BlackBerry Limited (NYSE:BB – Get Free Report) shares saw strong trading volume on Wednesday . 23,484,863 shares changed hands during mid-day trading, an increase of 90% from the previous session’s volume of 12,363,940 shares.The stock last traded at $6.2450 and had previously closed at $6.21.
Analysts Set New Price Targets
A number of analysts recently issued reports on the company. Weiss Ratings raised BlackBerry from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday. Canaccord Genuity Group lowered their price target on BlackBerry from $4.60 to $4.40 and set a “hold” rating on the stock in a research report on Friday, April 10th. Wall Street Zen downgraded BlackBerry from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a $4.50 price target on shares of BlackBerry in a research report on Friday, April 10th. One research analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, BlackBerry currently has an average rating of “Hold” and a consensus price target of $4.88.
Check Out Our Latest Stock Report on BlackBerry
BlackBerry Trading Up 18.1%
BlackBerry (NYSE:BB – Get Free Report) last posted its earnings results on Thursday, April 9th. The company reported $0.06 EPS for the quarter, beating the consensus estimate 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 business earned $0.03 earnings per share. The firm’s revenue for the quarter 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. Equities analysts forecast that BlackBerry Limited will post 0.13 EPS for the current fiscal year.
Insider Activity at BlackBerry
In other news, SVP Jennifer Armstrong-Owen sold 29,908 shares of the company’s stock in a transaction that occurred on Saturday, April 4th. The stock was sold at an average price of $3.56, for a total value of $106,472.48. Following the transaction, the senior vice president owned 94,903 shares of the company’s stock, valued at approximately $337,854.68. This represents a 23.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO John Joseph Giamatteo sold 27,066 shares of the company’s stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $3.56, for a total value of $96,354.96. Following the completion of the transaction, the chief executive officer directly owned 899,146 shares in the company, valued at $3,200,959.76. The trade was a 2.92% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 73,171 shares of company stock worth $260,489 in the last ninety days. 0.51% of the stock is owned by company insiders.
Hedge Funds Weigh In On BlackBerry
Several institutional investors and hedge funds have recently made changes to their positions in BB. Delos Wealth Advisors LLC acquired a new position in shares of BlackBerry in the third quarter valued at approximately $34,000. Wealthfront Advisers LLC bought a new stake in shares of BlackBerry in the first quarter valued at approximately $34,000. Bank of New York Mellon Corp bought a new stake in shares of BlackBerry in the first quarter valued at approximately $37,000. CI Investments Inc. boosted its stake in shares of BlackBerry by 48.4% in the third quarter. CI Investments Inc. now owns 8,414 shares of the company’s stock valued at $41,000 after buying an additional 2,745 shares during the period. Finally, Portfolio Resources Advisor Group Inc. bought a new stake in shares of BlackBerry in the fourth quarter valued at approximately $46,000. Institutional investors and hedge funds 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.
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