Key Points
- Insider sales: SVP Jennifer Armstrong-Owen sold 2,888 shares on April 2 at $3.56 for $10,281.28 and another 29,908 shares on April 4 at $3.56 for $106,472.48; after the April 2 sale she held 98,161 shares (a 2.86% reduction).
- Market and analyst view: BlackBerry trades near $3.49 (12‑month range $2.81–$5.32) with a market cap of about $2.05B, and analysts’ consensus is a Hold with a $4.92 average target.
BlackBerry Limited (NYSE:BB - Get Free Report) SVP Jennifer Armstrong-Owen sold 2,888 shares of the stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $3.56, for a total value of $10,281.28. Following the sale, the senior vice president owned 98,161 shares of the company's stock, valued at approximately $349,453.16. This represents a 2.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Jennifer Armstrong-Owen also recently made the following trade(s):
- On Saturday, April 4th, Jennifer Armstrong-Owen sold 29,908 shares of BlackBerry stock. The shares were sold at an average price of $3.56, for a total value of $106,472.48.
BlackBerry Stock Performance
Shares of BB opened at $3.49 on Wednesday. BlackBerry Limited has a 12 month low of $2.81 and a 12 month high of $5.32. The stock has a fifty day moving average price of $3.41 and a 200-day moving average price of $3.99. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.26. The firm has a market cap of $2.05 billion, a PE ratio of 116.21 and a beta of 1.70.
Analysts Set New Price Targets
Several research firms have recently issued reports on BB. TD Securities upgraded shares of BlackBerry to a "hold" rating in a report on Monday, December 22nd. Weiss Ratings restated a "sell (d+)" rating on shares of BlackBerry in a report on Wednesday, March 25th. Royal Bank Of Canada restated a "sector perform" rating and set a $4.50 price objective on shares of BlackBerry in a report on Friday, December 19th. Canaccord Genuity Group restated a "hold" rating and set a $4.60 price objective on shares of BlackBerry in a report on Friday, December 19th. Finally, Wall Street Zen downgraded shares of BlackBerry from a "buy" rating to a "hold" rating in a report on Saturday, February 14th. One analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $4.92.
View Our Latest Research Report on BlackBerry
Institutional Investors Weigh In On BlackBerry
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Delos Wealth Advisors LLC acquired a new stake in BlackBerry during the 3rd quarter worth about $34,000. CI Investments Inc. grew its position in BlackBerry by 48.4% during the 3rd quarter. CI Investments Inc. now owns 8,414 shares of the company's stock worth $41,000 after purchasing an additional 2,745 shares during the period. NewEdge Advisors LLC grew its stake in shares of BlackBerry by 2,349.1% during the 3rd quarter. NewEdge Advisors LLC now owns 11,682 shares of the company's stock worth $57,000 after purchasing an additional 11,205 shares during the period. Portfolio Resources Advisor Group Inc. acquired a new stake in shares of BlackBerry during the 4th quarter worth approximately $46,000. Finally, DGS Capital Management LLC acquired a new stake in shares of BlackBerry during the 4th quarter worth approximately $52,000. 54.48% of the stock is owned by institutional investors and hedge funds.
BlackBerry Company Profile
(
Get Free Report)
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.
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