BlackBerry Limited (NYSE:BB – Get Free Report) insider John Christopher Wall sold 3,474 shares of the stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $9.18, for a total value of $31,891.32. Following the completion of the transaction, the insider directly owned 13,924 shares in the company, valued at approximately $127,822.32. This trade represents a 19.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
BlackBerry Trading Down 8.4%
Shares of NYSE BB opened at $8.78 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. The business has a fifty day simple moving average of $8.37 and a two-hundred day simple moving average of $7.72. The firm has a market cap of $5.15 billion, a PE ratio of 73.12 and a beta of 2.20. BlackBerry Limited has a twelve month low of $3.12 and a twelve month high of $13.59.
BlackBerry (NYSE:BB – Get Free Report) last issued its earnings results on Thursday, September 24th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.03. BlackBerry had a return on equity of 13.71% and a net margin of 13.09%.The business had revenue of $166.56 million during the quarter, compared to analysts’ expectations of $144.22 million. During the same period in the prior year, the business earned $0.04 EPS. The business’s revenue for the quarter 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. Analysts expect that BlackBerry Limited will post 0.17 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
View Our Latest Stock Analysis on BB
Institutional Investors Weigh In On BlackBerry
A number of hedge funds have recently made changes to their positions in the stock. General American Investors Co. Inc. purchased a new stake in shares of BlackBerry during the fourth quarter valued at about $3,892,000. Renaissance Technologies LLC grew its position 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 worth $11,488,000 after buying an additional 2,063,153 shares during the last quarter. Nwam LLC purchased a new position in shares of BlackBerry in the 2nd quarter worth approximately $7,070,000. Canada Pension Plan Investment Board purchased a new position in shares of BlackBerry in the 2nd quarter worth approximately $20,798,000. Finally, Havemeyer Place LP bought a new position in shares of BlackBerry during the 4th quarter worth approximately $1,349,000. 54.48% of the stock is currently owned by hedge funds and other institutional investors.
BlackBerry Company Profile
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.
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