BlackBerry Limited $BB Stock Position Lifted by Vanguard Group Inc.

Vanguard Group Inc. boosted its stake in BlackBerry Limited (NYSE:BB) by 1.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,084,515 shares of the company’s stock after buying an additional 218,684 shares during the quarter. Vanguard Group Inc. owned approximately 3.87% of BlackBerry worth $86,936,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Baader Bank Aktiengesellschaft acquired a new position in shares of BlackBerry in the first quarter worth $1,067,000. Mackenzie Financial Corp grew its stake in BlackBerry by 6.7% in the first quarter. Mackenzie Financial Corp now owns 376,884 shares of the company’s stock valued at $1,419,000 after purchasing an additional 23,578 shares in the last quarter. TD Asset Management Inc increased its position in BlackBerry by 163.7% in the 1st quarter. TD Asset Management Inc now owns 4,349,647 shares of the company’s stock worth $16,380,000 after purchasing an additional 2,700,319 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of BlackBerry by 8.1% during the 1st quarter. Cetera Investment Advisers now owns 414,254 shares of the company’s stock worth $1,562,000 after purchasing an additional 31,139 shares in the last quarter. Finally, Avantax Advisory Services Inc. acquired a new stake in shares of BlackBerry during the 1st quarter valued at about $281,000. Institutional investors and hedge funds own 54.48% of the company’s stock.

Insider Buying and Selling at BlackBerry

In other news, insider Philip S. Kurtz sold 16,217 shares of the business’s stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $5.25, for a total transaction of $85,139.25. Following the transaction, the insider owned 57,503 shares in the company, valued at approximately $301,890.75. The trade was a 22.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO John Joseph Giamatteo sold 26,998 shares of the company’s stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $4.32, for a total transaction of $116,631.36. Following the transaction, the chief executive officer directly owned 530,135 shares of the company’s stock, valued at $2,290,183.20. This represents a 4.85% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 58,417 shares of company stock valued at $267,524. Corporate insiders own 0.37% of the company’s stock.

BlackBerry Price Performance

NYSE BB opened at $3.7550 on Friday. The stock has a 50-day simple moving average of $4.02 and a 200 day simple moving average of $4.07. BlackBerry Limited has a twelve month low of $2.22 and a twelve month high of $6.24. The stock has a market capitalization of $2.23 billion, a PE ratio of -62.58 and a beta of 1.49. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.10 and a current ratio of 2.10.

BlackBerry (NYSE:BB) last released its earnings results on Tuesday, June 24th. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.03. BlackBerry had a positive return on equity of 2.29% and a negative net margin of 6.44%.The firm had revenue of $121.26 million for the quarter, compared to analyst estimates of $112.18 million. During the same quarter last year, the firm posted ($0.03) EPS. The company’s revenue was down 15.5% on a year-over-year basis. BlackBerry has set its Q2 2026 guidance at 0.000-0.010 EPS. FY 2026 guidance at 0.080-0.100 EPS. Research analysts anticipate that BlackBerry Limited will post -0.03 EPS for the current year.

Wall Street Analysts Forecast Growth

BB has been the subject of several recent research reports. CIBC reissued an “outperform” rating on shares of BlackBerry in a research note on Tuesday, June 24th. Wall Street Zen downgraded shares of BlackBerry from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Canaccord Genuity Group raised their price target on shares of BlackBerry from $4.25 to $4.60 and gave the company a “hold” rating in a report on Tuesday, June 24th. Robert W. Baird lifted their price objective on shares of BlackBerry from $4.00 to $5.00 and gave the company a “neutral” rating in a research note on Wednesday, June 25th. Finally, Royal Bank Of Canada upped their price objective on shares of BlackBerry from $3.75 to $4.00 and gave the stock a “sector perform” rating in a report on Friday, June 20th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $4.60.

BlackBerry 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.