Philip Kurtz Sells 4,195 Shares of BlackBerry (NYSE:BB) Stock

BlackBerry Limited (NYSE:BB) insider Philip Kurtz sold 4,195 shares of the company’s stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $11.56, for a total transaction of $48,494.20. Following the transaction, the insider owned 120,664 shares of the company’s stock, valued at $1,394,875.84. This trade represents a 3.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

BlackBerry Trading Down 2.3%

NYSE BB opened at $11.12 on Wednesday. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.26. BlackBerry Limited has a twelve month low of $3.12 and a twelve month high of $13.59. The company has a market cap of $6.51 billion, a price-to-earnings ratio of 123.51 and a beta of 2.20. The business’s fifty day moving average is $8.46 and its 200 day moving average is $5.39.

BlackBerry (NYSE:BB) last issued its earnings results on Thursday, June 25th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. The business had revenue of $152.90 million during the quarter, compared to analysts’ expectations of $136.10 million. BlackBerry had a return on equity of 11.66% and a net margin of 10.31%.The business’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.02 EPS. 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 expect that BlackBerry Limited will post 0.13 EPS for the current fiscal year.

Institutional Investors Weigh In On BlackBerry

A number of institutional investors have recently modified their holdings of the company. V2 Financial group LLC raised its stake in BlackBerry by 6.8% during the first quarter. V2 Financial group LLC now owns 32,100 shares of the company’s stock worth $104,000 after buying an additional 2,050 shares during the last quarter. CoreCap Advisors LLC acquired a new stake in BlackBerry during the 2nd quarter worth about $31,000. Raymond James Financial Inc. raised its position in shares of BlackBerry by 2.1% in the 3rd quarter. Raymond James Financial Inc. now owns 128,998 shares of the company’s stock worth $630,000 after acquiring an additional 2,689 shares in the last quarter. CI Investments Inc. raised its position in shares of BlackBerry by 48.4% in the 3rd quarter. CI Investments Inc. now owns 8,414 shares of the company’s stock worth $41,000 after acquiring an additional 2,745 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in shares of BlackBerry by 2.4% in the 4th quarter. Invesco Ltd. now owns 128,487 shares of the company’s stock valued at $487,000 after purchasing an additional 2,975 shares during the period. 54.48% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

BB has been the subject of a number of research reports. Royal Bank Of Canada raised their price objective on shares of BlackBerry from $4.50 to $9.00 and gave the company a “sector perform” rating in a report on Friday, June 26th. TD upped their price target on shares of BlackBerry from $5.00 to $8.00 and gave the company a “hold” rating in a research report on Friday, June 26th. Canaccord Genuity Group raised their price target on shares of BlackBerry from $8.20 to $10.30 and gave the company a “hold” rating in a research note on Friday, June 26th. Wall Street Zen upgraded shares of BlackBerry from a “hold” rating to a “buy” rating in a report on Monday, June 8th. Finally, Weiss Ratings raised shares of BlackBerry from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, June 23rd. Two investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $8.92.

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.