BlackBerry (NYSE:BB) SVP Sells 3,379 Shares of Company Stock

BlackBerry Limited (NYSE:BB – Get Free Report) SVP Jennifer Armstrong-Owen sold 3,379 shares of the firm’s stock in a transaction dated Friday, October 9th. The stock was sold at an average price of $8.36, for a total transaction of $28,248.44. Following the sale, the senior vice president owned 113,904 shares of the company’s stock, valued at approximately $952,237.44. The trade was a 2.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Jennifer Armstrong-Owen also recently made the following trade(s):

  • On Friday, October 2nd, Jennifer Armstrong-Owen sold 2,590 shares of BlackBerry stock. The stock was sold at an average price of $9.20, for a total transaction of $23,828.00.

BlackBerry Trading Up 0.3%

BB stock traded up $0.03 during trading on Tuesday, reaching $8.48. 9,439,050 shares of the stock were exchanged, compared to its average volume of 18,444,422. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $4.98 billion, a price-to-earnings ratio of 70.63 and a beta of 2.20. The business has a 50 day moving average price of $8.38 and a 200-day moving average price of $7.84. BlackBerry Limited has a 1 year low of $3.12 and a 1 year high of $13.59.

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

Institutional Investors Weigh In On BlackBerry

Institutional investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company raised its stake in shares of BlackBerry by 8.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 529,295 shares of the company’s stock valued at $6,673,000 after acquiring an additional 40,350 shares during the period. Integrated Wealth Concepts LLC acquired a new position in shares of BlackBerry in the 2nd quarter worth approximately $31,000. Nykredit A S purchased a new position in shares of BlackBerry during the 2nd quarter worth approximately $111,000. Amundi purchased a new position in shares of BlackBerry during the 2nd quarter worth approximately $1,086,000. Finally, TD Waterhouse Canada Inc. boosted its position in shares of BlackBerry by 127.3% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 105,040 shares of the company’s stock worth $1,348,000 after purchasing an additional 58,818 shares during the period. 54.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on BB. Stifel Nicolaus began coverage on BlackBerry in a report on Wednesday, June 24th. They issued a “buy” rating and a $12.00 price objective on the stock. Zacks Research lowered BlackBerry from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 25th. Canaccord Genuity Group cut their target price on BlackBerry from $10.30 to $9.50 and set a “hold” rating for the company in a research note on Friday, September 25th. Wall Street Zen raised BlackBerry from a “hold” rating to a “buy” rating in a research note on Saturday, August 29th. Finally, TD lifted their target price on BlackBerry from $5.00 to $8.00 and gave the company a “hold” rating 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 stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $9.86.

View Our Latest Stock Report on BB

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.

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Insider Buying and Selling by Quarter for BlackBerry (NYSE:BB)

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