BlackBerry (NYSE:BB) SVP Sells $28,248.44 in Stock

BlackBerry Limited (NYSE:BB) SVP Jennifer Armstrong-Owen sold 3,379 shares of the firm’s stock in a transaction dated Friday, October 9th. The shares were sold at an average price of $8.36, for a total transaction of $28,248.44. Following the completion of the sale, the senior vice president owned 113,904 shares of the company’s stock, valued at $952,237.44. This trade represents a 2.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Jennifer Armstrong-Owen also recently made the following trade(s):

• On Friday, October 2nd, Jennifer Armstrong-Owen sold 2,590 shares of BlackBerry stock. The stock was sold at an average price of $9.20, for a total transaction of $23,828.00.

BlackBerry Stock Performance

BB opened at $8.71 on Friday. BlackBerry Limited has a 1-year low of $3.12 and a 1-year high of $13.59. The stock has a market cap of $5.12 billion, a P/E ratio of 72.62 and a beta of 2.20. The stock’s 50 day simple moving average is $8.36 and its 200 day simple moving average is $7.95. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.38 and a quick ratio of 2.38.

BlackBerry (NYSE:BB) last announced its earnings results on Thursday, September 24th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.03. BlackBerry had a net margin of 13.09% and a return on equity of 13.71%. The company had revenue of $166.56 million during the quarter, compared to analysts’ expectations of $144.22 million. During the same quarter in the previous year, the business posted $0.04 earnings per share. The firm’s quarterly revenue was up 26.0% compared to the same quarter last year. BlackBerry has set its FY 2027 guidance at 0.190-0.220 EPS and its Q3 2027 guidance at 0.040-0.050 EPS. As a group, equities analysts anticipate that BlackBerry Limited will post 0.17 EPS for the current fiscal year.

Institutional Trading of BlackBerry

A number of institutional investors and hedge funds have recently modified their holdings of BB. Renaissance Technologies LLC raised its position in shares of BlackBerry by 139.2% during the 1st quarter. Renaissance Technologies LLC now owns 3,545,543 shares of the company’s stock worth $11,488,000 after purchasing an additional 2,063,153 shares during the period. Nwam LLC bought a new stake in shares of BlackBerry in the 2nd quarter worth approximately $7,070,000. Canada Pension Plan Investment Board bought a new stake in shares of BlackBerry in the 2nd quarter worth approximately $20,798,000. Legal & General Group Plc acquired a new position in BlackBerry during the 2nd quarter valued at approximately $480,710,000. Finally, Deepwater Asset Management LLC acquired a new position in BlackBerry during the 2nd quarter valued at approximately $9,240,000. 54.48% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BB has been the subject of a number of research analyst reports. Raymond James Financial upped their price objective on shares of BlackBerry from $4.75 to $9.50 and gave the company a “market perform” 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 research report on Friday, September 25th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $9.00 target price on shares of BlackBerry in a research report on Monday, September 21st. TD Securities restated a “hold” rating and issued a $8.00 target price on shares of BlackBerry in a report on Friday, June 26th. Finally, Canadian Imperial Bank of Commerce upped their price target on shares of BlackBerry from $10.00 to $13.00 and gave the stock an “outperformer” rating in a research report on Friday, June 26th. Two analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $9.86.

BlackBerry Company Profile

BlackBerry Limited is a Canadian technology company that provides cybersecurity and Internet of Things (IoT) software. Its cybersecurity offerings support endpoint protection, threat detection and response, secure communications, identity management, and unified endpoint management for businesses and government organizations.

Through its QNX business, BlackBerry supplies secure, safety-certified real-time operating systems and embedded software for automotive systems and other connected devices.