Insider Selling: BlackBerry (NYSE:BB) SVP Sells 29,908 Shares of Stock

BlackBerry Limited (NYSE:BB) SVP Jennifer Armstrong-Owen sold 29,908 shares of the firm’s stock in a transaction on Saturday, April 4th. The stock was sold at an average price of $3.56, for a total transaction of $106,472.48. Following the completion of the sale, the senior vice president owned 94,903 shares of the company’s stock, valued at $337,854.68. The trade was a 23.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Thursday, April 2nd, Jennifer Armstrong-Owen sold 2,888 shares of BlackBerry stock. The stock was sold at an average price of $3.56, for a total transaction of $10,281.28.

BlackBerry Stock Down 1.8%

NYSE:BB traded down $0.07 during trading hours on Tuesday, reaching $3.49. The company had a trading volume of 9,706,857 shares, compared to its average volume of 7,478,344. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.26. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of 116.21 and a beta of 1.70. The business’s 50-day simple moving average is $3.42 and its two-hundred day simple moving average is $3.99. BlackBerry Limited has a twelve month low of $2.81 and a twelve month high of $5.32.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. First Trust Advisors LP lifted its position in shares of BlackBerry by 34.4% during the fourth quarter. First Trust Advisors LP now owns 24,991,652 shares of the company’s stock valued at $94,718,000 after purchasing an additional 6,399,502 shares in the last quarter. Vanguard Group Inc. raised its position in BlackBerry by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 23,935,970 shares of the company’s stock worth $90,334,000 after acquiring an additional 142,924 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in BlackBerry by 1.3% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,799,334 shares of the company’s stock worth $77,116,000 after acquiring an additional 209,448 shares during the period. Hood River Capital Management LLC bought a new stake in BlackBerry in the second quarter worth about $52,441,000. Finally, Bank of America Corp DE increased its stake in shares of BlackBerry by 21.3% during the 3rd quarter. Bank of America Corp DE now owns 5,584,564 shares of the company’s stock worth $27,253,000 after purchasing an additional 980,359 shares during the last quarter. 54.48% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on BB shares. Canaccord Genuity Group restated a “hold” rating and issued a $4.60 price target on shares of BlackBerry in a report on Friday, December 19th. Wall Street Zen cut shares of BlackBerry from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. TD Securities upgraded shares of BlackBerry to a “hold” rating in a report on Monday, December 22nd. Royal Bank Of Canada reiterated a “sector perform” rating and set a $4.50 price objective on shares of BlackBerry in a report on Friday, December 19th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of BlackBerry in a report on Wednesday, March 25th. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $4.92.

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.