Renaissance Technologies LLC Increases Stake in BlackBerry Limited $BB

Renaissance Technologies LLC boosted its holdings in shares of BlackBerry Limited (NYSE:BB) by 139.2% during the first quarter, Holdings Channel.com reports. The institutional investor owned 3,545,543 shares of the company’s stock after buying an additional 2,063,153 shares during the period. Renaissance Technologies LLC’s holdings in BlackBerry were worth $11,488,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Wealthfront Advisers LLC purchased a new stake in shares of BlackBerry during the first quarter worth $34,000. Bank of New York Mellon Corp acquired a new position in BlackBerry during the 1st quarter worth $37,000. Portfolio Resources Advisor Group Inc. purchased a new stake in BlackBerry during the 4th quarter worth about $46,000. Apella Capital LLC acquired a new stake in BlackBerry in the 1st quarter valued at about $47,000. Finally, Chicago Partners Investment Group LLC raised its position in BlackBerry by 50.0% in the 1st quarter. Chicago Partners Investment Group LLC now owns 15,000 shares of the company’s stock valued at $49,000 after purchasing an additional 5,000 shares in the last quarter. Institutional investors and hedge funds own 54.48% of the company’s stock.

Analyst Upgrades and Downgrades

BB has been the subject of several recent research reports. Stifel Nicolaus assumed coverage on BlackBerry in a research note on Wednesday, June 24th. They issued a “buy” rating and a $12.00 price objective for the company. Canaccord Genuity Group upped their target price on shares of BlackBerry from $8.20 to $10.30 and gave the stock a “hold” rating in a research note on Friday, June 26th. Weiss Ratings raised shares of BlackBerry from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday. Wall Street Zen upgraded shares of BlackBerry from a “hold” rating to a “buy” rating in a research note on Monday, June 8th. Finally, TD Securities reissued a “hold” rating and issued a $8.00 price objective on shares of BlackBerry in a research report on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $8.92.

Insider Transactions at BlackBerry

In related news, CFO Tim Foote sold 8,235 shares of the company’s 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 completion of the sale, the chief financial officer directly owned 73,535 shares of the company’s stock, valued at $803,002.20. This represents a 10.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Philip S. Kurtz sold 6,414 shares of the company’s stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $11.07, for a total value of $71,002.98. Following the completion of the sale, the insider directly owned 125,158 shares of the company’s stock, valued at approximately $1,385,499.06. This trade represents a 4.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 355,858 shares of company stock valued at $4,012,270 over the last quarter. Company insiders own 0.51% of the company’s stock.

BlackBerry Price Performance

Shares of NYSE:BB opened at $8.52 on Friday. The company’s fifty day moving average price is $9.65 and its 200 day moving average price is $6.08. BlackBerry Limited has a 12 month low of $3.12 and a 12 month high of $13.59. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.20 and a quick ratio of 2.20. The firm has a market capitalization of $4.99 billion, a P/E ratio of 94.62 and a beta of 2.20.

BlackBerry (NYSE:BB) last released its quarterly earnings data on Thursday, June 25th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.01. BlackBerry had a net margin of 10.31% and a return on equity of 11.66%. The company had revenue of $152.90 million during the quarter, compared to the consensus estimate of $136.10 million. During the same quarter in the prior year, the firm posted $0.02 earnings per share. BlackBerry’s revenue for the quarter was up 25.6% on a year-over-year basis. BlackBerry has set its FY 2027 guidance at 0.160-0.200 EPS and its Q2 2027 guidance at 0.030-0.040 EPS. As a group, sell-side analysts predict 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.