Primecap Management Co. CA Purchases Shares of 2,874,476 BlackBerry Limited $BB

Primecap Management Co. CA purchased a new stake in BlackBerry Limited (NYSE:BB) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 2,874,476 shares of the company’s stock, valued at approximately $36,362,000.

Other institutional investors and hedge funds have also modified their holdings of the company. General American Investors Co. Inc. bought a new stake in shares of BlackBerry during the 4th quarter worth $3,892,000. Renaissance Technologies LLC raised its holdings in 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 acquiring an additional 2,063,153 shares during the period. Havemeyer Place LP bought a new position in BlackBerry in the 4th quarter worth $1,349,000. Deepwater Asset Management LLC bought a new position in BlackBerry in the 2nd quarter worth $9,240,000. Finally, Legal & General Group Plc acquired a new position in BlackBerry during the 2nd quarter worth $480,710,000. 54.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at BlackBerry

In related news, insider Philip S. Kurtz sold 6,414 shares of the stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $11.07, for a total value of $71,002.98. Following the completion of the sale, the insider owned 125,158 shares in the company, valued at approximately $1,385,499.06. This trade represents a 4.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Tim Foote sold 25,878 shares of BlackBerry stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $12.39, for a total value of $320,628.42. Following the sale, the chief financial officer directly owned 58,372 shares in the company, valued at approximately $723,229.08. This trade represents a 30.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 355,858 shares of company stock worth $4,012,270 over the last ninety days. Corporate insiders own 0.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on BB. Canaccord Genuity Group upped their price target on shares of BlackBerry from $8.20 to $10.30 and gave the company a “hold” rating in a report on Friday, June 26th. Zacks Research upgraded BlackBerry from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 14th. Royal Bank Of Canada boosted their price objective on BlackBerry from $4.50 to $9.00 and gave the stock a “sector perform” rating in a research report on Friday, June 26th. Weiss Ratings upgraded BlackBerry from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, July 28th. Finally, TD raised their target price on BlackBerry from $5.00 to $8.00 and gave the company a “hold” rating in a report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $8.92.

BlackBerry Price Performance

NYSE:BB opened at $7.80 on Thursday. The stock has a market cap of $4.58 billion, a P/E ratio of 86.68 and a beta of 2.25. BlackBerry Limited has a one year low of $3.12 and a one year high of $13.59. The company has a fifty day moving average price of $9.42 and a 200 day moving average price of $6.70. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.20 and a quick ratio of 2.20.

BlackBerry (NYSE:BB) last issued 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. The firm had revenue of $152.90 million during the quarter, compared to the consensus estimate of $136.10 million. BlackBerry had a net margin of 10.31% and a return on equity of 11.66%. The business’s revenue was up 25.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.02 EPS. BlackBerry has set its FY 2027 guidance at 0.160-0.200 EPS and its Q2 2027 guidance at 0.030-0.040 EPS. Analysts anticipate that BlackBerry Limited will post 0.13 earnings per share for the current year.

About BlackBerry

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.