Jennifer Armstrong-Owen Sells 2,630 Shares of BlackBerry (NYSE:BB) Stock

BlackBerry Limited (NYSE:BB) SVP Jennifer Armstrong-Owen sold 2,630 shares of the company’s stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $4.62, for a total value of $12,150.60. Following the completion of the transaction, the senior vice president directly owned 49,554 shares of the company’s stock, valued at $228,939.48. This trade represents a 5.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

BlackBerry Stock Performance

Shares of BB opened at $4.65 on Wednesday. The stock has a 50 day moving average price of $4.00 and a 200 day moving average price of $3.90. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $2.74 billion, a price-to-earnings ratio of -464.50 and a beta of 1.51. BlackBerry Limited has a 52-week low of $2.24 and a 52-week high of $6.24.

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

Institutional Investors Weigh In On BlackBerry

Large investors have recently modified their holdings of the stock. Parallel Advisors LLC raised its stake in shares of BlackBerry by 216.2% during the first quarter. Parallel Advisors LLC now owns 7,156 shares of the company’s stock worth $27,000 after purchasing an additional 4,893 shares during the last quarter. Chicago Partners Investment Group LLC purchased a new stake in shares of BlackBerry during the first quarter worth approximately $37,000. OneDigital Investment Advisors LLC purchased a new stake in shares of BlackBerry during the first quarter worth approximately $40,000. LeConte Wealth Management LLC purchased a new stake in shares of BlackBerry during the second quarter worth approximately $61,000. Finally, Benjamin Edwards Inc. raised its stake in shares of BlackBerry by 31.5% during the second quarter. Benjamin Edwards Inc. now owns 14,600 shares of the company’s stock worth $67,000 after purchasing an additional 3,500 shares during the last quarter. Hedge funds and other institutional investors own 54.48% of the company’s stock.

Analyst Upgrades and Downgrades

BB has been the subject of a number of research analyst reports. Wall Street Zen raised BlackBerry from a “hold” rating to a “buy” rating in a report on Friday, September 26th. CIBC reiterated an “outperform” rating on shares of BlackBerry in a research note on Tuesday, June 24th. Robert W. Baird boosted their price objective on BlackBerry from $5.00 to $5.50 and gave the company a “neutral” rating in a research note on Friday, September 26th. Canaccord Genuity Group reiterated a “hold” rating and issued a $4.60 price objective on shares of BlackBerry in a research note on Friday, September 26th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of BlackBerry in a research note on Saturday, September 27th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $5.10.

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.