Insider Selling: BlackBerry (NYSE:BB) SVP Sells 29,908 Shares of Stock

Key Points

• Jennifer Armstrong-Owen, BlackBerry SVP, sold 29,908 shares on April 4 at an average price of $3.56 for proceeds of $106,472.48, cutting her stake by 23.96% to 94,903 shares (valued about $337,855).
• BlackBerry shares traded down about 1.8% to $3.49 with volume (~9.7M) above average; the company has a market cap of $2.05B, a P/E of 116.21, and a 12‑month range of $2.81–$5.32.
• Institutions own roughly 54.5% of the stock (notable holders: First Trust ~24.99M, Vanguard ~23.94M), and analysts’ consensus is a “Hold” with an average target price of $4.92 (1 Buy, 6 Hold, 1 Sell).

BlackBerry Limited (NYSE:BB - Get Free Report) SVP Jennifer Armstrong-Owen sold 29,908 shares of the firm's stock in a transaction on Saturday, April 4th. The stock was sold at an average price of $3.56, for a total transaction of $106,472.48. Following the completion of the sale, the senior vice president owned 94,903 shares of the company's stock, valued at $337,854.68. The trade was a 23.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Jennifer Armstrong-Owen also recently made the following trade(s):

• On Thursday, April 2nd, Jennifer Armstrong-Owen sold 2,888 shares of BlackBerry stock. The stock was sold at an average price of $3.56, for a total transaction of $10,281.28.

BlackBerry Stock Down 1.8%

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. First Trust Advisors LP lifted its position in shares of BlackBerry by 34.4% during the fourth quarter. First Trust Advisors LP now owns 24,991,652 shares of the company's stock valued at $94,718,000 after purchasing an additional 6,399,502 shares in the last quarter. Vanguard Group Inc. raised its position in BlackBerry by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 23,935,970 shares of the company's stock worth $90,334,000 after acquiring an additional 142,924 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in BlackBerry by 1.3% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,799,334 shares of the company's stock worth $77,116,000 after acquiring an additional 209,448 shares during the period. Hood River Capital Management LLC bought a new stake in BlackBerry in the second quarter worth about $52,441,000. Finally, Bank of America Corp DE increased its stake in shares of BlackBerry by 21.3% during the 3rd quarter. Bank of America Corp DE now owns 5,584,564 shares of the company's stock worth $27,253,000 after purchasing an additional 980,359 shares during the last quarter. 54.48% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

BlackBerry Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.