BlackBerry (NYSE:BB) Trading Down 5.6% – What’s Next?

BlackBerry Limited (NYSE:BB)’s stock price traded down 5.6% during mid-day trading on Friday . The company traded as low as $5.05 and last traded at $4.9760. 3,804,058 shares were traded during trading, a decline of 60% from the average session volume of 9,620,433 shares. The stock had previously closed at $5.27.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Weiss Ratings raised BlackBerry from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday, April 10th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $4.50 price target on shares of BlackBerry in a report on Friday, April 10th. Canaccord Genuity Group lowered their target price on BlackBerry from $4.60 to $4.40 and set a “hold” rating on the stock in a report on Friday, April 10th. Finally, Wall Street Zen raised BlackBerry from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. One equities research analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $4.88.

BlackBerry Stock Performance

The business has a fifty day simple moving average of $3.66 and a two-hundred day simple moving average of $3.99. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 0.26. The company has a market cap of $2.95 billion, a P/E ratio of 62.77 and a beta of 1.70.

BlackBerry (NYSE:BB) last posted its earnings results on Thursday, April 9th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. BlackBerry had a return on equity of 10.09% and a net margin of 9.69%.The company had revenue of $157.96 million for the quarter, compared to the consensus estimate of $144.27 million. During the same quarter in the prior year, the company earned $0.03 earnings per share. BlackBerry’s revenue was up 10.1% on a year-over-year basis. BlackBerry has set its Q1 2027 guidance at 0.020-0.030 EPS and its FY 2027 guidance at 0.150-0.190 EPS. On average, sell-side analysts anticipate that BlackBerry Limited will post 0.13 EPS for the current year.

Insider Transactions at BlackBerry

In other BlackBerry news, CEO John Joseph Giamatteo sold 27,066 shares of the company’s stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $3.56, for a total value of $96,354.96. Following the completion of the sale, the chief executive officer owned 899,146 shares in the company, valued at $3,200,959.76. This represents a 2.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Jennifer Armstrong-Owen sold 29,908 shares of the company’s stock in a transaction dated Saturday, April 4th. The stock was sold at an average price of $3.56, for a total value 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 approximately $337,854.68. The trade was a 23.96% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 73,171 shares of company stock valued at $260,489. Company insiders own 0.37% of the company’s stock.

Institutional Trading of BlackBerry

A number of hedge funds and other institutional investors have recently bought and sold shares of BB. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in BlackBerry by 1.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 823,822 shares of the company’s stock worth $3,106,000 after buying an additional 10,667 shares in the last quarter. Geode Capital Management LLC increased its position in BlackBerry by 263.2% in the second quarter. Geode Capital Management LLC now owns 1,167,739 shares of the company’s stock worth $5,348,000 after buying an additional 846,208 shares in the last quarter. Creative Planning grew its position in shares of BlackBerry by 87.5% during the second quarter. Creative Planning now owns 53,413 shares of the company’s stock worth $245,000 after purchasing an additional 24,921 shares in the last quarter. Flow Traders U.S. LLC purchased a new stake in shares of BlackBerry during the second quarter worth about $86,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of BlackBerry by 1,390.6% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,589,886 shares of the company’s stock worth $71,397,000 after purchasing an additional 14,544,005 shares in the last quarter. Hedge funds and other institutional investors own 54.48% 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.