BlackBerry (NYSE:BB) SVP Jennifer Armstrong-Owen Sells 2,556 Shares of Stock

BlackBerry Limited (NYSE:BB) SVP Jennifer Armstrong-Owen sold 2,556 shares of the company’s stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $11.22, for a total value of $28,678.32. Following the completion of the transaction, the senior vice president directly owned 101,751 shares of the company’s stock, valued at approximately $1,141,646.22. This represents a 2.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

BlackBerry Stock Performance

Shares of BB opened at $10.85 on Tuesday. The stock has a 50 day moving average of $8.34 and a 200 day moving average of $5.35. The company has a market capitalization of $6.36 billion, a price-to-earnings ratio of 121.21 and a beta of 2.20. BlackBerry Limited has a 12 month low of $3.12 and a 12 month high of $13.59. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.26.

BlackBerry (NYSE:BB) last posted its quarterly earnings data on Thursday, June 25th. The company reported $0.04 earnings per share for the quarter, topping 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 business had revenue of $152.90 million for the quarter, compared to analysts’ expectations of $136.10 million. During the same quarter in the previous year, the firm earned $0.02 earnings per share. The business’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, sell-side analysts forecast that BlackBerry Limited will post 0.13 earnings per share for the current year.

Institutional Trading of BlackBerry

Several hedge funds and other institutional investors have recently modified their holdings of BB. Delos Wealth Advisors LLC bought a new position in BlackBerry in the 3rd quarter worth approximately $34,000. Wealthfront Advisers LLC bought a new stake in BlackBerry during the 1st quarter valued at $34,000. Bank of New York Mellon Corp bought a new stake in BlackBerry during the 1st quarter valued at $37,000. CI Investments Inc. lifted its position 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 acquiring an additional 2,745 shares in the last quarter. Finally, Portfolio Resources Advisor Group Inc. purchased a new stake in shares of BlackBerry during the fourth quarter worth $46,000. Institutional investors own 54.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on BB. Canaccord Genuity Group raised their price objective on shares of BlackBerry from $8.20 to $10.30 and gave the stock a “hold” rating in a report on Friday, June 26th. Wall Street Zen upgraded shares of BlackBerry from a “hold” rating to a “buy” rating in a research note on Monday, June 8th. Weiss Ratings raised shares of BlackBerry from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, June 23rd. Raymond James Financial lifted their price target on shares of BlackBerry from $4.75 to $9.50 and gave the stock a “market perform” rating in a report on Friday, June 26th. Finally, TD upped their price objective on BlackBerry from $5.00 to $8.00 and gave the company a “hold” rating in a research note on Friday, June 26th. Two research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average 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.