BlackBerry (NYSE:BB) CFO Tim Foote Sells 8,235 Shares

BlackBerry Limited (NYSE:BB) CFO Tim Foote sold 8,235 shares of the stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $10.92, for a total transaction of $89,926.20. Following the sale, the chief financial officer owned 73,535 shares of the company’s stock, valued at $803,002.20. This trade represents a 10.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Tim Foote also recently made the following trade(s):

• On Thursday, July 2nd, Tim Foote sold 25,878 shares of BlackBerry stock. The shares were sold at an average price of $12.39, for a total value of $320,628.42.

BlackBerry Stock Performance

BB traded down $0.46 on Friday, hitting $10.97. 17,626,175 shares of the company traded hands, compared to its average volume of 31,549,920. The company has a 50 day moving average of $8.81 and a 200-day moving average of $5.53. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $6.43 billion, a PE ratio of 121.96 and a beta of 2.20. BlackBerry Limited has a 12-month low of $3.12 and a 12-month high of $13.59.

BlackBerry (NYSE:BB) last released its earnings results on Thursday, June 25th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. The business had revenue of $152.90 million for the quarter, compared to analyst estimates of $136.10 million. BlackBerry had a return on equity of 11.66% and a net margin of 10.31%.The company’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.02 earnings per share. BlackBerry has set its FY 2027 guidance at 0.160-0.200 EPS and its Q2 2027 guidance at 0.030-0.040 EPS. Sell-side analysts anticipate that BlackBerry Limited will post 0.13 earnings per share for the current year.

Hedge Funds Weigh In On BlackBerry

A number of large investors have recently made changes to their positions in BB. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of BlackBerry by 1,390.6% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,589,886 shares of the company’s stock valued at $71,397,000 after purchasing an additional 14,544,005 shares during the period. First Trust Advisors LP grew its position in BlackBerry by 34.4% during the fourth quarter. First Trust Advisors LP now owns 24,991,652 shares of the company’s stock worth $94,718,000 after buying an additional 6,399,502 shares during the period. Bank of America Corp DE grew its position in BlackBerry by 183.6% during the second quarter. Bank of America Corp DE now owns 4,604,205 shares of the company’s stock worth $21,087,000 after buying an additional 2,980,732 shares during the period. Dimensional Fund Advisors LP increased its holdings in BlackBerry by 368.6% in the third quarter. Dimensional Fund Advisors LP now owns 3,078,600 shares of the company’s stock valued at $15,027,000 after buying an additional 2,421,578 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in BlackBerry by 139.2% in the first quarter. Renaissance Technologies LLC now owns 3,545,543 shares of the company’s stock valued at $11,488,000 after buying an additional 2,063,153 shares in the last quarter. Hedge funds and other institutional investors own 54.48% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BB. TD boosted their price target on shares of BlackBerry from $5.00 to $8.00 and gave the stock a “hold” rating in a research note on Friday, June 26th. Weiss Ratings downgraded shares of BlackBerry from a “hold (c)” rating to a “sell (d+)” rating in a research report on Tuesday. Wall Street Zen raised BlackBerry from a “hold” rating to a “buy” rating in a report on Monday, June 8th. Canadian Imperial Bank of Commerce boosted their target price on BlackBerry from $10.00 to $13.00 and gave the stock an “outperformer” rating in a research report on Friday, June 26th. Finally, Raymond James Financial increased their target price on BlackBerry from $4.75 to $9.50 and gave the stock a “market perform” rating in a research note on Friday, June 26th. Two equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $8.92.

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.