their target price on BlackBerry from $10.00 to $13.00 and gave the stock an “outperformer” rating in a research report on Friday, June 26th. Finally, Canaccord Genuity Group lifted their price objective on BlackBerry from $8.20 to $10.30 and gave the company a “hold” rating in a report on Friday, June 26th. Two research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $8.92.

Institutional Trading of BlackBerry

Hedge funds and other institutional investors have recently made changes to their positions in the business. CoreCap Advisors LLC acquired a new position in BlackBerry during the 2nd quarter worth about $31,000. Elevation Wealth Partners LLC bought a new position in shares of BlackBerry in the second quarter worth about $32,000. Delos Wealth Advisors LLC acquired a new position in shares of BlackBerry during the third quarter worth approximately $34,000. Wealthfront Advisers LLC bought a new stake in shares of BlackBerry during the first quarter valued at approximately $34,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of BlackBerry during the first quarter worth $37,000. 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.