BlackBerry (NYSE:BB) CFO Sells 8,235 Shares

Key Points

• BlackBerry CFO Tim Foote sold 8,235 shares on July 9 at an average price of $10.92, worth about $89,926. Following the sale, he still held 73,535 shares.
• The sale follows another recent insider transaction by Foote, who sold 25,878 shares on July 2 for about $320,628, indicating a pattern of reduced insider ownership.
• BlackBerry’s stock was down 4.0% in Friday trading to $10.97, even after the company recently beat quarterly earnings and revenue expectations and posted 25.6% year-over-year revenue growth.

BlackBerry Limited (NYSE:BB - Get Free Report) CFO Tim Foote sold 8,235 shares of the stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $10.92, for a total value of $89,926.20. Following the completion of the sale, the chief financial officer directly owned 73,535 shares of the company's stock, valued at $803,002.20. The trade was a 10.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Tim Foote also recently made the following trade(s):

• On Thursday, July 2nd, Tim Foote sold 25,878 shares of BlackBerry stock. The stock was sold at an average price of $12.39, for a total transaction of $320,628.42.

BlackBerry Stock Down 4.0%

Shares of NYSE BB traded down $0.46 during trading on Friday, hitting $10.97. The stock had a trading volume of 17,606,601 shares, compared to its average volume of 20,262,213. The firm has a fifty day moving average of $8.70 and a two-hundred day moving average of $5.50. The company has a market capitalization of $6.43 billion, a PE ratio of 121.96 and a beta of 2.20. 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 Limited has a 12 month low of $3.12 and a 12 month high of $13.59.

BlackBerry (NYSE:BB - Get Free Report) last released 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 period last year, the firm earned $0.02 earnings per share. The firm's revenue 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, equities research analysts forecast that BlackBerry Limited will post 0.13 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BB. CoreCap Advisors LLC bought a new position in shares of BlackBerry during the 2nd quarter valued at approximately $31,000. Elevation Wealth Partners LLC bought a new stake in shares of BlackBerry in the 2nd quarter worth approximately $32,000. Delos Wealth Advisors LLC purchased a new position in BlackBerry in the third quarter valued at approximately $34,000. Wealthfront Advisers LLC purchased a new position in BlackBerry in the first quarter valued at approximately $34,000. Finally, Bank of New York Mellon Corp bought a new position in BlackBerry during the first quarter valued at $37,000. 54.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on BB shares. Wall Street Zen upgraded BlackBerry from a "hold" rating to a "buy" rating in a research note on Monday, June 8th. TD increased their price target on BlackBerry from $5.00 to $8.00 and gave the company a "hold" rating in a research report on Friday, June 26th. Stifel Nicolaus started coverage on BlackBerry in a report on Wednesday, June 24th. They set a "buy" rating and a $12.00 price target on the stock. Canaccord Genuity Group boosted their price objective on BlackBerry from $8.20 to $10.30 and gave the stock a "hold" rating in a research report on Friday, June 26th. Finally, Weiss Ratings downgraded BlackBerry from a "hold (c)" rating to a "sell (d+)" rating in a research note on Tuesday. Two analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.