BlackBerry (NYSE:BB) Stock: Insider Tim Foote Sells 16,672 Shares

Key Points

• BlackBerry CFO Tim Foote sold 16,672 shares at an average price of $9.14, totaling approximately $152,382 and reducing his direct holdings by 22.67% to 56,863 shares.
• BlackBerry shares rose 1.1% to $9.29, while the company reported quarterly EPS of $0.07 and revenue of $166.56 million, exceeding analyst estimates and marking 26% year-over-year revenue growth.
• Wall Street maintains a “Hold” consensus on BB, with eight Hold ratings and two Buy ratings; the average analyst price target is $9.25.

BlackBerry Limited (NYSE:BB - Get Free Report) CFO Tim Foote sold 16,672 shares of BlackBerry stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $9.14, for a total value of $152,382.08. Following the completion of the sale, the chief financial officer directly owned 56,863 shares of the company's stock, valued at approximately $519,727.82. This represents a 22.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Tim Foote also recently made the following trade(s):

• On Thursday, July 9th, Tim Foote sold 8,235 shares of BlackBerry stock. The stock was sold at an average price of $10.92, for a total value of $89,926.20.

BlackBerry Trading Up 1.1%

NYSE:BB traded up $0.10 during mid-day trading on Friday, reaching $9.29. The company's stock had a trading volume of 16,921,099 shares, compared to its average volume of 18,619,277. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.38 and a quick ratio of 2.38. The stock has a market cap of $5.45 billion, a P/E ratio of 77.38 and a beta of 2.20. The company's fifty day simple moving average is $8.30 and its two-hundred day simple moving average is $7.56. BlackBerry Limited has a twelve month low of $3.12 and a twelve month high of $13.59.

BlackBerry (NYSE:BB - Get Free Report) last posted its quarterly earnings data on Thursday, September 24th. The company reported $0.07 EPS for the quarter, beating analysts' consensus estimates of $0.04 by $0.03. The company had revenue of $166.56 million during the quarter, compared to the consensus estimate of $144.22 million. BlackBerry had a net margin of 13.09% and a return on equity of 13.71%. The company's quarterly revenue was up 26.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.04 EPS. BlackBerry has set its FY 2027 guidance at 0.190-0.220 EPS and its Q3 2027 guidance at 0.040-0.050 EPS. On average, equities analysts predict that BlackBerry Limited will post 0.17 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of BB. CoreCap Advisors LLC purchased a new stake in BlackBerry during the second quarter worth approximately $31,000. Integrated Wealth Concepts LLC purchased a new position in shares of BlackBerry in the 2nd quarter valued at $31,000. Elevation Wealth Partners LLC purchased a new position in shares of BlackBerry in the 2nd quarter valued at $32,000. Wealthfront Advisers LLC acquired a new position in shares of BlackBerry during the 1st quarter valued at $34,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of BlackBerry during the 1st quarter valued at $37,000. 54.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on BB shares. TD increased their price target on shares of BlackBerry from $5.00 to $8.00 and gave the stock a "hold" rating in a research note on Friday, June 26th. Royal Bank Of Canada reissued a "sector perform" rating and set a $9.00 price objective on shares of BlackBerry in a research note on Monday, September 21st. Stifel Nicolaus initiated coverage on BlackBerry in a report on Wednesday, June 24th. They set a "buy" rating and a $12.00 price objective for the company. TD Securities reaffirmed a "hold" rating and issued a $8.00 target price on shares of BlackBerry in a research report on Friday, June 26th. Finally, Raymond James Financial lifted their target price on BlackBerry from $4.75 to $9.50 and gave the company a "market perform" rating in a report on Friday, June 26th. Two equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, BlackBerry has a consensus rating of "Hold" and an average price target of $9.25.

BlackBerry Company Profile

BlackBerry Limited is a Canadian technology company that provides cybersecurity and Internet of Things (IoT) software. Its cybersecurity offerings support endpoint protection, threat detection and response, secure communications, identity management, and unified endpoint management for businesses and government organizations.

Through its QNX business, BlackBerry supplies secure, safety-certified real-time operating systems and embedded software for automotive systems and other connected devices.

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