BlackBerry (NYSE:BB) Insider Philip Kurtz Sells 6,414 Shares of Stock

BlackBerry Limited (NYSE:BB) insider Philip Kurtz sold 6,414 shares of the business’s stock in a transaction that occurred on Thursday, July 9th. The shares were sold at an average price of $11.07, for a total transaction of $71,002.98. Following the completion of the sale, the insider owned 125,158 shares of the company’s stock, valued at approximately $1,385,499.06. The trade was a 4.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

BlackBerry Trading Down 4.0%

BB stock traded down $0.46 on Friday, hitting $10.97. 17,606,601 shares of the company were exchanged, compared to its average volume of 20,262,213. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.20 and a quick ratio of 2.20. The stock has a market capitalization of $6.43 billion, a price-to-earnings ratio of 121.96 and a beta of 2.20. BlackBerry Limited has a twelve month low of $3.12 and a twelve month high of $13.59. The business’s fifty day moving average is $8.70 and its two-hundred day moving average is $5.50.

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

Institutional Investors Weigh In On BlackBerry

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. V2 Financial group LLC lifted its holdings in BlackBerry by 6.8% in the 1st quarter. V2 Financial group LLC now owns 32,100 shares of the company’s stock worth $104,000 after buying an additional 2,050 shares in the last quarter. CoreCap Advisors LLC acquired a new stake in shares of BlackBerry during the second quarter valued at about $31,000. Elevation Wealth Partners LLC purchased a new stake in shares of BlackBerry during the second quarter worth about $32,000. Raymond James Financial Inc. increased its position in shares of BlackBerry by 2.1% during the third quarter. Raymond James Financial Inc. now owns 128,998 shares of the company’s stock worth $630,000 after acquiring an additional 2,689 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of BlackBerry by 2.4% in the fourth quarter. Invesco Ltd. now owns 128,487 shares of the company’s stock worth $487,000 after acquiring an additional 2,975 shares in the last quarter. Hedge funds and other institutional investors own 54.48% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Royal Bank Of Canada upped their price target on BlackBerry from $4.50 to $9.00 and gave the stock a “sector perform” rating in a research note on Friday, June 26th. Weiss Ratings cut BlackBerry from a “hold (c)” rating to a “sell (d+)” rating in a report on Tuesday. Wall Street Zen upgraded shares of BlackBerry from a “hold” rating to a “buy” rating in a report on Monday, June 8th. TD raised their price target on shares of BlackBerry from $5.00 to $8.00 and gave the company a “hold” rating in a report on Friday, June 26th. Finally, Raymond James Financial lifted their price target on shares of BlackBerry from $4.75 to $9.50 and gave the company a “market perform” rating in a research report on Friday, June 26th. Two research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target 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.