Insider Selling: BlackBerry (NYSE:BB) Insider Sells 44,178 Shares of Stock

BlackBerry Limited (NYSE:BB) insider Philip Kurtz sold 44,178 shares of the business’s stock in a transaction that occurred on Sunday, September 28th. The stock was sold at an average price of $4.95, for a total value of $218,681.10. Following the sale, the insider directly owned 95,468 shares in the company, valued at $472,566.60. This trade represents a 31.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

BlackBerry Price Performance

Shares of NYSE:BB opened at $5.00 on Tuesday. The business’s 50 day simple moving average is $3.90 and its 200-day simple moving average is $3.88. The firm has a market capitalization of $2.95 billion, a price-to-earnings ratio of -499.50 and a beta of 1.49. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.20 and a quick ratio of 2.20. BlackBerry Limited has a 12 month low of $2.24 and a 12 month high of $6.24.

BlackBerry (NYSE:BB) last announced its quarterly earnings results on Thursday, September 25th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.01 by $0.03. BlackBerry had a positive return on equity of 6.07% and a negative net margin of 0.60%.The business had revenue of $130.96 million for the quarter, compared to analyst estimates of $122.03 million. The company’s revenue for the quarter was down 10.6% compared to the same quarter last year. 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, equities analysts forecast that BlackBerry Limited will post -0.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on BB shares. Robert W. Baird upped their target price on BlackBerry from $5.00 to $5.50 and gave the company a “neutral” rating in a research note on Friday. Canaccord Genuity Group reaffirmed a “hold” rating and issued a $4.60 target price on shares of BlackBerry in a research note on Friday. CIBC reaffirmed an “outperform” rating on shares of BlackBerry in a research note on Tuesday, June 24th. Wall Street Zen raised BlackBerry from a “hold” rating to a “buy” rating in a research note on Friday. Finally, Royal Bank Of Canada upped their target price on BlackBerry from $4.00 to $4.50 and gave the company a “sector perform” rating in a research note on Friday. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, BlackBerry presently has an average rating of “Moderate Buy” and an average target price of $4.77.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BB. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in BlackBerry by 3.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 813,155 shares of the company’s stock valued at $3,074,000 after acquiring an additional 26,129 shares during the last quarter. Mackenzie Financial Corp increased its holdings in shares of BlackBerry by 3.8% during the 4th quarter. Mackenzie Financial Corp now owns 353,306 shares of the company’s stock worth $1,341,000 after buying an additional 13,089 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of BlackBerry by 216.2% during the 1st quarter. Parallel Advisors LLC now owns 7,156 shares of the company’s stock worth $27,000 after buying an additional 4,893 shares during the last quarter. Milestone Asset Management LLC increased its holdings in shares of BlackBerry by 55.1% during the 1st quarter. Milestone Asset Management LLC now owns 228,658 shares of the company’s stock worth $862,000 after buying an additional 81,210 shares during the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of BlackBerry by 7.6% during the 1st quarter. SG Americas Securities LLC now owns 108,672 shares of the company’s stock worth $410,000 after buying an additional 7,684 shares during the last quarter. 54.48% of the stock is currently owned by institutional investors and hedge funds.

BlackBerry Company Profile

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.