The Manufacturers Life Insurance Company Buys Shares of 529,295 BlackBerry Limited $BB

The Manufacturers Life Insurance Company bought a new position in shares of BlackBerry Limited (NYSE:BB - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 529,295 shares of the company's stock, valued at approximately $6,673,000. The Manufacturers Life Insurance Company owned 0.09% of BlackBerry at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of BlackBerry by 1.3% in 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 worth $3,106,000 after acquiring an additional 10,667 shares during the last quarter. Geode Capital Management LLC raised its position in BlackBerry by 263.2% in the second quarter. Geode Capital Management LLC now owns 1,167,739 shares of the company's stock valued at $5,348,000 after purchasing an additional 846,208 shares during the period. Creative Planning raised its position 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 during the period. Flow Traders U.S. LLC acquired a new position in BlackBerry during the second quarter worth $86,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in 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 worth $71,397,000 after purchasing an additional 14,544,005 shares in the last quarter. 54.48% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other BlackBerry news, SVP Jennifer Armstrong-Owen sold 3,296 shares of the stock in a transaction that occurred 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 transaction, the senior vice president directly owned 106,091 shares in the company, valued at $1,158,513.72. This represents a 3.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO John Joseph Giamatteo sold 152,012 shares of the stock in a transaction that occurred on Thursday, July 9th. The shares were sold at an average price of $11.35, for a total transaction of $1,725,336.20. Following the completion of the transaction, the chief executive officer owned 687,246 shares in the company, valued at $7,800,242.10. This represents a 18.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 355,858 shares of company stock worth $4,012,270. Insiders own 0.51% of the company's stock.

BlackBerry Price Performance

BlackBerry stock opened at $8.17 on Monday. 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 company has a fifty day simple moving average of $9.42 and a 200-day simple moving average of $6.77. The stock has a market cap of $4.80 billion, a P/E ratio of 90.79 and a beta of 2.26. 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 posted its earnings results on Thursday, June 25th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.03 by $0.01. BlackBerry had a return on equity of 11.66% and a net margin of 10.31%.The firm had revenue of $152.90 million for the quarter, compared to analyst estimates of $136.10 million. During the same quarter in the prior year, the company posted $0.02 earnings per share. BlackBerry's revenue for the quarter was up 25.6% compared to the same quarter last year. 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 analysts expect that BlackBerry Limited will post 0.13 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BB has been the subject of a number of research reports. Wall Street Zen raised BlackBerry from a "hold" rating to a "buy" rating in a research note on Saturday. Weiss Ratings raised BlackBerry from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Tuesday, July 28th. Zacks Research lowered shares of BlackBerry from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 25th. Raymond James Financial increased their price target on shares of BlackBerry from $4.75 to $9.50 and gave the stock a "market perform" rating in a research report on Friday, June 26th. Finally, Royal Bank Of Canada raised their price objective on shares of BlackBerry from $4.50 to $9.00 and gave the company a "sector perform" rating in a research note on Friday, June 26th. Two equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus 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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