BlackBerry Limited (NYSE:BB – Get Free Report) rose 8.4% during trading on Friday . The stock traded as high as $7.23 and last traded at $7.2110. Approximately 5,507,741 shares changed hands during mid-day trading, a decline of 56% from the average daily volume of 12,648,574 shares. The stock had previously closed at $6.65.
Analyst Upgrades and Downgrades
BB has been the subject of several research reports. Canaccord Genuity Group decreased their price target on shares of BlackBerry from $4.60 to $4.40 and set a “hold” rating for the company in a report on Friday, April 10th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $4.50 price target on shares of BlackBerry in a report on Friday, April 10th. Weiss Ratings raised shares of BlackBerry from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday. Finally, Wall Street Zen lowered shares of BlackBerry from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. One research analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $4.88.
Read Our Latest Stock Report on BB
BlackBerry Trading Up 18.0%
BlackBerry (NYSE:BB – Get Free Report) last issued its quarterly earnings results on Thursday, April 9th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. The company had revenue of $157.96 million during the quarter, compared to analyst estimates of $144.27 million. BlackBerry had a net margin of 9.69% and a return on equity of 10.09%. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.03 EPS. BlackBerry has set its Q1 2027 guidance at 0.020-0.030 EPS and its FY 2027 guidance at 0.150-0.190 EPS. Equities analysts forecast that BlackBerry Limited will post 0.13 earnings per share for the current fiscal year.
Insider Transactions at BlackBerry
In other BlackBerry news, SVP Jennifer Armstrong-Owen sold 29,908 shares of the stock in a transaction dated Saturday, April 4th. The shares were sold at an average price of $3.56, for a total transaction of $106,472.48. Following the sale, the senior vice president owned 94,903 shares of the company’s stock, valued at $337,854.68. This represents a 23.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO John Joseph Giamatteo sold 27,066 shares of the stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $3.56, for a total transaction of $96,354.96. Following the sale, the chief executive officer directly owned 899,146 shares in the company, valued at approximately $3,200,959.76. This represents a 2.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 73,171 shares of company stock valued at $260,489 in the last quarter. 0.51% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On BlackBerry
Hedge funds have recently added to or reduced their stakes in the stock. Amundi boosted its stake in shares of BlackBerry by 52.7% in the 1st quarter. Amundi now owns 116,430 shares of the company’s stock valued at $377,000 after purchasing an additional 40,184 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of BlackBerry by 139.2% in the 1st quarter. Renaissance Technologies LLC now owns 3,545,543 shares of the company’s stock valued at $11,488,000 after purchasing an additional 2,063,153 shares during the last quarter. Wealthfront Advisers LLC bought a new position in shares of BlackBerry in the 1st quarter valued at about $34,000. Bank of New York Mellon Corp bought a new position in shares of BlackBerry in the 1st quarter valued at about $37,000. Finally, V2 Financial group LLC boosted its stake in shares of BlackBerry by 6.8% in the 1st quarter. V2 Financial group LLC now owns 32,100 shares of the company’s stock valued at $104,000 after purchasing an additional 2,050 shares during the last quarter. 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.
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