Key Points
- BlackBerry CFO Tim Foote sold 16,672 shares at an average price of $9.14, generating $152,382 and reducing his ownership by 22.67% to 56,863 shares.
- BlackBerry reported quarterly EPS of $0.07, beating the $0.04 consensus estimate, while revenue rose 26% year over year to $166.56 million.
- Analysts maintain a generally cautious view, with an average “Hold” rating and a $9.86 price target; institutional investors own 54.48% of the company.
BlackBerry Limited (NYSE:BB - Get Free Report) CFO Tim Foote sold 16,672 shares of the firm's stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $9.14, for a total value of $152,382.08. Following the transaction, the chief financial officer owned 56,863 shares of the company's stock, valued at $519,727.82. This trade represents a 22.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Tim Foote also recently made the following trade(s):
- On Thursday, July 9th, Tim Foote sold 8,235 shares of BlackBerry stock. The shares were sold at an average price of $10.92, for a total value of $89,926.20.
BlackBerry Stock Performance
Shares of BB stock opened at $9.29 on Friday. The stock has a market capitalization of $5.45 billion, a PE ratio of 77.38 and a beta of 2.20. The business's 50 day simple moving average is $8.31 and its 200 day simple moving average is $7.57. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.38 and a quick ratio of 2.38. BlackBerry Limited has a one year low of $3.12 and a one year high of $13.59.
BlackBerry (NYSE:BB - Get Free Report) last released its quarterly earnings results on Thursday, September 24th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.03. The firm had revenue of $166.56 million during the quarter, compared to analyst estimates of $144.22 million. BlackBerry had a net margin of 13.09% and a return on equity of 13.71%. The company's revenue was up 26.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.04 EPS. BlackBerry has set its FY 2027 guidance at 0.190-0.220 EPS and its Q3 2027 guidance at 0.040-0.050 EPS. As a group, research analysts forecast that BlackBerry Limited will post 0.17 earnings per share for the current year.
Institutional Trading of BlackBerry
Several hedge funds have recently modified their holdings of BB. The Manufacturers Life Insurance Company lifted its position in shares of BlackBerry by 8.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 529,295 shares of the company's stock valued at $6,673,000 after acquiring an additional 40,350 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in BlackBerry in the second quarter worth $31,000. Nykredit A S acquired a new stake in BlackBerry in the second quarter worth $111,000. Amundi bought a new stake in BlackBerry in the second quarter valued at $1,086,000. Finally, TD Waterhouse Canada Inc. increased its stake in BlackBerry by 127.3% in the second quarter. TD Waterhouse Canada Inc. now owns 105,040 shares of the company's stock valued at $1,348,000 after purchasing an additional 58,818 shares in the last quarter. Institutional investors own 54.48% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on the stock. TD lifted their target price 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. Wall Street Zen raised shares of BlackBerry from a "hold" rating to a "buy" rating in a research report on Saturday, August 29th. Royal Bank Of Canada reiterated a "sector perform" rating and set a $9.00 price target on shares of BlackBerry in a report on Monday, September 21st. Stifel Nicolaus started coverage on BlackBerry in a research report on Wednesday, June 24th. They issued a "buy" rating and a $12.00 price objective for the company. Finally, Raymond James Financial boosted their price objective on BlackBerry from $4.75 to $9.50 and gave the company a "market perform" rating in a research note on Friday, June 26th. Two analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, BlackBerry has an average rating of "Hold" and an average price target of $9.86.
Read Our Latest Stock Analysis on BB
BlackBerry Company Profile
(
Get Free Report)
BlackBerry Limited is a Canadian technology company that provides cybersecurity and Internet of Things (IoT) software. Its cybersecurity offerings support endpoint protection, threat detection and response, secure communications, identity management, and unified endpoint management for businesses and government organizations.
Through its QNX business, BlackBerry supplies secure, safety-certified real-time operating systems and embedded software for automotive systems and other connected devices.
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