Tim Foote Sells 3,155 Shares of BlackBerry (NYSE:BB) Stock

Key Points

• Tim Foote, CFO of BlackBerry, sold 3,155 shares of the company's stock, translating to a 7.36% decrease in his ownership, with the sale totaling $14,576.10 at an average price of $4.62 per share.
• BlackBerry's stock price increased to $4.80 with a market cap of $2.83 billion, while the company reported a 10.6% revenue decline year-over-year in its latest earnings, despite beating analyst expectations.
• Recent analyst ratings reflect mixed sentiments, with TD Securities downgrading BlackBerry to a "hold" rating and raising the price target to **$5.00**, while Zacks upgraded it to a "strong-buy."

BlackBerry Limited (NYSE:BB - Get Free Report) CFO Tim Foote sold 3,155 shares of the firm's stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $4.62, for a total value of $14,576.10. Following the completion of the transaction, the chief financial officer directly owned 39,709 shares of the company's stock, valued at approximately $183,455.58. This trade represents a 7.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

BlackBerry Price Performance

Shares of NYSE BB traded up $0.30 during mid-day trading on Monday, hitting $4.80. 12,605,259 shares of the stock were exchanged, compared to its average volume of 16,372,360. The stock's fifty day simple moving average is $3.96 and its two-hundred 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. BlackBerry Limited has a twelve month low of $2.24 and a twelve month high of $6.24. The company 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 announced its earnings results on Thursday, September 25th. The company reported $0.04 earnings per share for the quarter, beating analysts' consensus estimates of $0.01 by $0.03. The company had revenue of $130.96 million during the quarter, compared to analyst estimates of $122.03 million. BlackBerry had a positive return on equity of 6.07% and a negative net margin of 0.60%.The firm'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 forecast that BlackBerry Limited will post -0.03 EPS for the current fiscal year.

Analysts Set New Price Targets

BB has been the topic of a number of recent research reports. TD Securities cut shares of BlackBerry from a "buy" rating to a "hold" rating and raised their price objective for the company from $4.00 to $5.00 in a research note on Friday. TD Cowen reiterated a "hold" rating and set a $5.00 target price on shares of BlackBerry in a report on Friday. Wall Street Zen raised BlackBerry from a "hold" rating to a "buy" rating in a research report on Friday, September 26th. Zacks Research raised BlackBerry from a "hold" rating to a "strong-buy" rating in a research note on Monday, September 29th. Finally, Royal Bank Of Canada increased their target price on BlackBerry from $4.00 to $4.50 and gave the stock a "sector perform" rating in a research note on Friday, September 26th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $5.10.

Institutional Investors Weigh In On BlackBerry

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew 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 buying an additional 218,684 shares in the last quarter. Voya Investment Management LLC bought a new stake in shares of BlackBerry during the 1st quarter valued at $95,166,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of BlackBerry by 7.0% during the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,086,634 shares of the company's stock worth $4,093,000 after purchasing an additional 71,057 shares in the last quarter. 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 grew its holdings in shares of BlackBerry by 68.0% during the 1st quarter. Headlands Technologies LLC now owns 216,887 shares of the company's stock worth $818,000 after purchasing an additional 87,786 shares in the last quarter. 54.48% of the stock is currently owned by institutional investors and hedge funds.

About BlackBerry

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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