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Waterloo, Ontario—Tim Foote, the Chief Financial Officer of BlackBerry Ltd (NYSE:BB), recently executed transactions involving the company’s common shares, according to a filing with the Securities and Exchange Commission. The transaction comes as BlackBerry’s stock, currently trading at $3.14, has experienced a 14% decline over the past week. According to InvestingPro analysis, the stock’s RSI indicates oversold territory. On April 1, 2025, Foote sold a total of 2,080 shares at an average price of $3.35 per share, resulting in a total sale value of $6,968.
The sales were conducted to cover withholding taxes upon the vesting of Restricted Share Units (RSUs). Following these transactions, Foote’s direct ownership of BlackBerry shares stands at 16,061 shares.
In other recent news, BlackBerry Limited reported its fourth-quarter earnings, surpassing analyst estimates with adjusted earnings per share of $0.03 and revenue of $141.7 million. Despite this positive performance, the company’s guidance for fiscal year 2026 fell short of expectations, projecting revenue between $504 million and $534 million, below the consensus estimate of $550.6 million. RBC Capital Markets and Canaccord Genuity both revised their price targets for BlackBerry, with RBC lowering it to $3.75 and Canaccord to $4.25, while maintaining their respective ratings. RBC cited concerns about the company’s fiscal year 2026 guidance and external factors like tariffs impacting revenue streams, particularly in the QNX division. Canaccord noted BlackBerry’s improved outlook for 2025 but highlighted uncertainties in the IoT division’s growth prospects. BlackBerry’s QNX revenue grew 6% sequentially to $65.8 million, and Secure Communications revenue exceeded guidance at $67.3 million. The company also reported a significant cash position increase, attributed partly to improved operating cash flow and proceeds from the sale of its Cylance unit. Despite these developments, the weaker-than-expected guidance for the upcoming fiscal year has raised concerns among investors.
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