3,320,313 Shares in BlackBerry Limited $BB Acquired by BlackRock Inc.

Key Points

• BlackRock acquired 3.32 million BlackBerry shares in the second quarter, worth approximately $42 million and representing about 0.57% of the company. Institutional investors collectively own 54.48% of BlackBerry.
• BlackBerry reported stronger-than-expected quarterly results, with earnings of $0.04 per share and revenue of $152.9 million, up 25.6% year over year. The company issued FY 2027 EPS guidance of $0.16 to $0.20.
• Analyst sentiment remains mixed: two analysts rate the stock Buy, eight Hold, and one Sell, producing an average rating of Hold and an average price target of $8.92. Meanwhile, insiders sold roughly 355,858 shares worth $4 million over the past three months.

BlackRock Inc. acquired a new stake in BlackBerry Limited (NYSE:BB - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,320,313 shares of the company's stock, valued at approximately $42,002,000. BlackRock Inc. owned about 0.57% of BlackBerry at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. General American Investors Co. Inc. bought a new stake in BlackBerry in the fourth quarter valued at about $3,892,000. Renaissance Technologies LLC lifted its stake in BlackBerry by 139.2% in the first quarter. Renaissance Technologies LLC now owns 3,545,543 shares of the company's stock valued at $11,488,000 after buying an additional 2,063,153 shares during the last quarter. Havemeyer Place LP bought a new stake in BlackBerry in the 4th quarter valued at about $1,349,000. Hsbc Holdings PLC boosted its position in shares of BlackBerry by 1,501.9% during the fourth quarter. Hsbc Holdings PLC now owns 1,890,023 shares of the company's stock worth $7,116,000 after buying an additional 1,772,039 shares during the period. Finally, TD Asset Management Inc boosted its position in BlackBerry by 3.4% during the 4th quarter. TD Asset Management Inc now owns 1,809,320 shares of the company's stock worth $6,837,000 after acquiring an additional 60,320 shares during the period. Institutional investors and hedge funds own 54.48% of the company's stock.

BlackBerry Price Performance

Shares of BB stock opened at $8.16 on Tuesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.20 and a quick ratio of 2.20. The firm has a market cap of $4.79 billion, a price-to-earnings ratio of 90.68 and a beta of 2.26. BlackBerry Limited has a one year low of $3.12 and a one year high of $13.59. The stock's fifty day simple moving average is $9.41 and its 200 day simple moving average is $6.80.

BlackBerry (NYSE:BB - Get Free Report) last posted its quarterly earnings data on Thursday, June 25th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $136.10 million. During the same quarter last year, the business posted $0.02 earnings per share. The company'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. On average, analysts expect that BlackBerry Limited will post 0.13 earnings per share for the current fiscal year.

Insider Transactions at BlackBerry

In other news, insider Philip S. Kurtz sold 6,414 shares of the company's stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $11.07, for a total value of $71,002.98. Following the completion of the sale, the insider directly owned 125,158 shares of the company's stock, valued at $1,385,499.06. This represents a 4.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 transaction of $35,992.32. Following the completion of the sale, the senior vice president owned 106,091 shares of the company's stock, valued at approximately $1,158,513.72. This represents a 3.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 355,858 shares of company stock valued at $4,012,270 in the last three months. Company insiders own 0.51% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on BB. Royal Bank Of Canada increased their price objective on shares of BlackBerry from $4.50 to $9.00 and gave the company a "sector perform" rating in a report on Friday, June 26th. TD lifted their target price on shares of BlackBerry from $5.00 to $8.00 and gave the stock a "hold" rating in a research report on Friday, June 26th. Canadian Imperial Bank of Commerce upped their price target on BlackBerry from $10.00 to $13.00 and gave the company an "outperformer" rating in a research report on Friday, June 26th. TD Securities reaffirmed a "hold" rating and set a $8.00 price target on shares of BlackBerry in a research note on Friday, June 26th. Finally, Wall Street Zen upgraded BlackBerry from a "hold" rating to a "buy" rating in a report on Saturday. Two equities research 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's stock. Based on data from MarketBeat, BlackBerry has an average rating of "Hold" and an average target price of $8.92.

BlackBerry 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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