Fairfax Financial Holdings Ltd. Can Sells 5,389,380 Shares of BlackBerry Limited $BB

Key Points

• Fairfax Financial cut its BlackBerry stake by 13.2%, selling 5,389,380 shares in Q3 and now owns 35,395,320 shares (about 5.99% of BlackBerry), with BB representing ~8.3% of Fairfax’s portfolio as its 5th-largest holding.
• Company insiders sold a total of 364,881 shares (≈$1.4M) last quarter — including notable sales by the CFO and Philip S. Kurtz — leaving insiders with just 0.37% ownership; institutional investors now own about 54.48% of BB.
• BB shares traded at $3.34 (down ~2.5%) with a market cap of ~$1.97B; analysts’ consensus is a Hold rating (avg. target $5.10) after a slight EPS beat and FY2026 guidance of 0.14–0.16 EPS.

Fairfax Financial Holdings Ltd. Can reduced its stake in shares of BlackBerry Limited (NYSE:BB - Free Report) by 13.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,395,320 shares of the company's stock after selling 5,389,380 shares during the quarter. BlackBerry comprises about 8.3% of Fairfax Financial Holdings Ltd. Can's investment portfolio, making the stock its 5th largest holding. Fairfax Financial Holdings Ltd. Can owned 5.99% of BlackBerry worth $172,375,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of BB. Quinn Opportunity Partners LLC increased its stake in BlackBerry by 563.3% during the 3rd quarter. Quinn Opportunity Partners LLC now owns 235,506 shares of the company's stock valued at $1,149,000 after buying an additional 200,000 shares during the period. UBS Group AG lifted its stake in shares of BlackBerry by 52.9% in the 3rd quarter. UBS Group AG now owns 3,041,707 shares of the company's stock worth $14,844,000 after acquiring an additional 1,052,398 shares during the period. Mackenzie Financial Corp lifted its stake in shares of BlackBerry by 1.1% in the 3rd quarter. Mackenzie Financial Corp now owns 401,841 shares of the company's stock worth $1,960,000 after acquiring an additional 4,249 shares during the period. Franklin Resources Inc. boosted its holdings in shares of BlackBerry by 23.6% in the third quarter. Franklin Resources Inc. now owns 84,289 shares of the company's stock valued at $411,000 after acquiring an additional 16,078 shares in the last quarter. Finally, NewGen Asset Management Ltd boosted its holdings in shares of BlackBerry by 3.7% in the third quarter. NewGen Asset Management Ltd now owns 2,800,000 shares of the company's stock valued at $13,664,000 after acquiring an additional 100,000 shares in the last quarter. Institutional investors and hedge funds own 54.48% of the company's stock.

BlackBerry Stock Down 2.5%

BB stock opened at $3.34 on Friday. BlackBerry Limited has a 52-week low of $2.80 and a 52-week high of $5.32. The company's 50 day simple moving average is $3.60 and its 200-day simple moving average is $4.05. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.14 and a quick ratio of 2.14. The firm has a market capitalization of $1.97 billion, a P/E ratio of 111.20 and a beta of 1.67.

BlackBerry (NYSE:BB - Get Free Report) last issued its quarterly earnings results on Thursday, December 18th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.04 by $0.01. BlackBerry had a net margin of 4.02% and a return on equity of 8.05%. The business had revenue of $141.80 million during the quarter, compared to the consensus estimate of $137.54 million. During the same quarter in the prior year, the firm earned $0.02 EPS. The firm's quarterly revenue was down 1.3% on a year-over-year basis. BlackBerry has set its FY 2026 guidance at 0.140-0.160 EPS and its Q4 2026 guidance at 0.030-0.050 EPS. As a group, equities research analysts anticipate that BlackBerry Limited will post -0.03 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on BB shares. Weiss Ratings reissued a "sell (d+)" rating on shares of BlackBerry in a report on Friday, December 26th. Zacks Research lowered BlackBerry from a "strong-buy" rating to a "hold" rating in a research note on Monday, November 24th. Canaccord Genuity Group reiterated a "hold" rating and set a $4.60 price target on shares of BlackBerry in a research report on Friday, December 19th. Wall Street Zen downgraded BlackBerry from a "buy" rating to a "hold" rating in a research note on Saturday, February 14th. Finally, 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, December 19th. One research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, BlackBerry presently has an average rating of "Hold" and an average target price of $5.10.

Insider Transactions at BlackBerry

In related news, insider Philip S. Kurtz sold 11,121 shares of the stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $3.89, for a total value of $43,260.69. Following the completion of the sale, the insider directly owned 110,096 shares of the company's stock, valued at approximately $428,273.44. This represents a 9.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Tim Foote sold 28,600 shares of the firm's stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $3.82, for a total value of $109,252.00. Following the sale, the chief financial officer owned 41,626 shares of the company's stock, valued at $159,011.32. The trade was a 40.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 364,881 shares of company stock valued at $1,400,034 over the last quarter. Company insiders own 0.37% of the company's stock.

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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