Nwam LLC Purchases Shares of 558,925 BlackBerry Limited $BB

Key Points

• Nwam LLC initiated a BlackBerry position by purchasing 558,925 shares worth approximately $7.07 million, while institutional investors collectively own 54.48% of the company.
• BlackBerry reported quarterly revenue of $152.9 million and earnings of $0.04 per share, surpassing analyst estimates; revenue increased 25.6% year over year.
• Analyst sentiment remains cautious, with a consensus “Hold” rating and an $8.92 price target, while company insiders—including the CEO and CFO—sold shares worth roughly $4.01 million over the past 90 days.

Nwam LLC purchased a new position in shares of BlackBerry Limited (NYSE:BB - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 558,925 shares of the company's stock, valued at approximately $7,070,000. Nwam LLC owned approximately 0.10% of BlackBerry as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of BlackBerry by 1.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 823,822 shares of the company's stock valued at $3,106,000 after acquiring an additional 10,667 shares during the period. Geode Capital Management LLC grew its holdings in BlackBerry by 263.2% in the second quarter. Geode Capital Management LLC now owns 1,167,739 shares of the company's stock worth $5,348,000 after purchasing an additional 846,208 shares during the period. Creative Planning increased its stake in BlackBerry by 87.5% in the second quarter. Creative Planning now owns 53,413 shares of the company's stock valued at $245,000 after purchasing an additional 24,921 shares in the last quarter. Flow Traders U.S. LLC bought a new stake in BlackBerry in the second quarter valued at $86,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of BlackBerry by 1,390.6% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,589,886 shares of the company's stock valued at $71,397,000 after purchasing an additional 14,544,005 shares during the period. Institutional investors own 54.48% of the company's stock.

BlackBerry Stock Performance

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

BlackBerry (NYSE:BB - Get Free Report) last posted its quarterly earnings results 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. The company had revenue of $152.90 million during the quarter, compared to the consensus estimate of $136.10 million. BlackBerry had a return on equity of 11.66% and a net margin of 10.31%.The firm's quarterly revenue was up 25.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.02 EPS. BlackBerry has set its FY 2027 guidance at 0.160-0.200 EPS and its Q2 2027 guidance at 0.030-0.040 EPS. Equities research analysts predict that BlackBerry Limited will post 0.13 EPS for the current year.

Wall Street Analyst Weigh In

BB has been the subject of several research reports. Stifel Nicolaus assumed coverage on BlackBerry in a research note on Wednesday, June 24th. They issued a "buy" rating and a $12.00 target price for the company. Raymond James Financial increased their price target on BlackBerry from $4.75 to $9.50 and gave the stock a "market perform" rating in a report on Friday, June 26th. Royal Bank Of Canada boosted their price objective on BlackBerry from $4.50 to $9.00 and gave the company a "sector perform" rating in a report on Friday, June 26th. Zacks Research cut BlackBerry from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 25th. Finally, Canaccord Genuity Group lifted their price target on shares of BlackBerry from $8.20 to $10.30 and gave the company a "hold" rating in a research report on Friday, June 26th. Two investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, BlackBerry currently has a consensus rating of "Hold" and a consensus price target of $8.92.

Insider Activity

In related news, CFO Tim Foote sold 8,235 shares of the stock in a transaction on Thursday, July 9th. The stock was sold at an average price of $10.92, for a total value of $89,926.20. Following the sale, the chief financial officer owned 73,535 shares in the company, valued at approximately $803,002.20. This trade represents a 10.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO John Joseph Giamatteo sold 152,012 shares of the business's stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $11.35, for a total value of $1,725,336.20. Following the transaction, the chief executive officer directly owned 687,246 shares of the company's stock, valued at $7,800,242.10. The trade was a 18.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 355,858 shares of company stock valued at $4,012,270. 0.51% of the stock is owned by company insiders.

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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