Key Points
- BlackBerry CEO John Joseph Giamatteo sold 28,272 shares on July 2 at an average price of $11.22, totaling about $317,212. After the sale, he still directly owned 937,246 shares, a 2.93% reduction in his stake.
- BlackBerry beat quarterly expectations, reporting earnings of $0.04 per share versus the $0.03 estimate and revenue of $152.9 million versus $136.1 million expected. Revenue also rose 25.6% from the same quarter last year.
- Analysts remain cautious overall, with a consensus rating of “Hold” and an average target price of $8.92, even as some firms raised their price targets and one upgraded the stock to outperformer.
BlackBerry Limited (NYSE:BB - Get Free Report) SVP Jennifer Armstrong-Owen sold 2,556 shares of the firm's stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $11.22, for a total value of $28,678.32. Following the completion of the transaction, the senior vice president owned 101,751 shares of the company's stock, valued at approximately $1,141,646.22. This represents a 2.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
BlackBerry Stock Down 4.6%
BB stock opened at $10.85 on Tuesday. The stock has a 50-day simple moving average of $8.34 and a two-hundred day simple moving average of $5.35. BlackBerry Limited has a twelve month low of $3.12 and a twelve month high of $13.59. The firm has a market capitalization of $6.36 billion, a PE ratio of 121.21 and a beta of 2.20. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.26.
BlackBerry (NYSE:BB - Get Free Report) last announced its quarterly earnings results on Thursday, June 25th. The company reported $0.04 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $152.90 million for the quarter, compared to the consensus estimate of $136.10 million. During the same period in the prior year, the firm posted $0.02 earnings per share. The company'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. On average, equities analysts predict that BlackBerry Limited will post 0.13 EPS for the current fiscal year.
Analysts Set New Price Targets
Several brokerages have commented on BB. Raymond James Financial raised their price target on shares of BlackBerry from $4.75 to $9.50 and gave the company a "market perform" rating in a report on Friday, June 26th. TD lifted their price objective on BlackBerry from $5.00 to $8.00 and gave the company a "hold" rating in a research note on Friday, June 26th. Royal Bank Of Canada boosted their target price on BlackBerry from $4.50 to $9.00 and gave the stock a "sector perform" rating in a research report on Friday, June 26th. Canaccord Genuity Group upped their target price on BlackBerry from $8.20 to $10.30 and gave the stock a "hold" rating in a research note on Friday, June 26th. Finally, Weiss Ratings upgraded BlackBerry from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, June 23rd. Two research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $8.92.
Read Our Latest Report on BB
Institutional Trading of BlackBerry
Several institutional investors and hedge funds have recently made changes to their positions in BB. General American Investors Co. Inc. purchased a new position in BlackBerry in the fourth quarter worth $3,892,000. Havemeyer Place LP bought a new stake in BlackBerry during the fourth quarter worth about $1,349,000. First Trust Advisors LP lifted its stake in BlackBerry by 18.1% during the third quarter. First Trust Advisors LP now owns 18,592,150 shares of the company's stock worth $90,730,000 after purchasing an additional 2,844,036 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in shares of BlackBerry by 1,501.9% in the 4th quarter. Hsbc Holdings PLC now owns 1,890,023 shares of the company's stock worth $7,116,000 after purchasing an additional 1,772,039 shares in the last quarter. Finally, TD Asset Management Inc increased its position in shares of BlackBerry by 3.4% during the 4th quarter. TD Asset Management Inc now owns 1,809,320 shares of the company's stock valued at $6,837,000 after purchasing an additional 60,320 shares during the last quarter. Hedge funds and other institutional investors own 54.48% of the company's stock.
About BlackBerry
(
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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