BlackBerry (NYSE:BB) Insider Sells $20,030.45 in Stock

Key Points

• Insider Selling: BlackBerry insider Philip Kurtz sold 4,345 shares at an average price of $4.61 for a total of $20,030.45, reducing his stake by 4.22% to 98,498 shares.
• Stock Performance: BlackBerry's stock rose 6.7% to $4.80, with trading volume around 12.6 million shares, reflecting positive market activity despite a P/E ratio of -480.00.
• Earnings Report: The company reported $0.04 EPS for the last quarter, exceeding expectations by $0.03, though revenue decreased by 10.6% compared to the previous year.

BlackBerry Limited (NYSE:BB - Get Free Report) insider Philip Kurtz sold 4,345 shares of the business's stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $4.61, for a total value of $20,030.45. Following the sale, the insider owned 98,498 shares in the company, valued at approximately $454,075.78. The trade was a 4.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

BlackBerry Stock Up 6.7%

Shares of NYSE BB traded up $0.30 during trading hours on Monday, hitting $4.80. The stock had a trading volume of 12,605,259 shares, compared to its average volume of 16,372,360. The company has a market capitalization of $2.83 billion, a P/E ratio of -480.00 and a beta of 1.51. The firm's 50-day moving average price is $3.96 and its two-hundred day moving average price is $3.89. BlackBerry Limited has a 52 week low of $2.24 and a 52 week high of $6.24. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.20 and a current ratio of 2.20.

BlackBerry (NYSE:BB - Get Free Report) last announced its earnings results on Thursday, September 25th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.01 by $0.03. The firm had revenue of $130.96 million during the quarter, compared to analysts' expectations of $122.03 million. BlackBerry had a positive return on equity of 6.07% and a negative net margin of 0.60%.The business's revenue was down 10.6% compared to the same quarter last year. BlackBerry has set its Q3 2026 guidance at 0.020-0.040 EPS. FY 2026 guidance at 0.110-0.15 EPS. Analysts anticipate that BlackBerry Limited will post -0.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Robert W. Baird increased their price objective on BlackBerry from $5.00 to $5.50 and gave the stock a "neutral" rating in a research note on Friday, September 26th. TD Securities cut BlackBerry from a "buy" rating to a "hold" rating and raised their price target for the company from $4.00 to $5.00 in a report on Friday. Wall Street Zen raised BlackBerry from a "hold" rating to a "buy" rating in a research note on Friday, September 26th. Royal Bank Of Canada upped their target price on shares of BlackBerry from $4.00 to $4.50 and gave the company a "sector perform" rating in a research note on Friday, September 26th. Finally, CIBC reiterated an "outperform" rating on shares of BlackBerry in a report on Tuesday, June 24th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $5.10.

Institutional Trading of BlackBerry

Hedge funds have recently added to or reduced their stakes in the stock. Benjamin Edwards Inc. grew its holdings in shares of BlackBerry by 31.5% during the second quarter. Benjamin Edwards Inc. now owns 14,600 shares of the company's stock worth $67,000 after purchasing an additional 3,500 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in BlackBerry by 10.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 38,357 shares of the company's stock worth $145,000 after acquiring an additional 3,755 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in BlackBerry by 16.7% in the first quarter. Hsbc Holdings PLC now owns 31,641 shares of the company's stock worth $119,000 after acquiring an additional 4,525 shares in the last quarter. Parallel Advisors LLC boosted its holdings in BlackBerry by 216.2% in the first quarter. Parallel Advisors LLC now owns 7,156 shares of the company's stock worth $27,000 after acquiring an additional 4,893 shares in the last quarter. Finally, SBI Securities Co. Ltd. raised its stake in shares of BlackBerry by 19.5% in the first quarter. SBI Securities Co. Ltd. now owns 30,538 shares of the company's stock worth $115,000 after purchasing an additional 4,976 shares during the last quarter. Institutional investors and hedge funds own 54.48% of the company's stock.

About BlackBerry

BlackBerry Limited provides intelligent security software and services to enterprises and governments worldwide. The company operates through three segments: Cybersecurity, IoT, and Licensing and Other. The company offers CylanceENDPOINT, an integrated endpoint security solution; CylanceGUARD, a managed detection and response solution; CylanceEDGE, an AI-powered continuous authentication zero trust network access solution; CylanceINTELLIGENCE, a contextual cyber threat intelligence service; BlackBerry Dynamics offers a development platform and secure container for mobile applications; BlackBerry Workspaces a secure Enterprise File Sync and Share (EFSS) solution; BlackBerry Messenger (BBM) Enterprise, an enterprise-grade secure instant messaging solution for messaging, voice and video; BlackBerry SecuSUITE is a certified, multi-OS voice and text messaging solution; BlackBerry AtHoc, a secure networked critical event management solution; and BlackBerry unified endpoint management (UEM) solutions.

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