Jennifer Armstrong-Owen Sells 29,908 Shares of BlackBerry (NYSE:BB) Stock

BlackBerry Limited (NYSE:BB) SVP Jennifer Armstrong-Owen sold 29,908 shares of the firm’s stock in a transaction dated Saturday, April 4th. The stock was sold at an average price of $3.56, for a total transaction of $106,472.48. Following the completion of the transaction, the senior vice president directly owned 94,903 shares in the company, valued at $337,854.68. This represents a 23.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Jennifer Armstrong-Owen also recently made the following trade(s):

• On Thursday, April 2nd, Jennifer Armstrong-Owen sold 2,888 shares of BlackBerry stock. The stock was sold at an average price of $3.56, for a total transaction of $10,281.28.

BlackBerry Trading Up 1.6%

BB stock opened at $3.54 on Thursday. The company has a market capitalization of $2.08 billion, a PE ratio of 117.87 and a beta of 1.70. BlackBerry Limited has a 12 month low of $2.83 and a 12 month high of $5.32. The firm’s 50-day moving average is $3.41 and its 200 day moving average is $3.98. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.14 and a quick ratio of 2.14.

Institutional Trading of BlackBerry

A number of institutional investors have recently modified their holdings of the company. Hsbc Holdings PLC boosted its holdings in shares of BlackBerry by 1,501.9% in the 4th quarter. Hsbc Holdings PLC now owns 1,890,023 shares of the company’s stock valued at $7,116,000 after buying an additional 1,772,039 shares in the last quarter. Tobam boosted its holdings in shares of BlackBerry by 34.0% in the 4th quarter. Tobam now owns 30,159 shares of the company’s stock valued at $114,000 after buying an additional 7,655 shares in the last quarter. DGS Capital Management LLC bought a new stake in shares of BlackBerry in the 4th quarter valued at about $52,000. Virtu Financial LLC bought a new stake in shares of BlackBerry in the 4th quarter valued at about $280,000. Finally, Invesco Ltd. boosted its holdings in shares of BlackBerry by 2.4% in the 4th quarter. Invesco Ltd. now owns 128,487 shares of the company’s stock valued at $487,000 after buying an additional 2,975 shares in the last quarter. 54.48% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have commented on BB. Wall Street Zen downgraded 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 set a $4.60 target price on shares of BlackBerry in a research report on Friday, December 19th. TD Securities raised shares of BlackBerry to a “hold” rating in a research report on Monday, December 22nd. Weiss Ratings reissued a “sell (d+)” rating on shares of BlackBerry in a research report on Wednesday, March 25th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a $4.50 target price on shares of BlackBerry in a research report on Friday, December 19th. One investment analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $4.92.

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.