BlackBerry (BB) CLO & Corp. Secretary S. Sells $52K of Stock
Kurtz Philip S. sold 6,164 shares of BlackBerry Limited on October 9, 2026.
Reviewed by automated data checks against the source filing. How we make and check alerts
Kurtz Philip S., CLO & Corp. Secretary at BlackBerry Limited ($BB), sold 6,164 shares at an average price of $8.45, worth about $52,085.80, 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
- Kurtz Philip S., CLO & Corp. Secretary at BlackBerry Limited, sold 6,164 shares for $52,086 on October 9, 2026.
- The stock recently traded around $8.12, below its 50-day moving average of $8.39 and significantly lower than its 52-week high of $13.59.
- Several institutional investors, including Legal & General Group PLC and Voya Investment Management, hold substantial stakes in BlackBerry, with shares valued at over $306 million and $225 million, respectively.
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Not investment advice. EarningsIQ is not a registered investment adviser, and this automated BlackBerry Limited alert may contain errors. Disclosures
Kurtz Philip S., the Chief Legal Officer and Corporate Secretary at BlackBerry Limited, sold 6,164 shares on October 9, 2026, for a total value of about $52,086. This trade was not planned, and the selling price was $8.45 per share.
Other Institutional Activity in BlackBerry
Legal & General Group PLC holds 38,079,716 shares of BlackBerry, valued at approximately $306.9 million, having increased its position by 3,211,374 shares. Voya Investment Management LLC also reported 27,919,687 shares worth about $225 million after adding 2,255,851 shares. T. Rowe Price Investment Management, Inc. owns 20,071,245 shares, valued at about $161.8 million, with a significant increase of 10,035,622 shares. First Trust Advisors LP has 19,147,278 shares worth around $154.3 million, up by 2,646,694 shares, while Vanguard Capital Management LLC holds 17,116,925 shares valued at about $138 million, with a smaller increase of 399,545 shares.
BlackBerry Limited Stock Down 1.3%
BlackBerry recently traded around $8.12 as of October 16, 2026, which is below its 50-day moving average of $8.39. The shares are also significantly below their 52-week high of $13.59, down about 40.3%. However, they are above the 52-week low of $3.12, indicating a recovery of over 160% from that point.
Recent Earnings
For the trailing twelve months, BlackBerry reported revenue of $614 million and earnings per share (EPS) of $0.13. The company has shown a year-over-year revenue growth of 26.0%, and it has a net margin of 13.1%. BlackBerry's next earnings report is expected on December 17, 2026.
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 the same day as Kurtz's sale, several other insiders also sold shares. Tim Foote, the Chief Financial Officer, sold 8,441 shares at $8.36 for a total value of about $70,567. Additionally, Jennifer Armstrong-Owen, another officer, sold 3,379 shares at the same price, totaling roughly $28,248.
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. RBC Capital has maintained a Sector Perform rating with a price target of $9.0 since September 21, 2026. Canaccord Genuity also holds a Hold rating with a target of $9.5, down from a previous target of $10.3.
About BlackBerry
BlackBerry Limited, headquartered in Waterloo, Ontario, provides intelligent software and services to enterprises and governments worldwide. The company operates through three segments: Secure Communications, QNX, and Licensing. BlackBerry's focus on cybersecurity solutions and software for various industries continues to shape its business strategy.
Bottom Line
Investors should watch for BlackBerry's next earnings announcement on December 17, 2026, as well as any further insider trading activity. The recent sales by insiders could indicate their perspectives on the company's stock performance amid changing market conditions.
Related Filing Alerts
Source: Kurtz Philip S.'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