Insider Selling: BlackBerry (NYSE:BB) CFO Sells $89,926.20 in Stock

BlackBerry Limited (NYSE:BB) CFO Tim Foote sold 8,235 shares of BlackBerry stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $10.92, for a total value of $89,926.20. Following the sale, the chief financial officer directly owned 73,535 shares of the company’s stock, valued at approximately $803,002.20. This represents a 10.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Tim Foote also recently made the following trade(s):

• On Thursday, July 2nd, Tim Foote sold 25,878 shares of BlackBerry stock. The shares were sold at an average price of $12.39, for a total value of $320,628.42.

BlackBerry Stock Up 0.0%

Shares of BB stock opened at $10.97 on Monday. BlackBerry Limited has a fifty-two week low of $3.12 and a fifty-two week high of $13.59. The firm has a market capitalization of $6.43 billion, a PE ratio of 121.96 and a beta of 2.20. 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 stock’s 50-day simple moving average is $8.81 and its 200-day simple moving average is $5.54.

BlackBerry (NYSE:BB) last released its earnings results on Thursday, June 25th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. The firm had revenue of $152.90 million during the quarter, compared to the consensus estimate 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 quarter in the previous year, the company 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. Equities analysts expect that BlackBerry Limited will post 0.13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on BB shares. Royal Bank Of Canada upped their price objective on shares of BlackBerry from $4.50 to $9.00 and gave the company a “sector perform” rating in a report on Friday, June 26th. Canadian Imperial Bank of Commerce boosted their target price on shares of BlackBerry from $10.00 to $13.00 and gave the company an “outperformer” rating in a research report on Friday, June 26th. Weiss Ratings lowered shares of BlackBerry from a “hold (c)” rating to a “sell (d+)” rating in a report on Tuesday, July 7th. Stifel Nicolaus began coverage on BlackBerry in a research report on Wednesday, June 24th. They set a “buy” rating and a $12.00 price target on the stock. Finally, Raymond James Financial lifted their price objective on BlackBerry from $4.75 to $9.50 and gave the company a “market perform” rating in a research note on Friday, June 26th. Two investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $8.92.

Hedge Funds Weigh In On BlackBerry

A number of large investors have recently added to or reduced their stakes in BB. CoreCap Advisors LLC purchased a new position in BlackBerry during the second quarter valued at $31,000. Elevation Wealth Partners LLC purchased a new stake in shares of BlackBerry during the second quarter worth about $32,000. Delos Wealth Advisors LLC purchased a new stake in shares of BlackBerry during the third quarter worth about $34,000. Wealthfront Advisers LLC acquired a new position in shares of BlackBerry during the 1st quarter worth about $34,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of BlackBerry during the 1st quarter worth about $37,000. 54.48% of the stock is currently owned by institutional investors and hedge funds.

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.