Oppenheimer & Co. Inc. Reduces Position in BlackBerry Limited $BB

Oppenheimer & Co. Inc. decreased its holdings in shares of BlackBerry Limited (NYSE:BB) by 37.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 153,191 shares of the company’s stock after selling 91,106 shares during the period. Oppenheimer & Co. Inc.’s holdings in BlackBerry were worth $581,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Delos Wealth Advisors LLC bought a new position in BlackBerry in the 3rd quarter worth $34,000. CI Investments Inc. grew its holdings in BlackBerry by 48.4% during the third quarter. CI Investments Inc. now owns 8,414 shares of the company’s stock valued at $41,000 after purchasing an additional 2,745 shares during the period. Pallas Capital Advisors LLC purchased a new stake in BlackBerry in the fourth quarter worth about $57,000. NewEdge Advisors LLC raised its stake in shares of BlackBerry by 2,349.1% in the third quarter. NewEdge Advisors LLC now owns 11,682 shares of the company’s stock worth $57,000 after buying an additional 11,205 shares during the period. Finally, Benjamin Edwards Inc. raised its stake in shares of 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 buying an additional 3,500 shares during the period. 54.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at BlackBerry

In related 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 transaction 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 approximately $337,854.68. This trade represents a 23.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO John Joseph Giamatteo sold 27,066 shares of the business’s stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $3.56, for a total transaction of $96,354.96. Following the completion of the sale, the chief executive officer owned 899,146 shares in the company, valued at approximately $3,200,959.76. The trade was a 2.92% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 73,171 shares of company stock valued at $260,489 over the last ninety days. 0.37% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Weiss Ratings downgraded BlackBerry from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, April 27th. Wall Street Zen cut shares of BlackBerry from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Canaccord Genuity Group lowered their price target on shares of BlackBerry from $4.60 to $4.40 and set a “hold” rating on the stock in a report on Friday, April 10th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $4.50 price target on shares of BlackBerry in a research report on Friday, April 10th. One investment analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, BlackBerry has a consensus rating of “Hold” and an average target price of $4.88.

BlackBerry Stock Up 4.7%

Shares of BB opened at $6.39 on Friday. The business’s 50 day moving average is $3.99 and its 200 day moving average is $4.03. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.26. BlackBerry Limited has a 12-month low of $3.12 and a 12-month high of $6.61. The company has a market capitalization of $3.75 billion, a PE ratio of 79.87 and a beta of 2.10.

BlackBerry (NYSE:BB) last posted its quarterly earnings results on Thursday, April 9th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.02. The business had revenue of $157.96 million during the quarter, compared to the consensus estimate of $144.27 million. BlackBerry had a return on equity of 10.09% and a net margin of 9.69%.The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.03 EPS. BlackBerry has set its Q1 2027 guidance at 0.020-0.030 EPS and its FY 2027 guidance at 0.150-0.190 EPS. Research analysts expect that BlackBerry Limited will post 0.13 earnings per share for the current fiscal year.

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.