BlackBerry (NYSE:BB) Insider Sells $48,494.20 in Stock

BlackBerry Limited (NYSE:BB) insider Philip Kurtz sold 4,195 shares of the company’s 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 completion of the transaction, the insider directly owned 120,664 shares of the company’s stock, valued at approximately $1,394,875.84. This trade represents a 3.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

BlackBerry Trading Up 0.0%

Shares of BB opened at $11.11 on Thursday. The firm has a market cap of $6.51 billion, a P/E ratio of 123.40 and a beta of 2.20. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.20 and a quick ratio of 2.20. BlackBerry Limited has a 1 year low of $3.12 and a 1 year high of $13.59. The company has a 50 day simple moving average of $8.57 and a two-hundred day simple moving average of $5.44.

BlackBerry (NYSE:BB) last issued its earnings results on Thursday, June 25th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.01. The firm had revenue of $152.90 million for the quarter, compared to analysts’ expectations of $136.10 million. BlackBerry had a return on equity of 11.66% and a net margin of 10.31%.The business’s revenue was up 25.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $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. On average, equities analysts expect that BlackBerry Limited will post 0.13 earnings per share for the current fiscal year.

Institutional Trading of BlackBerry

Institutional investors have recently bought and sold shares of the stock. CoreCap Advisors LLC purchased a new stake in BlackBerry in the 2nd quarter worth about $31,000. Elevation Wealth Partners LLC purchased a new position in shares of BlackBerry during the second quarter valued at approximately $32,000. Delos Wealth Advisors LLC purchased a new position in shares of BlackBerry during the third quarter valued at approximately $34,000. CI Investments Inc. grew its stake in shares of 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 buying an additional 2,745 shares during the last quarter. Finally, Wealthfront Advisers LLC purchased a new stake in shares of BlackBerry in the first quarter worth approximately $34,000. 54.48% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Stifel Nicolaus started coverage on BlackBerry in a report on Wednesday, June 24th. They set a “buy” rating and a $12.00 price objective on the stock. TD raised their target price on shares of BlackBerry from $5.00 to $8.00 and gave the company a “hold” rating in a report on Friday, June 26th. TD Securities restated a “hold” rating and issued a $8.00 price target on shares of BlackBerry in a research report on Friday, June 26th. Wall Street Zen upgraded shares of BlackBerry from a “hold” rating to a “buy” rating in a research report on Monday, June 8th. Finally, Weiss Ratings raised shares of BlackBerry from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, June 23rd. Two equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target 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.