Marjorie Dickman, the Chief Government Affairs and Public Policy Officer at BlackBerry Ltd (NYSE:BB), recently executed a notable transaction involving the company's common shares. According to a recent SEC filing, Dickman sold 5,737 shares of BlackBerry at a weighted average price of $4.00 per share, totaling approximately $22,948. This sale was part of a transaction on January 6, 2025. The transaction comes as BlackBerry's stock trades near its 52-week high of $4.35, having gained an impressive 67% over the past six months.
The filing also indicates that the sale was conducted to cover withholding taxes upon the vesting of Restricted Share Units (RSUs). Following this transaction, Dickman holds 111,302 shares of BlackBerry.
In addition to the sale, Dickman acquired 15,388 common shares through the vesting of RSUs on the same day. These transactions reflect routine financial management practices by the executive.
In other recent news, BlackBerry Limited has been making notable strides in the tech industry. The company has recently announced a partnership with Microsoft (NASDAQ:MSFT) to expedite the development of Software-Defined Vehicles (SDVs). This collaboration aims to integrate the QNX Software (ETR:SOWGn) Development Platform (SDP) 8.0 with Microsoft Azure, providing a robust cloud environment for automotive and Internet of Things applications. BlackBerry has also rebranded its IoT division to QNX, a strategic move aimed at strengthening its position in the automotive and embedded software markets.
In terms of financial performance, BlackBerry's Q2 financial results for fiscal year 2025 exceeded expectations, reporting a total revenue of $145 million. However, the company reported a non-GAAP operating loss of $4 million. Looking ahead to Q3, BlackBerry expects IoT revenue of $56 to $60 million and Cyber revenue of $86 to $90 million.
Analysts from Baird, RBC Capital, and Canaccord Genuity have adjusted their financial outlooks for BlackBerry. Baird raised its price target to $3.50, RBC Capital increased the price target to $3.25, while Canaccord Genuity raised the price target to $3.00. These revisions reflect BlackBerry's recent sale of its cybersecurity unit, Cylance, to Arctic Wolf and the dismissal of a lawsuit filed by former executive Neelam Sandhu.
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