Mattias Eriksson Sells 5,914 Shares of BlackBerry (NYSE:BB) Stock

Key Points

• Mattias Eriksson, an insider at BlackBerry, sold 5,914 shares on October 2nd for $4.62 each, totaling approximately $27,322.68, which represented a 1.99% decrease in his holdings.
• BlackBerry reported earnings of $0.04 per share for the last quarter, exceeding estimates, although revenue was down 10.6% year-over-year at $130.96 million.
• Analysts' ratings for BlackBerry have varied, with updates including a shift from "hold" to "buy" by Wall Street Zen and a consensus rating of "Hold" with a price target averaging $5.10.

BlackBerry Limited (NYSE:BB - Get Free Report) insider Mattias Eriksson sold 5,914 shares of BlackBerry stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $4.62, for a total transaction of $27,322.68. Following the completion of the transaction, the insider directly owned 291,340 shares of the company's stock, valued at approximately $1,345,990.80. This represents a 1.99% 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 Performance

Shares of BlackBerry stock traded up $0.30 during trading hours on Monday, reaching $4.80. The company's stock had a trading volume of 12,605,259 shares, compared to its average volume of 16,372,360. BlackBerry Limited has a one year low of $2.24 and a one year high of $6.24. The company's 50 day simple moving average is $3.96 and its 200 day simple moving average is $3.89. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.20 and a current ratio of 2.20. The stock has a market cap of $2.83 billion, a P/E ratio of -480.00 and a beta of 1.51.

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

Analyst Ratings Changes

BB has been the subject of a number of analyst reports. Wall Street Zen raised shares of BlackBerry from a "hold" rating to a "buy" rating in a research note on Friday, September 26th. Zacks Research upgraded BlackBerry from a "hold" rating to a "strong-buy" rating in a research report on Monday, September 29th. Canaccord Genuity Group reaffirmed a "hold" rating and set a $4.60 target price on shares of BlackBerry in a report on Friday, September 26th. TD Securities lowered BlackBerry from a "buy" rating to a "hold" rating and increased their price target for the company from $4.00 to $5.00 in a research report on Friday. Finally, CIBC restated an "outperform" rating on shares of BlackBerry in a report on Tuesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, BlackBerry has a consensus rating of "Hold" and an average price target of $5.10.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of BlackBerry by 1.0% during the first quarter. Vanguard Group Inc. now owns 23,084,515 shares of the company's stock valued at $86,936,000 after buying an additional 218,684 shares during the last quarter. Voya Investment Management LLC acquired a new position in BlackBerry in the 1st quarter valued at approximately $95,166,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in shares of BlackBerry by 7.0% in the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,086,634 shares of the company's stock worth $4,093,000 after acquiring an additional 71,057 shares during the period. Vident Advisory LLC grew its holdings in shares of BlackBerry by 52.1% during the 1st quarter. Vident Advisory LLC now owns 1,182,034 shares of the company's stock worth $4,456,000 after purchasing an additional 404,823 shares in the last quarter. Finally, Headlands Technologies LLC increased its position in shares of BlackBerry by 68.0% during the first quarter. Headlands Technologies LLC now owns 216,887 shares of the company's stock valued at $818,000 after purchasing an additional 87,786 shares during the period. Institutional investors own 54.48% of the company's stock.

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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