BlackBerry (NYSE:BB) CFO Tim Foote Sells 3,269 Shares of Stock

by · The Markets Daily

BlackBerry Limited (NYSE:BB – Get Free Report) CFO Tim Foote sold 3,269 shares of the stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $9.20, for a total value of $30,074.80. Following the completion of the transaction, the chief financial officer directly owned 60,969 shares in the company, valued at approximately $560,914.80. This trade represents a 5.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Thursday, October 1st, Tim Foote sold 16,672 shares of BlackBerry stock. The shares were sold at an average price of $9.14, for a total value of $152,382.08.
  • On Thursday, July 9th, Tim Foote sold 8,235 shares of BlackBerry stock. The stock was sold at an average price of $10.92, for a total value of $89,926.20.

BlackBerry Trading Down 2.4%

Shares of BB stock traded down $0.23 on Monday, reaching $9.07. The company had a trading volume of 15,143,937 shares, compared to its average volume of 18,602,318. The stock has a market cap of $5.33 billion, a PE ratio of 75.62 and a beta of 2.20. The company has a 50-day moving average of $8.31 and a 200-day moving average of $7.60. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.25. BlackBerry Limited has a 12 month low of $3.12 and a 12 month high of $13.59.

BlackBerry (NYSE:BB – Get Free Report) last released its quarterly earnings data on Thursday, September 24th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.03. The business had revenue of $166.56 million for the quarter, compared to analyst estimates of $144.22 million. BlackBerry had a net margin of 13.09% and a return on equity of 13.71%. BlackBerry’s quarterly revenue was up 26.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.04 EPS. BlackBerry has set its FY 2027 guidance at 0.190-0.220 EPS and its Q3 2027 guidance at 0.040-0.050 EPS. On average, equities analysts forecast that BlackBerry Limited will post 0.17 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BB. Wall Street Zen raised shares of BlackBerry from a “hold” rating to a “buy” rating in a report on Saturday, August 29th. Canadian Imperial Bank of Commerce lifted their target price on BlackBerry from $10.00 to $13.00 and gave the stock an “outperformer” rating in a report on Friday, June 26th. Zacks Research cut BlackBerry from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 25th. Canaccord Genuity Group lowered their price target on BlackBerry from $10.30 to $9.50 and set a “hold” rating for the company in a report on Friday, September 25th. Finally, Weiss Ratings raised BlackBerry from a “sell (d+)” rating to a “hold (c)” rating in a research report on Friday, September 25th. Two analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, BlackBerry currently has an average rating of “Hold” and a consensus price target of $9.86.

View Our Latest Analysis on BB

Institutional Investors Weigh In On BlackBerry

Hedge funds and other institutional investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company boosted its stake in BlackBerry by 8.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 529,295 shares of the company’s stock worth $6,673,000 after purchasing an additional 40,350 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in shares of BlackBerry in the 2nd quarter valued at about $31,000. Nykredit A S bought a new stake in shares of BlackBerry in the second quarter valued at about $111,000. Amundi bought a new stake in shares of BlackBerry in the second quarter valued at about $1,086,000. Finally, TD Waterhouse Canada Inc. boosted its position in shares of BlackBerry by 127.3% during the second quarter. TD Waterhouse Canada Inc. now owns 105,040 shares of the company’s stock worth $1,348,000 after buying an additional 58,818 shares during the period. 54.48% of the stock is currently owned by institutional investors and hedge funds.

BlackBerry Company Profile

(Get Free Report)

BlackBerry Limited is a Canadian technology company that provides cybersecurity and Internet of Things (IoT) software. Its cybersecurity offerings support endpoint protection, threat detection and response, secure communications, identity management, and unified endpoint management for businesses and government organizations.

Through its QNX business, BlackBerry supplies secure, safety-certified real-time operating systems and embedded software for automotive systems and other connected devices.

Featured Articles