Mattias Eriksson Sells 5,914 Shares of BlackBerry (NYSE:BB) Stock

BlackBerry Limited (NYSE:BB) insider Mattias Eriksson sold 5,914 shares of the business’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $4.62, for a total transaction of $27,322.68. Following the sale, the insider owned 291,340 shares of the company’s stock, valued at approximately $1,345,990.80. This represents a 1.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

BlackBerry Price Performance

Shares of BB opened at $4.65 on Wednesday. The firm has a market cap of $2.74 billion, a PE ratio of -464.50 and a beta of 1.51. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.27. The firm has a fifty day simple moving average of $4.00 and a two-hundred day simple moving average of $3.90. BlackBerry Limited has a 1-year low of $2.24 and a 1-year high of $6.24.

BlackBerry (NYSE:BB) last announced its earnings results on Thursday, September 25th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.03. The business had revenue of $130.96 million during the quarter, compared to analyst estimates of $122.03 million. BlackBerry had a negative net margin of 0.60% and a positive return on equity of 6.07%. The firm’s quarterly revenue was down 10.6% on a year-over-year basis. BlackBerry has set its Q3 2026 guidance at 0.020-0.040 EPS. FY 2026 guidance at 0.110-0.15 EPS. On average, equities analysts anticipate that BlackBerry Limited will post -0.03 EPS for the current year.

Hedge Funds Weigh In On BlackBerry

A number of large investors have recently bought and sold shares of BB. Parallel Advisors LLC raised its stake in BlackBerry by 216.2% in the first quarter. Parallel Advisors LLC now owns 7,156 shares of the company’s stock worth $27,000 after buying an additional 4,893 shares in the last quarter. Chicago Partners Investment Group LLC purchased a new position in BlackBerry in the first quarter worth $37,000. OneDigital Investment Advisors LLC purchased a new position in BlackBerry in the first quarter worth $40,000. LeConte Wealth Management LLC purchased a new position in BlackBerry in the second quarter worth $61,000. Finally, Benjamin Edwards Inc. grew its holdings in BlackBerry by 31.5% in the second quarter. Benjamin Edwards Inc. now owns 14,600 shares of the company’s stock worth $67,000 after purchasing an additional 3,500 shares during the last quarter. Institutional investors own 54.48% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. TD Securities lowered BlackBerry from a “buy” rating to a “hold” rating and upped their price objective for the stock from $4.00 to $5.00 in a research note on Friday, October 3rd. Weiss Ratings reissued a “sell (d-)” rating on shares of BlackBerry in a report on Saturday, September 27th. CIBC reissued an “outperform” rating on shares of BlackBerry in a report on Tuesday, June 24th. Canaccord Genuity Group reaffirmed a “hold” rating and issued a $4.60 price target on shares of BlackBerry in a report on Friday, September 26th. Finally, Zacks Research raised shares of BlackBerry from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 29th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, BlackBerry currently has an average rating of “Hold” and a consensus target price of $5.10.

BlackBerry Company Profile

BlackBerry Limited provides intelligent security software and services to enterprises and governments worldwide. The company operates through three segments: Cybersecurity, IoT, and Licensing and Other. The company offers CylanceENDPOINT, an integrated endpoint security solution; CylanceGUARD, a managed detection and response solution; CylanceEDGE, an AI-powered continuous authentication zero trust network access solution; CylanceINTELLIGENCE, a contextual cyber threat intelligence service; BlackBerry Dynamics offers a development platform and secure container for mobile applications; BlackBerry Workspaces a secure Enterprise File Sync and Share (EFSS) solution; BlackBerry Messenger (BBM) Enterprise, an enterprise-grade secure instant messaging solution for messaging, voice and video; BlackBerry SecuSUITE is a certified, multi-OS voice and text messaging solution; BlackBerry AtHoc, a secure networked critical event management solution; and BlackBerry unified endpoint management (UEM) solutions.