Jennifer Armstrong-Owen Sells 3,296 Shares of BlackBerry (NYSE:BB) Stock

BlackBerry Limited (NYSE:BB) SVP Jennifer Armstrong-Owen sold 3,296 shares of the company’s stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $10.92, for a total transaction of $35,992.32. Following the completion of the transaction, the senior vice president owned 106,091 shares in the company, valued at approximately $1,158,513.72. The trade was a 3.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Thursday, July 2nd, Jennifer Armstrong-Owen sold 2,556 shares of BlackBerry stock. The shares were sold at an average price of $11.22, for a total transaction of $28,678.32.

BlackBerry Stock Down 4.0%

BlackBerry stock traded down $0.46 during trading hours on Friday, hitting $10.97. The stock had a trading volume of 17,606,601 shares, compared to its average volume of 20,262,213. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $6.43 billion, a P/E ratio of 121.96 and a beta of 2.20. BlackBerry Limited has a 12-month low of $3.12 and a 12-month high of $13.59. The stock’s 50-day moving average price is $8.70 and its 200-day moving average price is $5.50.

BlackBerry (NYSE:BB) last posted its quarterly earnings results on Thursday, June 25th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. The firm had revenue of $152.90 million for the quarter, compared to analysts’ expectations of $136.10 million. BlackBerry had a net margin of 10.31% and a return on equity of 11.66%. The business’s revenue for the quarter was up 25.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.02 earnings per share. BlackBerry has set its FY 2027 guidance at 0.160-0.200 EPS and its Q2 2027 guidance at 0.030-0.040 EPS. Equities research analysts anticipate that BlackBerry Limited will post 0.13 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on BB shares. Raymond James Financial increased their target price on BlackBerry from $4.75 to $9.50 and gave the company a “market perform” rating in a research note on Friday, June 26th. Royal Bank Of Canada boosted their price target on BlackBerry from $4.50 to $9.00 and gave the stock a “sector perform” rating in a research note on Friday, June 26th. Canaccord Genuity Group upped their price target on BlackBerry from $8.20 to $10.30 and gave the company a “hold” rating in a report on Friday, June 26th. Weiss Ratings cut BlackBerry from a “hold (c)” rating to a “sell (d+)” rating in a research report on Tuesday. Finally, TD lifted their price objective on BlackBerry from $5.00 to $8.00 and gave the stock a “hold” rating in a report on Friday, June 26th. Two analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, BlackBerry has a consensus rating of “Hold” and an average target price of $8.92.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BB. General American Investors Co. Inc. purchased a new stake in BlackBerry in the fourth quarter worth approximately $3,892,000. Havemeyer Place LP purchased a new stake in BlackBerry during the 4th quarter valued at $1,349,000. Hsbc Holdings PLC raised its stake in BlackBerry by 1,501.9% during the 4th quarter. Hsbc Holdings PLC now owns 1,890,023 shares of the company’s stock valued at $7,116,000 after buying an additional 1,772,039 shares during the last quarter. TD Asset Management Inc lifted its holdings in shares of BlackBerry by 3.4% during the 4th quarter. TD Asset Management Inc now owns 1,809,320 shares of the company’s stock valued at $6,837,000 after buying an additional 60,320 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of BlackBerry by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 23,935,970 shares of the company’s stock valued at $90,334,000 after buying an additional 142,924 shares during the period. Institutional investors own 54.48% of the company’s stock.

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.