BlackBerry (BB) CFO Foote Tim Sells $71K of Stock
Tim Foote, CFO of BlackBerry, sold shares valued at over $70,000.
Reviewed by automated data checks against the source filing. How we make and check alerts
Foote Tim, Chief Financial Officer at BlackBerry Limited ($BB), sold 8,441 shares at an average price of $8.36, worth about $70,566.76, on October 9, 2026. The trade was reported to the SEC in a Form 4 filing.
Since the trade, $BB is down 9.5% after 1 week and down 9.5% to date (from the $8.91 close on Oct 9, 2026).
BB
BlackBerry Limited
Key Points
- On October 9, 2026, Tim Foote sold 8,441 shares of BlackBerry Limited for $70,567 at a price of $8.36 per share.
- BlackBerry's stock is currently trading around $8.12, which is below its 50-day moving average of $8.39 and 40.3% below its 52-week high of $13.59.
- Other insiders also sold shares on the same day, including Philip Simon Kurtz and John Joseph Giamatteo, totaling over $300,000 in sales.
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Tim Foote, the Chief Financial Officer of BlackBerry Limited, sold 8,441 shares of the company on October 9, 2026. The shares were sold for $8.36 each, totaling about $70,567. This sale comes as BlackBerry's stock trades recently around $8.12, reflecting a decline from earlier highs.
Inside Foote's Trade
Foote's sale of 8,441 shares represents a significant transaction for him, given the total value involved. The stock's recent trading price is below its 50-day moving average of $8.39, indicating it has been under some pressure. This trade was not planned, and it adds to the recent activity from other insiders on the same day.
Other Institutional Activity in BlackBerry
Several institutional investors have been active in BlackBerry recently. Legal & General Group PLC increased its holdings by 3,211,374 shares, bringing its total to 38,079,716 shares worth about $306.9 million. Voya Investment Management LLC also raised its stake by 2,255,851 shares, reaching 27,919,687 shares valued at approximately $225 million. T. Rowe Price Investment Management, Inc. grew its position by 10,035,622 shares, totaling 20,071,245 shares worth about $161.8 million. First Trust Advisors LP added 2,646,694 shares, now holding 19,147,278 shares valued at around $154.3 million. Vanguard Capital Management LLC slightly increased its stake by 399,545 shares, ending with 17,116,925 shares worth about $138 million.
BlackBerry Limited Stock Down 1.3%
BlackBerry Limited's stock is currently trading at around $8.12, which is below its 50-day moving average of $8.39 and significantly below its 52-week high of $13.59. The stock is also 40.3% off its recent peak and 160.3% above its 52-week low of $3.12. The company has a market cap of approximately $5.1 billion and a P/E ratio of about 66.9, reflecting its valuation in the technology sector.
Recent Earnings
In its latest earnings report, BlackBerry reported trailing twelve-month revenue of $614 million, with a net margin of 13.1%. The company is set to announce its next earnings on December 17, 2026, which will provide further insight into its financial health and performance.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
Analyst view held steady after the report.
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EPS & revenue
EPS beat estimates by 38.9%. Revenue beat estimates by 10.8%.
- Profit surprise
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Pre-earnings setup
Expectations were about average going in.
- Analyst signal
- Earnings quality
Earnings Call Summary
BlackBerry delivered a strong second quarter with total revenue of $129.6 million, up 3 percent year over year, and all three divisions beat guidance. QNX revenue hit $63.1 million with 15 percent growth and 32 percent EBITDA margin, driven by royalties and new design wins including a mid-eight-figure ADAS deal in China. The company achieved positive cash flow of $3.4 million despite paying $19 million in back taxes, and management noted that the pause in automotive programs appears to be ending with more momentum expected in the second half of the year.
Guidance They raised full-year revenue to between $519 billion and $541 million, up from earlier guidance, driven by strength in QNX and Secure Communications. They expect third quarter revenue between $132 million and $140 million, with the company planning to generate $35 to $40 million in operating cash flow for the full year plus an additional $38 million from a prior sale.
Neutral report. Results and guidance were close to expectations, with limited evidence of a reset either way.
Insider Buying and Selling at BlackBerry Limited
On October 9, 2026, several insiders sold shares of BlackBerry. Tim Foote sold 8,441 shares for $70,567. Philip Simon Kurtz, another officer, sold 6,164 shares at $8.45, totaling $52,086. Additionally, Jennifer Armstrong-Owen sold 3,379 shares at the same price as Foote, worth $28,248. CEO John Joseph Giamatteo sold 27,004 shares for $225,753. All these transactions occurred on the same day, indicating a notable insider selling activity.
Analysts Set New Price Targets
On October 8, 2026, Amerx initiated coverage on BlackBerry with a Buy rating and a price target of $13.5. Earlier, RBC Capital maintained its Sector Perform rating with a $9 price target on September 21, 2026. Canaccord Genuity also maintained its Hold rating but adjusted its target to $9.5 on September 25, 2026. The consensus among analysts suggests a mean price target of $9.8 based on seven opinions.
About BlackBerry
BlackBerry Limited is a technology company that provides intelligent software and services to enterprises and governments globally. It operates through segments like Secure Communications, QNX, and Licensing, focusing on security and software solutions.
Bottom Line
Investors should monitor BlackBerry's upcoming earnings report on December 17, 2026, for insights into its financial performance. The recent insider selling may raise questions about confidence in the stock, especially as it trades below key moving averages and targets.
Related Filing Alerts
Source: Foote Tim's Form 4 filing on $BB (Oct 9, 2026). Find the original filing: BB Form 4 filings on SEC EDGAR. Written by software, not financial advice. How we make alerts