BlackBerry (NYSE:BB) Reaches New 52-Week High - Here's What Happened

Key Points

• New 52-week high: BlackBerry shares traded as high as $6.07 and last at $5.9380 on heavy volume (3,570,844 shares), marking a significant rally above recent moving averages.
• Operational beat: the company reported Q1 EPS of $0.06 vs. $0.04 expected and revenue of $157.96M vs. $144.27M, and set FY2027 guidance of 0.150–0.190 EPS (analysts forecast ~0.13).
• Analyst and insider signals diverge: most analysts rate the stock a Hold with an average price target of $4.88 (below the current price), while insiders sold roughly 73,171 shares (~$260k) over the past three months.

BlackBerry Limited (NYSE:BB - Get Free Report) shares hit a new 52-week high during trading on Monday . The company traded as high as $6.07 and last traded at $5.9380, with a volume of 3570844 shares changing hands. The stock had previously closed at $5.42.

Analysts Set New Price Targets

A number of research analysts have recently commented on BB shares. Wall Street Zen cut BlackBerry from a "buy" rating to a "hold" rating in a research note on Saturday, April 25th. Royal Bank Of Canada restated a "sector perform" rating and issued a $4.50 price objective on shares of BlackBerry in a report on Friday, April 10th. Canaccord Genuity Group decreased their price objective on BlackBerry from $4.60 to $4.40 and set a "hold" rating for the company in a report on Friday, April 10th. Finally, Weiss Ratings downgraded BlackBerry from a "hold (c)" rating to a "hold (c-)" rating in a report on Monday, April 27th. One investment analyst has rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, BlackBerry presently has an average rating of "Hold" and an average price target of $4.88.

BlackBerry Stock Performance

The stock has a market capitalization of $3.34 billion, a price-to-earnings ratio of 73.57 and a beta of 2.10. The stock has a fifty day simple moving average of $3.84 and a two-hundred day simple moving average of $4.00. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.12 and a current ratio of 2.12.

BlackBerry (NYSE:BB - Get Free Report) last released its quarterly earnings data on Thursday, April 9th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.04 by $0.02. The company had revenue of $157.96 million for the quarter, compared to analysts' expectations of $144.27 million. BlackBerry had a net margin of 9.69% and a return on equity of 10.09%. The business's revenue was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.03 EPS. BlackBerry has set its Q1 2027 guidance at 0.020-0.030 EPS and its FY 2027 guidance at 0.150-0.190 EPS. Analysts forecast that BlackBerry Limited will post 0.13 earnings per share for the current fiscal year.

Insider Transactions at BlackBerry

In other news, CEO John Joseph Giamatteo sold 27,066 shares of the stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $3.56, for a total transaction of $96,354.96. Following the transaction, the chief executive officer owned 899,146 shares of the company's stock, valued at $3,200,959.76. This represents a 2.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Jennifer Armstrong-Owen sold 29,908 shares of the stock in a transaction dated Saturday, April 4th. The stock was sold at an average price of $3.56, for a total transaction of $106,472.48. Following the transaction, the senior vice president directly owned 94,903 shares in the company, valued at $337,854.68. This trade represents a 23.96% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 73,171 shares of company stock worth $260,489 in the last three months. Insiders own 0.37% of the company's stock.

Hedge Funds Weigh In On BlackBerry

A number of institutional investors and hedge funds have recently made changes to their positions in BB. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of BlackBerry by 1.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 823,822 shares of the company's stock worth $3,106,000 after purchasing an additional 10,667 shares in the last quarter. Geode Capital Management LLC lifted its position in BlackBerry by 263.2% in the 2nd quarter. Geode Capital Management LLC now owns 1,167,739 shares of the company's stock valued at $5,348,000 after acquiring an additional 846,208 shares in the last quarter. Creative Planning lifted its position in BlackBerry by 87.5% in the 2nd quarter. Creative Planning now owns 53,413 shares of the company's stock valued at $245,000 after acquiring an additional 24,921 shares in the last quarter. Flow Traders U.S. LLC bought a new position in BlackBerry in the 2nd quarter valued at about $86,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in BlackBerry by 1,390.6% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,589,886 shares of the company's stock valued at $71,397,000 after acquiring an additional 14,544,005 shares in the last quarter. Institutional investors own 54.48% of the company's stock.

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.

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