Insider Selling: BlackBerry (NYSE:BB) CFO Sells 3,155 Shares of Stock

BlackBerry Limited (NYSE:BB) CFO Tim Foote sold 3,155 shares of BlackBerry stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $4.62, for a total transaction of $14,576.10. Following the completion of the transaction, the chief financial officer owned 39,709 shares of the company’s stock, valued at $183,455.58. This represents a 7.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

BlackBerry Trading Up 6.7%

NYSE:BB opened at $4.80 on Tuesday. BlackBerry Limited has a 1 year low of $2.24 and a 1 year high of $6.24. The stock’s fifty day moving average price is $3.98 and its two-hundred day moving average price is $3.89. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.20 and a quick ratio of 2.20. The company has a market cap of $2.83 billion, a P/E ratio of -480.00 and a beta of 1.51.

BlackBerry (NYSE:BB) last released its quarterly earnings data on Thursday, September 25th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.03. The company had revenue of $130.96 million for the quarter, compared to analyst estimates of $122.03 million. BlackBerry had a positive return on equity of 6.07% and a negative net margin of 0.60%.BlackBerry’s revenue was down 10.6% on a year-over-year basis. BlackBerry has set its Q3 2026 guidance at 0.020-0.040 EPS. FY 2026 guidance at 0.110-0.15 EPS. As a group, analysts expect that BlackBerry Limited will post -0.03 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Canaccord Genuity Group reissued a “hold” rating and issued a $4.60 price target on shares of BlackBerry in a report on Friday, September 26th. Weiss Ratings reiterated a “sell (d-)” rating on shares of BlackBerry in a research note on Saturday, September 27th. Wall Street Zen upgraded shares of BlackBerry from a “hold” rating to a “buy” rating in a research report on Friday, September 26th. Robert W. Baird upped their price target on shares of BlackBerry from $5.00 to $5.50 and gave the stock a “neutral” rating in a report on Friday, September 26th. Finally, TD Securities lowered BlackBerry from a “buy” rating to a “hold” rating and lifted their price objective for the company from $4.00 to $5.00 in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $5.10.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BB. Benjamin Edwards Inc. increased its stake in BlackBerry by 31.5% in the second quarter. Benjamin Edwards Inc. now owns 14,600 shares of the company’s stock valued at $67,000 after acquiring an additional 3,500 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in shares of BlackBerry by 10.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 38,357 shares of the company’s stock valued at $145,000 after buying an additional 3,755 shares in the last quarter. Hsbc Holdings PLC lifted its position in BlackBerry by 16.7% in the 1st quarter. Hsbc Holdings PLC now owns 31,641 shares of the company’s stock worth $119,000 after buying an additional 4,525 shares during the last quarter. Parallel Advisors LLC boosted its stake in BlackBerry by 216.2% in the first quarter. Parallel Advisors LLC now owns 7,156 shares of the company’s stock worth $27,000 after buying an additional 4,893 shares in the last quarter. Finally, SBI Securities Co. Ltd. grew its position in BlackBerry by 19.5% during the first quarter. SBI Securities Co. Ltd. now owns 30,538 shares of the company’s stock valued at $115,000 after acquiring an additional 4,976 shares during the last quarter. 54.48% of the stock is currently owned by hedge funds and other institutional investors.

About BlackBerry

BlackBerry Limited provides intelligent security software and services to enterprises and governments worldwide. The company operates through three segments: Cybersecurity, IoT, and Licensing and Other. The company offers CylanceENDPOINT, an integrated endpoint security solution; CylanceGUARD, a managed detection and response solution; CylanceEDGE, an AI-powered continuous authentication zero trust network access solution; CylanceINTELLIGENCE, a contextual cyber threat intelligence service; BlackBerry Dynamics offers a development platform and secure container for mobile applications; BlackBerry Workspaces a secure Enterprise File Sync and Share (EFSS) solution; BlackBerry Messenger (BBM) Enterprise, an enterprise-grade secure instant messaging solution for messaging, voice and video; BlackBerry SecuSUITE is a certified, multi-OS voice and text messaging solution; BlackBerry AtHoc, a secure networked critical event management solution; and BlackBerry unified endpoint management (UEM) solutions.