BlackBerry Limited $BB Shares Purchased by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. increased its stake in BlackBerry Limited by 1.0%, now holding approximately 3.87% of the company, worth about $86.9 million.
• Insider selling occurred recently, with CEO John Joseph Giamatteo and another insider selling shares, marking decreases in their respective holdings.
• BlackBerry reported a positive earnings per share of $0.02 for the last quarter, surpassing analysts' expectations, despite a year-over-year revenue decline of 15.5%.

Vanguard Group Inc. grew its holdings in BlackBerry Limited (NYSE:BB - Free Report) by 1.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,084,515 shares of the company's stock after buying an additional 218,684 shares during the quarter. Vanguard Group Inc. owned 3.87% of BlackBerry worth $86,936,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Geode Capital Management LLC increased its position in shares of BlackBerry by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 276,453 shares of the company's stock worth $1,061,000 after purchasing an additional 9,380 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of BlackBerry by 24.4% during the 4th quarter. Wells Fargo & Company MN now owns 114,906 shares of the company's stock worth $434,000 after purchasing an additional 22,567 shares during the period. Invesco Ltd. grew its holdings in shares of BlackBerry by 3.8% during the 4th quarter. Invesco Ltd. now owns 115,116 shares of the company's stock worth $435,000 after purchasing an additional 4,226 shares during the period. Raymond James Financial Inc. purchased a new position in shares of BlackBerry during the 4th quarter worth $544,000. Finally, CANADA LIFE ASSURANCE Co boosted its holdings in BlackBerry by 66.5% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 242,797 shares of the company's stock valued at $914,000 after acquiring an additional 96,972 shares during the period. 54.48% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other BlackBerry news, insider Philip S. Kurtz sold 16,217 shares of the business's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $5.25, for a total transaction of $85,139.25. Following the sale, the insider directly owned 57,503 shares in the company, valued at approximately $301,890.75. The trade was a 22.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO John Joseph Giamatteo sold 26,998 shares of the business's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $4.32, for a total value of $116,631.36. Following the sale, the chief executive officer owned 530,135 shares in the company, valued at approximately $2,290,183.20. The trade was a 4.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 58,417 shares of company stock worth $267,524. 0.37% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on BB. Wall Street Zen lowered BlackBerry from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Canaccord Genuity Group increased their price target on BlackBerry from $4.25 to $4.60 and gave the company a "hold" rating in a research report on Tuesday, June 24th. Royal Bank Of Canada increased their price target on BlackBerry from $3.75 to $4.00 and gave the company a "sector perform" rating in a research report on Friday, June 20th. Robert W. Baird increased their price target on BlackBerry from $4.00 to $5.00 and gave the company a "neutral" rating in a research report on Wednesday, June 25th. Finally, CIBC reaffirmed an "outperform" rating on shares of BlackBerry in a research report on Tuesday, June 24th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $4.60.

BlackBerry Stock Performance

Shares of BB stock traded up $0.06 during midday trading on Tuesday, hitting $3.81. The company had a trading volume of 7,155,451 shares, compared to its average volume of 7,093,511. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.10 and a quick ratio of 2.10. BlackBerry Limited has a 52-week low of $2.22 and a 52-week high of $6.24. The stock has a market cap of $2.26 billion, a price-to-earnings ratio of -63.42 and a beta of 1.49. The company's 50 day simple moving average is $3.99 and its 200 day simple moving average is $4.05.

BlackBerry (NYSE:BB - Get Free Report) last posted its quarterly earnings results on Tuesday, June 24th. The company reported $0.02 earnings per share for the quarter, beating analysts' consensus estimates of ($0.01) by $0.03. BlackBerry had a positive return on equity of 2.29% and a negative net margin of 6.44%.The firm had revenue of $121.26 million for the quarter, compared to the consensus estimate of $112.18 million. During the same period in the previous year, the business earned ($0.03) earnings per share. The company's revenue for the quarter was down 15.5% compared to the same quarter last year. BlackBerry has set its Q2 2026 guidance at 0.000-0.010 EPS. FY 2026 guidance at 0.080-0.100 EPS. Research analysts anticipate that BlackBerry Limited will post -0.03 earnings per share for the current fiscal year.

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.