1,648,600 Shares in BlackBerry Limited $BB Purchased by Canada Pension Plan Investment Board

Key Points

• Canada Pension Plan Investment Board acquired 1.65 million BlackBerry shares valued at approximately $20.8 million, representing a 0.28% stake. Institutional investors collectively own 54.48% of the company.
• BlackBerry reported quarterly revenue of $152.9 million, up 25.6% year over year, and earnings of $0.04 per share, exceeding analyst expectations of $0.03.
• Analyst sentiment remains cautious, with two Buy ratings and nine Holds; the stock has an average rating of Hold and an average price target of $8.92. Insiders sold roughly $4.0 million worth of shares over the past quarter.

Canada Pension Plan Investment Board acquired a new stake in BlackBerry Limited (NYSE:BB - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,648,600 shares of the company's stock, valued at approximately $20,798,000. Canada Pension Plan Investment Board owned 0.28% of BlackBerry as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. CoreCap Advisors LLC purchased a new position in shares of BlackBerry in the second quarter worth about $31,000. Elevation Wealth Partners LLC purchased a new stake in shares of BlackBerry during the 2nd quarter valued at approximately $32,000. Wealthfront Advisers LLC purchased a new stake in shares of BlackBerry during the 1st quarter valued at approximately $34,000. Bank of New York Mellon Corp bought a new position in BlackBerry in the 1st quarter worth approximately $37,000. Finally, Portfolio Resources Advisor Group Inc. bought a new position in BlackBerry in the 4th quarter worth approximately $46,000. 54.48% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at BlackBerry

In related news, SVP Jennifer Armstrong-Owen sold 3,296 shares of the company's stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $10.92, for a total value of $35,992.32. Following the completion of the transaction, the senior vice president directly owned 106,091 shares in the company, valued at approximately $1,158,513.72. The trade was a 3.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Philip S. Kurtz sold 6,414 shares of the stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $11.07, for a total value of $71,002.98. Following the completion of the transaction, the insider directly owned 125,158 shares in the company, valued at approximately $1,385,499.06. This represents a 4.87% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 355,858 shares of company stock worth $4,012,270 over the last quarter. 0.51% of the stock is currently owned by corporate insiders.

BlackBerry Stock Down 5.5%

Shares of NYSE BB opened at $8.17 on Friday. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.26. The business has a 50-day moving average of $9.42 and a 200-day moving average of $6.75. The firm has a market capitalization of $4.80 billion, a price-to-earnings ratio of 90.79 and a beta of 2.25. 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 announced its 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 business had revenue of $152.90 million for the quarter, compared to the consensus estimate of $136.10 million. During the same period last year, the firm posted $0.02 earnings per share. BlackBerry's quarterly 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. Sell-side analysts expect that BlackBerry Limited will post 0.13 earnings per share for the current fiscal year.

Analyst Ratings Changes

BB has been the topic of a number of analyst reports. Canaccord Genuity Group boosted their target price on shares of BlackBerry from $8.20 to $10.30 and gave the company a "hold" rating in a report on Friday, June 26th. Royal Bank Of Canada raised their price target on BlackBerry from $4.50 to $9.00 and gave the stock a "sector perform" rating in a report on Friday, June 26th. Wall Street Zen upgraded BlackBerry from a "hold" rating to a "buy" rating in a research report on Saturday. Canadian Imperial Bank of Commerce boosted their price objective on BlackBerry from $10.00 to $13.00 and gave the company an "outperformer" rating in a research note on Friday, June 26th. Finally, Zacks Research cut BlackBerry from a "strong-buy" rating to a "hold" rating in a report on Tuesday. Two analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target 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.

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