BlackBerry (NYSE:BB) Stock: Insider Philip Kurtz Sells 6,164 Shares

Posted by Francis Steltz on Oct 15th, 2026

BlackBerry Limited (NYSE:BB – Get Free Report) insider Philip Kurtz sold 6,164 shares of the firm’s stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of $8.45, for a total transaction of $52,085.80. Following the completion of the sale, the insider directly owned 73,109 shares in the company, valued at approximately $617,771.05. This trade represents a 7.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

BlackBerry Trading Down 3.0%

NYSE BB opened at $8.21 on Thursday. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.25. BlackBerry Limited has a 52 week low of $3.12 and a 52 week high of $13.59. The stock has a market capitalization of $4.82 billion, a PE ratio of 68.45 and a beta of 2.20. The firm has a 50 day moving average of $8.37 and a two-hundred day moving average of $7.91.

BlackBerry (NYSE:BB – Get Free Report) last announced its quarterly earnings data on Thursday, September 24th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.03. BlackBerry had a net margin of 13.09% and a return on equity of 13.71%. The company had revenue of $166.56 million for the quarter, compared to the consensus estimate of $144.22 million. During the same period in the prior year, the firm posted $0.04 EPS. The company’s quarterly revenue was up 26.0% compared to the same quarter last year. BlackBerry has set its FY 2027 guidance at 0.190-0.220 EPS and its Q3 2027 guidance at 0.040-0.050 EPS. As a group, research analysts expect that BlackBerry Limited will post 0.17 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Wall Street Zen raised BlackBerry from a “hold” rating to a “buy” rating in a report on Saturday, August 29th. Canaccord Genuity Group decreased their price target on BlackBerry from $10.30 to $9.50 and set a “hold” rating for the company in a report on Friday, September 25th. Canadian Imperial Bank of Commerce lifted their price target on BlackBerry from $10.00 to $13.00 and gave the stock an “outperformer” rating in a report on Friday, June 26th. Zacks Research cut BlackBerry from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 25th. Finally, TD Securities reaffirmed a “hold” rating and set a $8.00 price objective on shares of BlackBerry in a research report on Friday, June 26th. Two equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, BlackBerry presently has a consensus rating of “Hold” and an average target price of $9.86.

Get Our Latest Stock Analysis on BB

Institutional Investors Weigh In On BlackBerry

Hedge funds and other institutional investors have recently bought and sold shares of the stock. CoreCap Advisors LLC purchased a new stake in BlackBerry in the second quarter valued at $31,000. Integrated Wealth Concepts LLC acquired a new position in BlackBerry in the second quarter valued at $31,000. Elevation Wealth Partners LLC acquired a new position in BlackBerry in the second quarter valued at $32,000. Wealthfront Advisers LLC purchased a new position in shares of BlackBerry during the first quarter worth about $34,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of BlackBerry during the first quarter worth about $37,000. 54.48% of the stock is currently owned by institutional investors and hedge funds.

About BlackBerry

(Get Free Report)

BlackBerry Limited is a Canadian technology company that provides cybersecurity and Internet of Things (IoT) software. Its cybersecurity offerings support endpoint protection, threat detection and response, secure communications, identity management, and unified endpoint management for businesses and government organizations.

Through its QNX business, BlackBerry supplies secure, safety-certified real-time operating systems and embedded software for automotive systems and other connected devices.