BlackBerry (NYSE:BB) Insider Philip Kurtz Sells 4,195 Shares

BlackBerry Limited (NYSE:BB) insider Philip Kurtz sold 4,195 shares of BlackBerry stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $11.56, for a total value of $48,494.20. Following the sale, the insider directly owned 120,664 shares of the company’s stock, valued at approximately $1,394,875.84. This represents a 3.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

BlackBerry Trading Down 4.6%

BlackBerry stock opened at $10.85 on Tuesday. BlackBerry Limited has a 52 week low of $3.12 and a 52 week high of $13.59. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $6.36 billion, a price-to-earnings ratio of 121.21 and a beta of 2.20. The stock has a 50-day moving average price of $8.34 and a 200 day moving average price of $5.35.

BlackBerry (NYSE:BB) last released its quarterly earnings data on Thursday, June 25th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. BlackBerry had a net margin of 10.31% and a return on equity of 11.66%. The firm had revenue of $152.90 million for the quarter, compared to analyst estimates of $136.10 million. During the same quarter in the prior year, the business earned $0.02 earnings per share. The business’s quarterly revenue was up 25.6% compared to the same quarter last year. BlackBerry has set its FY 2027 guidance at 0.160-0.200 EPS and its Q2 2027 guidance at 0.030-0.040 EPS. Sell-side analysts anticipate that BlackBerry Limited will post 0.13 EPS for the current year.

Hedge Funds Weigh In On BlackBerry

Several hedge funds and other institutional investors have recently modified their holdings of BB. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in BlackBerry by 1.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 823,822 shares of the company’s stock worth $3,106,000 after acquiring an additional 10,667 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of BlackBerry by 263.2% during the 2nd quarter. Geode Capital Management LLC now owns 1,167,739 shares of the company’s stock worth $5,348,000 after purchasing an additional 846,208 shares during the last quarter. Creative Planning grew its position in shares of BlackBerry by 87.5% in the second quarter. Creative Planning now owns 53,413 shares of the company’s stock valued at $245,000 after purchasing an additional 24,921 shares in the last quarter. Flow Traders U.S. LLC purchased a new stake in shares of BlackBerry in the second quarter valued at approximately $86,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of 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 valued at $71,397,000 after purchasing an additional 14,544,005 shares during the last quarter. 54.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BB. Canadian Imperial Bank of Commerce increased their price target on BlackBerry from $10.00 to $13.00 and gave the stock an “outperformer” rating in a research report on Friday, June 26th. TD Securities restated a “hold” rating and issued a $8.00 price objective on shares of BlackBerry in a research report on Friday, June 26th. Canaccord Genuity Group upped their price target on shares of BlackBerry from $8.20 to $10.30 and gave the stock a “hold” rating in a research report on Friday, June 26th. Weiss Ratings raised shares of BlackBerry from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, June 23rd. Finally, Stifel Nicolaus began coverage on BlackBerry in a research note on Wednesday, June 24th. They set a “buy” rating and a $12.00 price objective for the company. Two analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, BlackBerry currently has an average rating of “Hold” and an average target price of $8.92.

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.