Insider Selling: BlackBerry (NYSE:BB) Insider Sells 4,079 Shares of Stock

Key Points

• Insider Philip Kurtz sold 4,079 shares on April 2 at an average price of $3.56 for $14,521, reducing his stake by 3.36% to 117,484 shares valued at about $418,243.
• BlackBerry traded near $3.49 with a market cap of $2.05 billion and a 12‑month range of $2.81–$5.32; analysts have an average rating of Hold with a consensus price target of $4.92.
• Institutions own roughly 54.48% of the stock, with recent sizable position increases from firms like Geode Capital and Arrowstreet Capital.

BlackBerry Limited (NYSE:BB - Get Free Report) insider Philip Kurtz sold 4,079 shares of the stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $3.56, for a total value of $14,521.24. Following the sale, the insider directly owned 117,484 shares of the company's stock, valued at $418,243.04. The trade was a 3.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

BlackBerry Stock Performance

BlackBerry stock traded down $0.07 during mid-day trading on Tuesday, reaching $3.49. 9,706,857 shares of the company were exchanged, compared to its average volume of 7,478,344. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.14 and a current ratio of 2.14. The firm's 50-day simple moving average is $3.42 and its two-hundred day simple moving average is $3.99. The firm has a market cap of $2.05 billion, a PE ratio of 116.21 and a beta of 1.70. BlackBerry Limited has a twelve month low of $2.81 and a twelve month high of $5.32.

Analysts Set New Price Targets

BB has been the topic of a number of analyst reports. Wall Street Zen downgraded BlackBerry from a "buy" rating to a "hold" rating in a research note on Saturday, February 14th. Royal Bank Of Canada restated a "sector perform" rating and issued a $4.50 price target on shares of BlackBerry in a research note on Friday, December 19th. Canaccord Genuity Group restated a "hold" rating and issued a $4.60 price target on shares of BlackBerry in a research note on Friday, December 19th. Weiss Ratings restated a "sell (d+)" rating on shares of BlackBerry in a research note on Wednesday, March 25th. Finally, TD Securities upgraded BlackBerry to a "hold" rating in a research note on Monday, December 22nd. One research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $4.92.

Institutional Trading of BlackBerry

A number of institutional investors have recently bought and sold shares of BB. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in BlackBerry by 1.3% during the first 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 purchasing an additional 10,667 shares in the last quarter. Geode Capital Management LLC boosted its position in BlackBerry by 263.2% during 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 in the last quarter. Creative Planning boosted its position in BlackBerry by 87.5% during the second quarter. Creative Planning now owns 53,413 shares of the company's stock worth $245,000 after purchasing an additional 24,921 shares in the last quarter. Russell Investments Group Ltd. boosted its position in BlackBerry by 15.0% during the second quarter. Russell Investments Group Ltd. now owns 393,561 shares of the company's stock worth $1,804,000 after purchasing an additional 51,305 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in BlackBerry by 137.1% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,788,921 shares of the company's stock worth $12,780,000 after purchasing an additional 1,612,465 shares in the last quarter. 54.48% of the stock is currently owned by hedge funds and other institutional investors.

About BlackBerry

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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