BlackBerry (NYSE:BB) Stock Price Up 8.8% - Here's What Happened

Key Points

• BlackBerry shares rose 8.8% to about $8.48, with roughly 8.9 million shares traded—53% below average volume.
• The company exceeded quarterly expectations, reporting $0.04 EPS versus $0.03 expected and $152.9 million in revenue, up 25.6% year over year. Analysts maintain a consensus “Hold” rating, with an average price target of $8.92.
• Insiders sold 355,858 shares worth approximately $4.0 million during the last quarter, while institutional investors and hedge funds own 54.48% of the stock.

BlackBerry Limited (NYSE:BB - Get Free Report) shares traded up 8.8% on Thursday . The company traded as high as $8.46 and last traded at $8.4750. Approximately 8,904,218 shares changed hands during trading, a decline of 53% from the average session volume of 18,912,469 shares. The stock had previously closed at $7.79.

Analyst Ratings Changes

BB has been the topic of a number of recent analyst reports. TD Securities reiterated a "hold" rating and issued a $8.00 price objective on shares of BlackBerry in a report on Friday, June 26th. Canadian Imperial Bank of Commerce raised their target price on BlackBerry from $10.00 to $13.00 and gave the company an "outperformer" rating in a research note on Friday, June 26th. Zacks Research lowered BlackBerry from a "strong-buy" rating to a "hold" rating in a research report on Tuesday. Canaccord Genuity Group boosted their price target on BlackBerry from $8.20 to $10.30 and gave the stock a "hold" rating in a research note on Friday, June 26th. Finally, Stifel Nicolaus began coverage on BlackBerry in a research note on Wednesday, June 24th. They issued a "buy" rating and a $12.00 price target on the stock. Two equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, BlackBerry has a consensus rating of "Hold" and an average price target of $8.92.

BlackBerry Stock Up 8.8%

The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.20 and a current ratio of 2.20. The firm has a market capitalization of $4.98 billion, a P/E ratio of 93.70 and a beta of 2.25. The stock has a fifty day moving average price of $9.42 and a two-hundred day moving average price of $6.70.

BlackBerry (NYSE:BB - Get Free Report) last announced its quarterly earnings data on Thursday, June 25th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.01. The firm had revenue of $152.90 million for the quarter, compared to analysts' expectations of $136.10 million. BlackBerry had a return on equity of 11.66% and a net margin of 10.31%.The firm's revenue for the quarter was up 25.6% on a year-over-year basis. During the same period last year, the business posted $0.02 earnings per share. BlackBerry has set its FY 2027 guidance at 0.160-0.200 EPS and its Q2 2027 guidance at 0.030-0.040 EPS. Research analysts forecast that BlackBerry Limited will post 0.13 EPS for the current year.

Insider Buying and Selling at BlackBerry

In related news, SVP Jennifer Armstrong-Owen sold 3,296 shares of the business's stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $10.92, for a total transaction of $35,992.32. Following the completion of the sale, the senior vice president owned 106,091 shares of the company's stock, valued at $1,158,513.72. This represents a 3.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Philip S. Kurtz sold 6,414 shares of the stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $11.07, for a total transaction of $71,002.98. Following the sale, the insider owned 125,158 shares in the company, valued at approximately $1,385,499.06. This trade represents a 4.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 355,858 shares of company stock valued at $4,012,270. Corporate insiders own 0.51% of the company's stock.

Hedge Funds Weigh In On BlackBerry

Hedge funds and other institutional investors have recently bought and sold shares of the stock. General American Investors Co. Inc. acquired a new stake in BlackBerry in the 4th quarter valued at approximately $3,892,000. Renaissance Technologies LLC raised its stake in BlackBerry by 139.2% during the 1st quarter. Renaissance Technologies LLC now owns 3,545,543 shares of the company's stock valued at $11,488,000 after acquiring an additional 2,063,153 shares in the last quarter. Havemeyer Place LP acquired a new position in BlackBerry during the 4th quarter worth $1,349,000. Deepwater Asset Management LLC acquired a new position in BlackBerry during the 2nd quarter worth $9,240,000. Finally, Legal & General Group Plc bought a new position in shares of BlackBerry in the second quarter worth $480,710,000. 54.48% of the stock is currently owned by institutional investors and hedge funds.

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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