BlackBerry Target of Unusually High Options Trading (NYSE:BB)

BlackBerry Limited (NYSE:BB) saw some unusual options trading on Thursday. Stock traders purchased 138,075 call options on the company. This represents an increase of 121% compared to the typical daily volume of 62,613 call options.

Key Stories Impacting BlackBerry

Here are the key news stories impacting BlackBerry this week:

• Positive Sentiment: BlackBerry beat fiscal Q1 expectations on both EPS and revenue, with revenue up 26% year over year and adjusted EPS above estimates, signaling improving operating momentum. BlackBerry Reports First Quarter Fiscal Year 2027 Results
• Positive Sentiment: The company raised its FY2027 guidance, with management citing strength in QNX and Secure Communications, which supports confidence in continued growth and profitability. BlackBerry Q1 Earnings Call Highlights QNX Growth & Higher Outlook
• Positive Sentiment: QNX remains a key driver, with strong automotive embedded-software growth and expanding AI-related opportunities helping investors re-rate the stock higher. BlackBerry Sees New AI Opportunities as Embedded-Software Business Accelerates
• Positive Sentiment: Brokerage sentiment improved after the results, with CIBC raising its price target and maintaining an outperformer rating, while TD also lifted its target despite a hold rating. Analyst target update
• Neutral Sentiment: BlackBerry also reported its first cash-positive quarter in nine years, a milestone that supports the turnaround story but may take time to flow through to valuation.
• Negative Sentiment: TD’s new $8 price target is still well below the current trading level, implying meaningful downside if the stock’s post-earnings optimism fades. BayStreet.CA analyst ratings

Insider Transactions at BlackBerry

In other BlackBerry news, SVP Jennifer Armstrong-Owen sold 29,908 shares of the firm’s stock in a transaction on Saturday, April 4th. The shares were sold at an average price of $3.56, for a total value of $106,472.48. Following the completion of the transaction, the senior vice president directly owned 94,903 shares of the company’s stock, valued at $337,854.68. This trade represents a 23.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO John Joseph Giamatteo sold 27,066 shares of the firm’s stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $3.56, for a total transaction of $96,354.96. Following the completion of the transaction, the chief executive officer directly owned 899,146 shares of the company’s stock, valued at approximately $3,200,959.76. The trade was a 2.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 73,171 shares of company stock worth $260,489 in the last three months. 0.51% of the stock is currently owned by insiders.

Institutional Investors Weigh In On BlackBerry

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Amundi grew its holdings in BlackBerry by 52.7% in the first quarter. Amundi now owns 116,430 shares of the company’s stock worth $377,000 after purchasing an additional 40,184 shares during the period. Renaissance Technologies LLC increased its stake in BlackBerry by 139.2% during the 1st quarter. Renaissance Technologies LLC now owns 3,545,543 shares of the company’s stock valued at $11,488,000 after purchasing an additional 2,063,153 shares in the last quarter. Wealthfront Advisers LLC purchased a new position in BlackBerry in the first quarter worth about $34,000. Bank of New York Mellon Corp purchased a new position in BlackBerry in the first quarter worth about $37,000. Finally, V2 Financial group LLC lifted its stake in shares of BlackBerry by 6.8% in the first quarter. V2 Financial group LLC now owns 32,100 shares of the company’s stock worth $104,000 after buying an additional 2,050 shares in the last quarter. 54.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on BB shares. TD Securities reissued a “hold” rating and set a $8.00 price objective on shares of BlackBerry in a research note on Friday. Wall Street Zen upgraded BlackBerry from a “hold” rating to a “buy” rating in a research note on Monday, June 8th. Stifel Nicolaus started coverage on BlackBerry in a report on Wednesday. They issued a “buy” rating and a $12.00 price target on the stock. Canadian Imperial Bank of Commerce lifted their price target on BlackBerry from $10.00 to $13.00 and gave the company an “outperformer” rating in a research report on Friday. Finally, Raymond James Financial reissued a “market perform” rating and set a $9.50 price objective (up from $4.75) on shares of BlackBerry in a report on Friday. Two equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, BlackBerry presently has an average rating of “Hold” and an average target price of $8.92.

BlackBerry Trading Up 9.8%

NYSE:BB opened at $11.36 on Friday. The company has a 50-day moving average price of $7.52 and a 200-day moving average price of $5.02. BlackBerry has a 12 month low of $3.12 and a 12 month high of $11.49. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.26. The stock has a market cap of $6.66 billion, a price-to-earnings ratio of 126.21 and a beta of 2.29.

BlackBerry (NYSE:BB) last announced its quarterly earnings results on Thursday, June 25th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.01. BlackBerry had a net margin of 10.31% and a return on equity of 11.72%. The company had revenue of $152.90 million for the quarter, compared to analysts’ expectations of $139.81 million. During the same quarter in the previous year, the company earned $0.02 earnings per share. BlackBerry’s quarterly 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. Equities analysts predict that BlackBerry will post 0.14 EPS for the current year.

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.