730,450 Shares in BlackBerry Limited $BB Purchased by Deepwater Asset Management LLC

Deepwater Asset Management LLC purchased a new stake in BlackBerry Limited (NYSE:BB) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 730,450 shares of the company’s stock, valued at approximately $9,240,000. BlackBerry comprises 4.2% of Deepwater Asset Management LLC’s holdings, making the stock its 5th largest position.

Several other large investors have also recently bought and sold shares of BB. CoreCap Advisors LLC acquired a new stake in BlackBerry during the second quarter worth approximately $31,000. Elevation Wealth Partners LLC acquired a new position in shares of BlackBerry in the second quarter valued at approximately $32,000. Global Retirement Partners LLC bought a new position in shares of BlackBerry during the second quarter worth approximately $50,000. Wealthfront Advisers LLC bought a new position in shares of BlackBerry during the first quarter worth approximately $34,000. Finally, Bank of New York Mellon Corp acquired a new stake in BlackBerry during the 1st quarter worth approximately $37,000. 54.48% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

BB has been the subject of several recent research reports. Raymond James Financial boosted their price target on BlackBerry from $4.75 to $9.50 and gave the company a “market perform” rating in a research note on Friday, June 26th. Wall Street Zen downgraded BlackBerry from a “buy” rating to a “hold” rating in a report on Saturday. Royal Bank Of Canada boosted their target price on shares of BlackBerry from $4.50 to $9.00 and gave the company a “sector perform” rating in a research report on Friday, June 26th. Stifel Nicolaus began coverage on shares of BlackBerry in a research note on Wednesday, June 24th. They issued a “buy” rating and a $12.00 price objective for the company. Finally, Weiss Ratings upgraded shares of BlackBerry from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, BlackBerry has a consensus rating of “Hold” and an average price target of $8.92.

BlackBerry Trading Down 1.8%

BB opened at $8.57 on Wednesday. The stock has a market capitalization of $5.03 billion, a price-to-earnings ratio of 95.29 and a beta of 2.26. 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 50-day simple moving average of $9.55 and a 200 day simple moving average of $6.51.

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

Insider Activity

In related news, insider Philip S. Kurtz sold 6,414 shares of BlackBerry stock in a transaction that occurred 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 transaction, the insider directly owned 125,158 shares of the company’s stock, valued at $1,385,499.06. This trade represents a 4.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO John Joseph Giamatteo sold 152,012 shares of the company’s stock in a transaction on Thursday, July 9th. The stock was sold at an average price of $11.35, for a total value of $1,725,336.20. Following the sale, the chief executive officer owned 687,246 shares of the company’s stock, valued at $7,800,242.10. The trade was a 18.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 355,858 shares of company stock worth $4,012,270. 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.