Nwam LLC Takes Position in BlackBerry Limited $BB

Nwam LLC bought a new position in BlackBerry Limited (NYSE:BB) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 558,925 shares of the company’s stock, valued at approximately $7,070,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CoreCap Advisors LLC purchased a new position in shares of BlackBerry during the second quarter worth approximately $31,000. Elevation Wealth Partners LLC purchased a new stake in shares of BlackBerry in the 2nd quarter valued at $32,000. Global Retirement Partners LLC bought a new position in shares of BlackBerry during the 2nd quarter valued at $50,000. Csenge Advisory Group bought a new position in shares of BlackBerry during the 2nd quarter valued at $126,000. Finally, Bank of Nova Scotia purchased a new position in BlackBerry in the 2nd quarter worth $131,000. Hedge funds and other institutional investors own 54.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on BB. Raymond James Financial raised 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. Zacks Research lowered BlackBerry from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 25th. Wall Street Zen upgraded BlackBerry from a “hold” rating to a “buy” rating in a research report on Saturday. Canaccord Genuity Group increased their price objective on BlackBerry from $8.20 to $10.30 and gave the company a “hold” rating in a research note on Friday, June 26th. Finally, Stifel Nicolaus started coverage on shares of BlackBerry in a research note on Wednesday, June 24th. They issued a “buy” rating and a $12.00 target price on the stock. Two analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, BlackBerry has a consensus rating of “Hold” and a consensus target price of $8.92.

BlackBerry Stock Performance

NYSE BB opened at $8.16 on Tuesday. BlackBerry Limited has a fifty-two week low of $3.12 and a fifty-two week high of $13.59. 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 has a 50 day simple moving average of $9.41 and a two-hundred day simple moving average of $6.80. The stock has a market cap of $4.79 billion, a P/E ratio of 90.68 and a beta of 2.26.

BlackBerry (NYSE:BB) last posted its earnings results 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 return on equity of 11.66% and a net margin of 10.31%.The firm had revenue of $152.90 million for the quarter, compared to analysts’ expectations of $136.10 million. During the same period in the previous year, the firm earned $0.02 earnings per share. The business’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, analysts forecast that BlackBerry Limited will post 0.13 earnings per share for the current year.

Insider Activity at BlackBerry

In other BlackBerry news, CFO Tim Foote sold 25,878 shares of the company’s stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $12.39, for a total value of $320,628.42. Following the completion of the transaction, the chief financial officer directly owned 58,372 shares in the company, valued at approximately $723,229.08. This represents a 30.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John Joseph Giamatteo sold 152,012 shares of BlackBerry stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $11.35, for a total transaction of $1,725,336.20. Following the sale, the chief executive officer directly owned 687,246 shares in the company, valued at $7,800,242.10. The trade was a 18.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have 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 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.