BlackBerry (NYSE:BB) SVP Jennifer Armstrong-Owen Sells 2,888 Shares

Key Points

• Jennifer Armstrong-Owen sold 2,888 shares on April 2 and 29,908 shares on April 4 at an average price of $3.56, totaling about $116,754 in sales; after the April 2 filing she directly owned 98,161 shares and that sale was reported as a 2.86% ownership decrease.
• BlackBerry trades around $3.49 with a $2.05 billion market cap (12‑month range $2.81–$5.32), analysts' consensus is a "Hold" with an average target of $4.92, and institutional investors own roughly 54.5% of the stock.

BlackBerry Limited (NYSE:BB - Get Free Report) SVP Jennifer Armstrong-Owen sold 2,888 shares of BlackBerry stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $3.56, for a total transaction of $10,281.28. Following the completion of the transaction, the senior vice president directly owned 98,161 shares in the company, valued at $349,453.16. This trade represents a 2.86% 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 link.

Jennifer Armstrong-Owen also recently made the following trade(s):

• On Saturday, April 4th, Jennifer Armstrong-Owen sold 29,908 shares of BlackBerry stock. The shares were sold at an average price of $3.56, for a total transaction of $106,472.48.

BlackBerry Price Performance

NYSE:BB traded down $0.07 during mid-day trading on Tuesday, reaching $3.49. The stock had a trading volume of 9,706,857 shares, compared to its average volume of 7,478,344. The stock has a 50-day simple moving average of $3.42 and a two-hundred day simple moving average of $3.99. The stock has a market capitalization of $2.05 billion, a PE ratio of 116.21 and a beta of 1.70. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.14 and a quick ratio of 2.14. BlackBerry Limited has a 12 month low of $2.81 and a 12 month high of $5.32.

Hedge Funds Weigh In On BlackBerry

A number of hedge funds have recently bought and sold shares of the company. First Trust Advisors LP raised its stake in BlackBerry by 34.4% during the fourth quarter. First Trust Advisors LP now owns 24,991,652 shares of the company's stock worth $94,718,000 after buying an additional 6,399,502 shares during the last quarter. Vanguard Group Inc. raised its stake in BlackBerry by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 23,935,970 shares of the company's stock worth $90,334,000 after buying an additional 142,924 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in BlackBerry by 1.3% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,799,334 shares of the company's stock worth $77,116,000 after buying an additional 209,448 shares during the last quarter. Hood River Capital Management LLC bought a new position in BlackBerry during the second quarter worth $52,441,000. Finally, Bank of America Corp DE raised its stake in BlackBerry by 21.3% during the third quarter. Bank of America Corp DE now owns 5,584,564 shares of the company's stock worth $27,253,000 after buying an additional 980,359 shares during the last quarter. Institutional investors own 54.48% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of BlackBerry from a "buy" rating to a "hold" rating in a research note on Saturday, February 14th. Canaccord Genuity Group reaffirmed a "hold" rating and set a $4.60 price target on shares of BlackBerry in a research note on Friday, December 19th. TD Securities raised shares of BlackBerry to a "hold" rating in a research note on Monday, December 22nd. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of BlackBerry in a research note on Wednesday, March 25th. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $4.50 price target on shares of BlackBerry in a research note on Friday, December 19th. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $4.92.

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.

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