Tim Foote Sells 6,762 Shares of BlackBerry (NYSE:BB) Stock

Key Points

• CFO Tim Foote sold 6,762 BlackBerry shares on April 4 at an average price of $3.56 for $24,072.72, leaving him with 76,277 shares — an 8.14% reduction in his stake.
• BlackBerry stock recently traded down 1.8% to $3.49, with a market cap of about $2.05 billion, a P/E of 116.21, and a 52-week range of $2.81–$5.32.
• Analysts’ consensus is a Hold rating (1 Buy, 6 Hold, 1 Sell) with an average price target of $4.92.

BlackBerry Limited (NYSE:BB - Get Free Report) CFO Tim Foote sold 6,762 shares of the company'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 $24,072.72. Following the sale, the chief financial officer directly owned 76,277 shares of the company's stock, valued at approximately $271,546.12. This trade represents a 8.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Tim Foote also recently made the following trade(s):

• On Thursday, April 2nd, Tim Foote sold 2,468 shares of BlackBerry stock. The stock was sold at an average price of $3.56, for a total transaction of $8,786.08.

BlackBerry Stock Down 1.8%

BlackBerry stock traded down $0.07 during trading on Tuesday, reaching $3.49. 9,706,857 shares of the company's stock were exchanged, compared to its average volume of 7,478,344. The company's 50-day moving average is $3.42 and its two-hundred day moving average is $3.99. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.14 and a current ratio of 2.14. BlackBerry Limited has a 52-week low of $2.81 and a 52-week high of $5.32. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of 116.21 and a beta of 1.70.

Institutional Investors Weigh In On BlackBerry

Institutional investors have recently made changes to their positions in the company. Delos Wealth Advisors LLC bought a new stake in shares of BlackBerry in the 3rd quarter valued at approximately $34,000. CI Investments Inc. increased its holdings in shares of BlackBerry by 48.4% in the 3rd quarter. CI Investments Inc. now owns 8,414 shares of the company's stock valued at $41,000 after acquiring an additional 2,745 shares during the last quarter. Portfolio Resources Advisor Group Inc. bought a new stake in shares of BlackBerry in the 4th quarter valued at approximately $46,000. DGS Capital Management LLC bought a new stake in shares of BlackBerry in the 4th quarter valued at approximately $52,000. Finally, State of Wisconsin Investment Board bought a new stake in shares of BlackBerry in the 4th quarter valued at approximately $54,000. 54.48% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

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