SG Americas Securities LLC Buys Shares of 54,961 BlackBerry Limited $BB

SG Americas Securities LLC purchased a new position in shares of BlackBerry Limited (NYSE:BB) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 54,961 shares of the company’s stock, valued at approximately $178,000.

A number of other hedge funds have also added to or reduced their stakes in BB. Raymond James Financial Inc. boosted its holdings in shares of BlackBerry by 2.1% in the 3rd quarter. Raymond James Financial Inc. now owns 128,998 shares of the company’s stock valued at $630,000 after purchasing an additional 2,689 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of BlackBerry by 2.4% in the fourth quarter. Invesco Ltd. now owns 128,487 shares of the company’s stock worth $487,000 after acquiring an additional 2,975 shares during the last quarter. Benjamin Edwards Inc. grew its holdings in shares of BlackBerry by 31.5% during the 2nd quarter. Benjamin Edwards Inc. now owns 14,600 shares of the company’s stock valued at $67,000 after purchasing an additional 3,500 shares during the last quarter. Mackenzie Financial Corp increased its position in BlackBerry by 1.1% during the 3rd quarter. Mackenzie Financial Corp now owns 401,841 shares of the company’s stock worth $1,960,000 after purchasing an additional 4,249 shares in the last quarter. Finally, Scotia Capital Inc. boosted its position in BlackBerry by 6.1% in the third quarter. Scotia Capital Inc. now owns 113,216 shares of the company’s stock valued at $549,000 after buying an additional 6,462 shares in the last quarter. 54.48% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Canaccord Genuity Group boosted their price objective on BlackBerry from $8.20 to $10.30 and gave the stock a “hold” rating in a research report on Friday, June 26th. TD lifted their target price on shares of BlackBerry from $5.00 to $8.00 and gave the stock a “hold” rating in a research report on Friday, June 26th. Wall Street Zen raised shares of BlackBerry from a “hold” rating to a “buy” rating in a research note on Monday, June 8th. TD Securities restated a “hold” rating and issued a $8.00 price objective on shares of BlackBerry in a report on Friday, June 26th. Finally, Weiss Ratings lowered BlackBerry from a “hold (c)” rating to a “sell (d+)” rating in a research report on Tuesday. Two analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $8.92.

Insider Transactions at BlackBerry

In related news, SVP Jennifer Armstrong-Owen sold 3,296 shares of BlackBerry stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $10.92, for a total value of $35,992.32. Following the completion of the sale, the senior vice president owned 106,091 shares of the company’s stock, valued at approximately $1,158,513.72. This trade represents a 3.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Philip S. Kurtz sold 6,414 shares of BlackBerry stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $11.07, for a total transaction of $71,002.98. Following the transaction, the insider owned 125,158 shares of the company’s stock, valued at $1,385,499.06. This represents a 4.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 355,858 shares of company stock valued at $4,012,270. 0.51% of the stock is currently owned by corporate insiders.

BlackBerry Trading Down 4.0%

Shares of BB stock traded down $0.46 during mid-day trading on Friday, hitting $10.97. The company’s stock had a trading volume of 17,626,175 shares, compared to its average volume of 31,549,920. BlackBerry Limited has a 52 week low of $3.12 and a 52 week high of $13.59. 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 company’s fifty day simple moving average is $8.81 and its 200-day simple moving average is $5.53. The company has a market cap of $6.43 billion, a PE ratio of 121.96 and a beta of 2.20.

BlackBerry (NYSE:BB) last issued 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. The firm had revenue of $152.90 million for the quarter, compared to analyst estimates of $136.10 million. BlackBerry had a return on equity of 11.66% and a net margin of 10.31%.The company’s revenue was up 25.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.02 earnings per share. 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 expect that BlackBerry Limited will post 0.13 earnings per share for the current fiscal year.

BlackBerry 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.