BlackBerry (NYSE:BB) Insider Philip Kurtz Sells 6,414 Shares of Stock

BlackBerry Limited (NYSE:BB) insider Philip Kurtz sold 6,414 shares of BlackBerry stock in a transaction on 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 transaction, the insider owned 125,158 shares in the company, valued at approximately $1,385,499.06. The trade was a 4.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

BlackBerry Price Performance

Shares of BB stock traded down $0.46 on Friday, hitting $10.97. 17,626,175 shares of the company’s stock were exchanged, compared to its average volume of 31,549,920. 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 12 month low of $3.12 and a 12 month high of $13.59. The stock has a market cap of $6.43 billion, a P/E ratio of 121.96 and a beta of 2.20. The company has a 50 day moving average of $8.81 and a 200 day moving average of $5.53.

BlackBerry (NYSE:BB) last released its quarterly earnings data on Thursday, June 25th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.01. BlackBerry had a return on equity of 11.66% and a net margin of 10.31%.The business had revenue of $152.90 million for the quarter, compared to analyst estimates of $136.10 million. During the same period last year, the firm posted $0.02 earnings per share. BlackBerry’s revenue was up 25.6% compared to the same quarter last year. 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 research analysts predict that BlackBerry Limited will post 0.13 EPS for the current year.

Hedge Funds Weigh In On BlackBerry

A number of hedge funds have recently modified their holdings of BB. CoreCap Advisors LLC acquired a new stake in shares of BlackBerry in the second quarter valued at about $31,000. Elevation Wealth Partners LLC bought a new stake in BlackBerry in the second quarter valued at approximately $32,000. Delos Wealth Advisors LLC acquired a new stake in BlackBerry during the 3rd quarter valued at approximately $34,000. Wealthfront Advisers LLC bought a new position in BlackBerry during the 1st quarter worth approximately $34,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of BlackBerry in the 1st quarter worth approximately $37,000. Institutional investors and hedge funds own 54.48% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on BB. TD Securities reaffirmed a “hold” rating and set a $8.00 price target on shares of BlackBerry in a report on Friday, June 26th. TD increased their price objective on shares of BlackBerry from $5.00 to $8.00 and gave the company a “hold” rating in a research note on Friday, June 26th. Canadian Imperial Bank of Commerce raised 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. Stifel Nicolaus initiated coverage on shares of BlackBerry in a research note on Wednesday, June 24th. They set a “buy” rating and a $12.00 target price on the stock. Finally, Royal Bank Of Canada upped their price target on shares of BlackBerry from $4.50 to $9.00 and gave the stock a “sector perform” rating in a report on Friday, June 26th. Two investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $8.92.

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.