BlackBerry Limited (NYSE:BB – Get Free Report) CFO Tim Foote sold 28,600 shares of the company’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $3.82, for a total transaction of $109,252.00. Following the completion of the sale, the chief financial officer owned 41,626 shares in the company, valued at approximately $159,011.32. This trade represents a 40.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Tim Foote also recently made the following trade(s):
- On Tuesday, January 6th, Tim Foote sold 2,445 shares of BlackBerry stock. The shares were sold at an average price of $3.88, for a total value of $9,486.60.
BlackBerry Trading Down 0.9%
Shares of NYSE BB opened at $3.86 on Friday. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.26. The stock’s 50 day moving average price is $4.20 and its two-hundred day moving average price is $4.18. BlackBerry Limited has a 52-week low of $2.80 and a 52-week high of $6.24. The stock has a market capitalization of $2.28 billion, a P/E ratio of 128.54 and a beta of 1.40.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on BB shares. Weiss Ratings restated a “sell (d+)” rating on shares of BlackBerry in a research report on Friday, December 26th. TD Securities upgraded BlackBerry to a “hold” rating in a research note on Monday, December 22nd. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $4.50 target price on shares of BlackBerry in a report on Friday, December 19th. Zacks Research downgraded BlackBerry from a “strong-buy” rating to a “hold” rating in a report on Monday, November 24th. Finally, Wall Street Zen upgraded BlackBerry from a “hold” rating to a “buy” rating in a research note on Friday, September 26th. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, BlackBerry presently has a consensus rating of “Hold” and a consensus target price of $5.10.
Check Out Our Latest Report on BlackBerry
Institutional Trading of BlackBerry
Large investors have recently added to or reduced their stakes in the business. Benjamin Edwards Inc. raised its stake in BlackBerry by 16.5% during the 3rd quarter. Benjamin Edwards Inc. now owns 17,005 shares of the company’s stock valued at $83,000 after acquiring an additional 2,405 shares in the last quarter. SBI Securities Co. Ltd. increased its holdings in shares of BlackBerry by 10.3% during the third quarter. SBI Securities Co. Ltd. now owns 27,434 shares of the company’s stock valued at $134,000 after purchasing an additional 2,569 shares during the period. Raymond James Financial Inc. raised its stake in shares of BlackBerry by 2.1% during the third quarter. Raymond James Financial Inc. now owns 128,998 shares of the company’s stock valued at $630,000 after purchasing an additional 2,689 shares in the last quarter. CI Investments Inc. lifted its holdings in BlackBerry by 48.4% in the third quarter. CI Investments Inc. now owns 8,414 shares of the company’s stock worth $41,000 after purchasing an additional 2,745 shares during the period. Finally, Mackenzie Financial Corp lifted its holdings in BlackBerry by 1.1% in the third quarter. Mackenzie Financial Corp now owns 401,841 shares of the company’s stock worth $1,960,000 after purchasing an additional 4,249 shares during the period. 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.
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