BlackBerry Slides 4.2% as Post-Earnings Rally Cools

BlackBerry Limited (BB) is down 4.2% today. Here is some analysis on what might have caused this price movement.

Analysis: There does not appear to be a major new negative company announcement tied to today’s drop, so the move looks most likely related to profit-taking after BlackBerry’s sharp late-June surge. Another possible pressure point is investor focus on potential dilution after the company disclosed that its convertible notes became eligible for conversion during the current quarter.

Details:

BlackBerry’s fiscal first-quarter 2027 results were strong, with revenue rising to $152.9 million as both the QNX and Secure Communications businesses posted solid year-over-year growth.

The company also raised its full-year revenue outlook in late June, which helped fuel a powerful rally in the stock and may have set up a pullback as traders locked in gains.

In its quarterly filing, BlackBerry disclosed that holders of its convertible notes can elect to convert from July 1, 2026 through September 30, 2026 after the stock met the required price condition.

Wall Street targets still appear mixed, with a consensus Hold rating and an average price target below the stock’s recent trading range, which could be encouraging some investors to reassess valuation after the run-up.

Sources:

SEC, BlackBerry Investor Relations, Stock Analysis

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$BB Insider Trading Activity

$BB insiders have traded $BB stock on the open market 11 times in the past 6 months. Of those trades, 0 have been purchases and 11 have been sales.

Here’s a breakdown of recent trading of $BB stock by insiders over the last 6 months:

JOHN JOSEPH GIAMATTEO (CEO & President, Secure Comm.) has made 0 purchases and 2 sales selling 55,338 shares for an estimated $413,566.
TIM FOOTE (Chief Financial Officer) has made 0 purchases and 4 sales selling 35,108 shares for an estimated $353,549.
JENNIFER ARMSTRONG-OWEN (Sr VP & Chief People Officer) has made 0 purchases and 3 sales selling 35,352 shares for an estimated $145,432.
PHILIP S. KURTZ (CLO & Corp. Secretary) has made 0 purchases and 2 sales selling 8,274 shares for an estimated $63,015.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

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$BB Hedge Fund Activity

We have seen 77 institutional investors add shares of $BB stock to their portfolio, and 93 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

FIFTHDELTA LTD added 8,850,571 shares (+50.3%) to their portfolio in Q1 2026, for an estimated $28,675,850
FIRST TRUST ADVISORS LP removed 8,490,714 shares (-34.0%) from their portfolio in Q1 2026, for an estimated $27,509,913
MARSHALL WACE, LLP removed 5,814,922 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $18,840,347
LEGAL & GENERAL GROUP PLC added 4,644,181 shares (+15.4%) to their portfolio in Q1 2026, for an estimated $15,047,146
CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. removed 3,920,828 shares (-32.4%) from their portfolio in Q1 2026, for an estimated $12,703,482
JANE STREET GROUP, LLC added 3,605,431 shares (+175.1%) to their portfolio in Q1 2026, for an estimated $11,681,596
BANK OF AMERICA CORP /DE/ removed 2,723,146 shares (-45.5%) from their portfolio in Q1 2026, for an estimated $8,822,993

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$BB Analyst Ratings

Wall Street analysts have issued reports on $BB in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Stifel issued a "Buy" rating on 06/24/2026

To track analyst ratings and price targets for $BB, check out Quiver Quantitative's $BB forecast page.

$BB Price Targets

Multiple analysts have issued price targets for $BB recently. We have seen 5 analysts offer price targets for $BB in the last 6 months, with a median target of $10.3.

Here are some recent targets:

Paul Treiber from RBC Capital set a target price of $9.0 on 06/29/2026
Todd Coupland from CIBC set a target price of $13.0 on 06/26/2026
Michael Walkley from Canaccord Genuity set a target price of $10.3 on 06/26/2026
Suthan Sukumar from Stifel set a target price of $12.0 on 06/24/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.