BlackBerry (NYSE:BB) Trading 8.6% Higher – What’s Next?

BlackBerry Limited (NYSE:BB) shares traded up 8.6% during trading on Thursday . The company traded as high as $4.49 and last traded at $4.4650. 10,385,903 shares changed hands during trading, an increase of 29% from the average session volume of 8,075,249 shares. The stock had previously closed at $4.11.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on BB shares. Canaccord Genuity Group dropped their target price on BlackBerry from $4.60 to $4.40 and set a “hold” rating for the company in a report on Friday, April 10th. Wall Street Zen upgraded shares of BlackBerry from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. TD Securities upgraded shares of BlackBerry to a “hold” rating in a research report on Monday, December 22nd. Royal Bank Of Canada restated a “sector perform” rating and issued a $4.50 price target on shares of BlackBerry in a research report on Friday, April 10th. Finally, Weiss Ratings raised shares of BlackBerry from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday, April 10th. One research analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $4.88.

BlackBerry Stock Performance

The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.26. The stock has a market cap of $2.66 billion, a price-to-earnings ratio of 56.69 and a beta of 1.70. The firm has a fifty day simple moving average of $3.45 and a 200-day simple moving average of $3.96.

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

Insider Activity at BlackBerry

In other news, CEO John Joseph Giamatteo sold 27,066 shares of the stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $3.56, for a total value of $96,354.96. Following the transaction, the chief executive officer owned 899,146 shares of the company’s stock, valued at $3,200,959.76. This represents a 2.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Jennifer Armstrong-Owen sold 29,908 shares of BlackBerry stock in a transaction on Saturday, April 4th. The stock was sold at an average price of $3.56, for a total value of $106,472.48. Following the sale, 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 disclosure for this sale is available in the SEC filing. Insiders sold 73,171 shares of company stock worth $260,489 over the last 90 days. 0.37% of the stock is currently owned by company insiders.

Institutional Trading of BlackBerry

Institutional investors and hedge funds have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in BlackBerry by 1,390.6% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,589,886 shares of the company’s stock worth $71,397,000 after acquiring an additional 14,544,005 shares during the last quarter. First Trust Advisors LP increased its position in shares of BlackBerry by 34.4% in the 4th quarter. First Trust Advisors LP now owns 24,991,652 shares of the company’s stock valued at $94,718,000 after buying an additional 6,399,502 shares in the last quarter. Bank of America Corp DE raised its stake in BlackBerry by 183.6% during the 2nd quarter. Bank of America Corp DE now owns 4,604,205 shares of the company’s stock worth $21,087,000 after buying an additional 2,980,732 shares during the period. Dimensional Fund Advisors LP lifted its holdings in BlackBerry by 368.6% during the third quarter. Dimensional Fund Advisors LP now owns 3,078,600 shares of the company’s stock worth $15,027,000 after acquiring an additional 2,421,578 shares in the last quarter. Finally, Hsbc Holdings PLC grew its stake in BlackBerry by 1,501.9% in the fourth quarter. Hsbc Holdings PLC now owns 1,890,023 shares of the company’s stock valued at $7,116,000 after acquiring an additional 1,772,039 shares during the period. 54.48% of the stock is owned by institutional investors.

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.