Insider Selling: BlackBerry (NYSE:BB) SVP Sells 2,630 Shares of Stock

Key Points

• BlackBerry's SVP Jennifer Armstrong-Owen sold 2,630 shares at an average price of $4.62, representing a 5.04% decrease in her position, bringing her total holdings to 49,554 shares valued at approximately $228,939.
• Following the sale, BlackBerry's stock price rose 6.7% to $4.80, with a trading volume of over 12 million shares, amidst ongoing fluctuations reflecting a 1-year low of $2.24 and a high of $6.24.
• In its latest earnings report, BlackBerry posted earnings of $0.04 per share, beating expectations while revealing a 10.6% decline in quarterly revenue compared to the previous year.

BlackBerry Limited (NYSE:BB - Get Free Report) SVP Jennifer Armstrong-Owen sold 2,630 shares of BlackBerry stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $4.62, for a total value of $12,150.60. Following the completion of the sale, the senior vice president owned 49,554 shares of the company's stock, valued at $228,939.48. This trade represents a 5.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

BlackBerry Stock Up 6.7%

BB stock traded up $0.30 during trading on Monday, reaching $4.80. The stock had a trading volume of 12,605,259 shares, compared to its average volume of 16,372,360. BlackBerry Limited has a 1-year low of $2.24 and a 1-year high of $6.24. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $2.83 billion, a P/E ratio of -480.00 and a beta of 1.51. The firm has a fifty day moving average price of $3.96 and a 200 day moving average price of $3.89.

BlackBerry (NYSE:BB - Get Free Report) last posted its earnings results on Thursday, September 25th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.01 by $0.03. BlackBerry had a positive return on equity of 6.07% and a negative net margin of 0.60%.The company had revenue of $130.96 million during the quarter, compared to analyst estimates of $122.03 million. The firm's revenue for the quarter was down 10.6% compared to the same quarter last year. BlackBerry has set its Q3 2026 guidance at 0.020-0.040 EPS. FY 2026 guidance at 0.110-0.15 EPS. On average, equities analysts anticipate that BlackBerry Limited will post -0.03 earnings per share for the current year.

Institutional Investors Weigh In On BlackBerry

Large investors have recently made changes to their positions in the stock. Voya Investment Management LLC acquired a new position in BlackBerry during the first quarter worth $95,166,000. Connor Clark & Lunn Investment Management Ltd. increased its position in BlackBerry by 69.1% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 23,112,391 shares of the company's stock worth $87,064,000 after acquiring an additional 9,442,676 shares during the period. Vanguard Group Inc. increased its position in BlackBerry by 1.0% during the first quarter. Vanguard Group Inc. now owns 23,084,515 shares of the company's stock worth $86,936,000 after acquiring an additional 218,684 shares during the period. First Trust Advisors LP raised its stake in BlackBerry by 5.0% in the second quarter. First Trust Advisors LP now owns 15,748,114 shares of the company's stock valued at $72,126,000 after purchasing an additional 751,216 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in BlackBerry by 1,390.6% in 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 in the last quarter. Institutional investors own 54.48% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on BB shares. Weiss Ratings reissued a "sell (d-)" rating on shares of BlackBerry in a research report on Saturday, September 27th. Canaccord Genuity Group reissued a "hold" rating and issued a $4.60 price target on shares of BlackBerry in a research report on Friday, September 26th. TD Cowen reaffirmed a "hold" rating and issued a $5.00 price target on shares of BlackBerry in a research report on Friday. Zacks Research raised BlackBerry from a "hold" rating to a "strong-buy" rating in a research report on Monday, September 29th. Finally, Wall Street Zen raised shares of BlackBerry from a "hold" rating to a "buy" rating in a research report on Friday, September 26th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, BlackBerry currently has an average rating of "Hold" and an average price target of $5.10.

BlackBerry Company Profile

BlackBerry Limited provides intelligent security software and services to enterprises and governments worldwide. The company operates through three segments: Cybersecurity, IoT, and Licensing and Other. The company offers CylanceENDPOINT, an integrated endpoint security solution; CylanceGUARD, a managed detection and response solution; CylanceEDGE, an AI-powered continuous authentication zero trust network access solution; CylanceINTELLIGENCE, a contextual cyber threat intelligence service; BlackBerry Dynamics offers a development platform and secure container for mobile applications; BlackBerry Workspaces a secure Enterprise File Sync and Share (EFSS) solution; BlackBerry Messenger (BBM) Enterprise, an enterprise-grade secure instant messaging solution for messaging, voice and video; BlackBerry SecuSUITE is a certified, multi-OS voice and text messaging solution; BlackBerry AtHoc, a secure networked critical event management solution; and BlackBerry unified endpoint management (UEM) solutions.

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