BB BlackBerry Limited
XNYS
9.19
Delayed
Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
BB
$9.19
—
Key stats
$9.19
Pre-market
$9.22
+0.33%
- 52-Week Range
- $3.12 – $13.59
- YTD
- +141.84%
- IV Rank (30D)
- 12.27
- Straddle Price
- $1.23
- P/C Vol Ratio
- 0.20
- Market Cap
- $5.2B
- Open
- $8.93
- Day Range
- $8.91 – $9.28
- Volume
- 10,957,094
- Prev Close
- $8.92
Fair Value
MODEL: SHORT
A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.
- DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
- Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
- DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
- P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
- Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
- Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
- Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
- Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
| 10-yr Treasury (rf) | 4.96% |
| Beta vs SPY | 1.35 |
| Cost of Equity (CAPM) | 12.38% (VRP-adj) |
| WACC | 12.31% |
| Volatility Risk Premium | +26.3pp (IV − HV30), ERP adj +50bps |
| Effective Tax Rate | 12.9% |
| Rev. Growth (YoY, DCF input) | +15.2% |
| DCF Horizon | 12 years explicit + fade |
| Forward Tilt (NTM/TTM) | ×1.10 (applied to P/E, EV/EBITDA, P/S) |
| Free Cash Flow (TTM) | $0.1B |
| Return on Equity (TTM) | 10.2% |
| Book / Price | 14.1% |
| Gross Margin (TTM) | 77.9% |
| FCF Margin (TTM) | 15.0% |
| Debt / Equity | 0.25 |
| Quality Score | 5/6 — high quality (12y DCF) |
| SMA 50 | $8.37 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $8.81 |
| Bollinger Width / SMA20 | 209.0% (drives anchor stability) |
| Net Debt | $-0.1B |
| Market Cap | $6B |
Peers used for multiples: CRWD, FTNT, OKTA, PANW, QLYS, RBRK, S, ZS
60-Day Conviction
38%
20-Day Fair Value
≈ by Nov 25, 2026
$9.27
α +0.9%
rank 74%
conviction
55%
40-Day Fair Value
≈ by Dec 24, 2026
$9.19
α +0.0%
rank 74%
conviction
0%
60-Day Fair Value
≈ by Jan 22, 2027
$9.09
α -1.1%
rank 74%
conviction
38%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | $3.43 | 32% | |
| DDM (Gordon) | n/a | 0% | |
| Peer P/E | $16.61 | 10% | median 125.8× · 5 peers |
| Peer EV/EBITDA | $26.95 | 10% | median 157.0× · 6 peers |
| Peer P/B | $17.33 | 10% | median 13.3× · 7 peers |
| Peer P/S | $16.49 | 10% | median 14.9× · 8 peers |
| Market Anchor (SMA50) | $8.37 | 0% | stability 0% (BB-width) |
| Options Expected (B-L 30d) | $9.35 | 29% | 18 strikes · skew +0.13 |
As of 2026-10-27 · updated
Related
About
- Industry (SIC)
- SERVICES-PREPACKAGED SOFTWARE (7372) · industry map
- Exchange
- XNYS
- Market Cap
- $5.2B
- Employees
- 1,749
- List Date
- 1999-02-04
- CIK
- 0001070235
- Next Earnings
- 2026-12-17 (After-Close)
- EPS Forecast
- $0.04 (2 est.)
- Headquarters
- Waterloo, A6
- Homepage
- https://www.blackberry.com
BlackBerry, once known as the world's largest smartphone manufacturer, is now exclusively a software provider with a stated goal of providing end-to-end secure communications for enterprises. The firm provides endpoint management and other secure communications software to enterprises, specializing in regulated industries like government and financial institutions. BlackBerry also has a sizable embedded software business primarily serving the automotive market, with some exposure to the industrial market.
Summary
—
composite
—
No summary data available for this symbol yet.
Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 114.29% | -12.17% | 28.40% | -18.66% | 16.23% | -6.05% | 20.34% |
| Feb | -31.31% | -15.50% | -13.59% | 0.36% | 9.28% | -4.78% | -9.26% |
| Mar | -22.73% | 10.03% | 19.06% | -0.72% | -14.12% | -4.71% | -2.20% |
| Apr | 2.67% | -15.26% | -13.69% | 3.33% | -8.85% | 60.71% | 4.82% |
| May | 16.96% | 3.24% | 37.89% | -1.76% | 17.51% | 66.05% | 23.31% |
| Jun | 5.71% | -5.93% | 2.98% | -11.11% | 13.37% | 30.14% | 5.86% |
| Jul | -16.52% | 12.48% | -2.67% | 0.00% | -14.98% | -34.27% | -9.33% |
| Aug | 12.97% | -2.62% | 9.66% | 2.17% | 6.09% | -4.34% | 3.99% |
| Sep | -16.70% | -18.40% | -15.89% | 15.93% | 29.10% | 15.45% | 1.58% |
| Oct | 11.34% | -3.12% | -18.64% | -7.00% | 1.88% | 0.11%* | -2.57% |
| Nov | -16.27% | 4.51% | 3.09% | 13.22% | -15.00% | -- | -2.09% |
| Dec | 5.29% | -35.83% | -8.05% | 47.66% | -4.77% | -- | 0.86% |
| Total | 11.33% | -60.97% | 12.09% | 34.67% | 27.20% | 115.14% | 23.24% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $8.81
SMA 50: $8.37
SMA 200: $6.76
Current: $9.19
EMA 12: $8.79
EMA 26: $8.67
MACD: 0.1177 | Signal: 0.0310
BULLISH
ADX (14): 15.42
RANGE
+DI: 26.18
−DI: 16.48
Momentum Oscillators
RSI (14): 55.54
NEUTRAL
Stoch %K: 55.58
Stoch %D: 56.59
Williams %R: -23.60
Volume & Volatility
BB Upper: $9.62
BB Lower: $8.00
NEUTRAL
OBV: 807,966,579
Vol SMA 20: 15,107,587
Vol ROC: 48.48%
ATR: $0.56
True Range: $0.37
HV 20: 79.8%
HV 30: 74.9%
HV 60: 63.2%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-28T00:00:00 – 2026-10-26T00:00:00
AI Analysis
BlackBerry (BB) Comprehensive Stock Analysis Report
Executive Summary
Overall Assessment: NEUTRAL with 5/10 Confidence
BlackBerry presents a conflicted technical setup with mixed directional signals and elevated risk metrics that warrant cautious positioning. While the stock trades above its 20/50-day moving averages suggesting near-term upward momentum, deteriorating momentum indicators (bearish MACD, declining volume), combined with high beta (1.75) and elevated implied volatility, suggest limited conviction for either direction.
Key Drivers:
- Recent price appreciation (+$0.23 above SMA 20) despite bearish momentum divergence
- High volatility regime (HV30: 52.2%, IV Premium: 139.8% above realized) creating asymmetric risk
- Weak trend strength (ADX: 16.18 indicates range-bound environment)
- Significant volume decline (-70.23% rate of change) suggesting weakening institutional support
Primary Risks:
- High beta exposure (1.75) amplifies downside in market corrections
- Stochastic indicators (76.77 %K) suggesting overbought conditions despite neutral RSI
- IV premium 139.8% above realized volatility indicates options expensive relative to realized moves
- Lack of earnings catalyst or fundamental drivers in headlines
Investment Thesis: BlackBerry is trapped in a range-bound consolidation with technical upside bias offset by deteriorating breadth and volume. The options market is pricing elevated moves ($2.73 expected) while implied volatility exceeds realized volatility by 40%, creating a risk/reward mismatch. Current setup favors mean reversion or sideways consolidation until trend strength improves.
Recent News Sentiment Impact: MUTED News headlines are generic and outdated (last substantive mention June 30, 2026). Three of five recent headlines reference competitor earnings or unrelated stocks (SAIL, IOT, ZIM), with only two BB-specific mentions noting price increases "despite market slip." This lack of company-specific catalysts suggests price action is driven by technicals/sector flows rather than fundamental developments. Data recency concern: September 14, 2026 headline is most recent, but its generic "Here's What You Need to Know" format suggests shallow coverage.
Technical Analysis
Trend Direction
| Timeframe | Direction | Confidence | Key Evidence | |-----------|-----------|-----------|--------------| | Short-term (1-4 weeks) | SLIGHTLY BULLISH | Medium | Price $8.61 > SMA20 $7.96 (+2.8%), price near upper Bollinger Band $8.68 | | Medium-term (1-3 months) | NEUTRAL/CONSOLIDATING | Low | ADX 16.18 indicates weak trend, price between SMA50 ($8.38) and SMA200 ($6.22) | | Long-term (3-12 months) | BULLISH | Low | SMA50 $8.38 > SMA200 $6.22 (+34.8% spread) = uptrend structure intact |
Interpretation: The stock exhibits an uptrend structure on the long-term chart (50MA > 200MA) but operates within a trading range on intermediate timeframes. Recent price action ($8.61) represents a test of resistance near the upper Bollinger Band ($8.68), creating a potential inflection point.
Support & Resistance Levels
| Level | Type | Distance | Significance | |-------|------|----------|--------------| | $8.68 | Resistance | +0.07 (+0.8%) | Upper Bollinger Band; recent high touchpoint | | $8.61 | Current | — | Trading at upper band edge suggests overbought test | | $8.38 | Support | -0.23 (-2.7%) | SMA 50; major intermediate support | | $7.96 | Support | -0.65 (-7.5%) | SMA 20; short-term support, middle Bollinger Band | | $7.25 | Support | -1.36 (-15.8%) | Lower Bollinger Band; strong floor, ~2 ATR below current | | $6.22 | Support | -2.39 (-27.8%) | SMA 200; long-term support, psychological level |
Critical Observation: Price clustering around the upper Bollinger Band with middle band ($7.96) serving as dynamic support creates a tight consolidation range of $7.96-$8.68 (3% range). The 17.84 Bollinger Band width indicates moderate volatility compression, which often precedes breakouts.
Momentum Signals
RSI (14): 58.99 — NEUTRAL
- Position in neutral zone (30-70) indicates no overbought or oversold condition
- RSI neither confirming nor denying price strength
- Lack of divergence between price and RSI suggests momentum is proportional to price action
- Signal Quality: Weak momentum confirmation; neutral RSI while price at upper band is mildly bearish (not confirming breakout strength)
MACD: -0.02 / Signal: 0.15 / Histogram: -0.17 — BEARISH
- Negative histogram (-0.17) indicates MACD line below signal line = bearish configuration
- MACD (-0.02) moving away from signal line (0.15) suggests momentum deterioration
- Recent crossover below zero line suggests loss of bullish momentum
- Critical Weakness: Despite price trading near highs, MACD momentum is declining—classic bearish divergence signal
- Implication: While price holds above moving averages, momentum indicators are rolling over
Stochastic %K: 76.77 / %D: 72.36 — OVERBOUGHT WARNING
- Both K (76.77) and D (72.36) exceed 70 threshold = overbought conditions
- K > D indicates upward momentum but at extremes suggesting reversal risk
- Williams %R: -34.66 (below -20 threshold indicates overbought) = confirms stochastic overbought signal
- Consensus: Multiple overbought oscillators despite neutral RSI suggests short-term pullback risk
Bollinger Bands: NEUTRAL SIGNAL
- Price $8.61 trading within bands (not touching extremes)
- Upper band $8.68 is within +0.07 (+0.8%) suggesting potential resistance but not extreme overbought
- Band width 17.84 indicates moderate volatility; neither squeeze nor expansion
- Position in upper half of bands (closer to $8.68 than $7.96) = slight overbought bias
Momentum Summary: Stochastic and Williams %R indicate overbought conditions, MACD shows bearish crossover and deteriorating momentum, yet RSI remains neutral. This creates a momentum divergence: price action shows strength (+2.8% above 20MA) but momentum indicators suggest overbought conditions with declining conviction. Classic setup for short-term pullback or consolidation before next directional move.
Volume Analysis
Volume SMA 20: 10,710,474 shares/day (baseline)
Volume Rate of Change: -70.23% — CRITICAL WEAKNESS
- Extraordinary volume decline indicating institutional interest has collapsed
- Current daily volume is ~30% of 20-day average = severe volume contraction
- Implication: Recent price moves ($8.61 level) achieved on dramatically reduced participation
- Pullback/reversal moves on low volume are more easily reversed than moves on high volume
On-Balance Volume (OBV): 722,199,255 — ACCUMULATION SIGNAL?
- OBV cumulative total suggests historical buying pressure
- Without trend in OBV, difficult to assess current momentum
- Concern: Volume contraction suggests OBV trend likely flattening or declining
Institutional Interest Assessment:
- High volume participation during uptroves typically 15M+ shares; current 30% of average suggests retail or algorithmic trading
- Low volume at resistance ($8.68 area) = weak breakout signal if tested
- Risk: Price breakout above $8.68 on this volume would be unreliable and prone to reversal
Volume Conclusion: The -70.23% volume rate of change is the most bearish technical signal on the chart. Price appreciation without volume backing creates vulnerability to sharp reversals.
News & Sentiment Analysis
Recent Headlines Summary
| Date | Source | Headline | Relevance | Sentiment | |------|-----
Generated
News
All BB news →
Earnings History
17 of 23 under expected move
Avg Expected Move
10.93%
Avg Actual Move
7.77%
| Earnings Date | Timing | Expected Move | Actual Move | Ratio | Outcome |
|---|---|---|---|---|---|
| 2021-03-30 | After-Close | 13.60% | 9.74% | 0.72x | Within |
| 2021-06-24 | After-Close | 10.57% | 4.42% | 0.42x | Within |
| 2021-09-22 | After-Close | 11.30% | 10.88% | 0.96x | Within |
| 2021-12-21 | After-Close | 13.84% | 1.73% | 0.12x | Within |
| 2022-03-31 | After-Close | 9.25% | 9.52% | 1.03x | Exceeded |
| 2022-06-23 | After-Close | 9.68% | 7.08% | 0.73x | Within |
| 2022-09-27 | After-Close | 9.82% | 1.96% | 0.20x | Within |
| 2022-12-20 | After-Close | 11.81% | 9.64% | 0.82x | Within |
| 2023-03-07 | After-Close | 6.00% | 3.43% | 0.57x | Within |
| 2023-06-28 | After-Close | 12.57% | 6.99% | 0.56x | Within |
| 2023-09-07 | After-Close | 4.49% | 2.56% | 0.57x | Within |
| 2023-12-20 | After-Close | 10.24% | 12.68% | 1.24x | Exceeded |
| 2024-04-03 | After-Close | 17.08% | 2.49% | 0.15x | Within |
| 2024-06-26 | After-Close | 13.57% | 10.86% | 0.80x | Within |
| 2024-09-26 | After-Close | 12.20% | 0.79% | 0.06x | Within |
| 2024-12-19 | After-Close | 12.08% | 23.83% | 1.97x | Exceeded |
| 2025-04-02 | Pre-Market | 15.28% | 9.12% | 0.60x | Within |
| 2025-06-24 | After-Close | 17.21% | 12.47% | 0.72x | Within |
| 2025-09-25 | Pre-Market | 13.82% | 8.90% | 0.64x | Within |
| 2025-12-18 | After-Close | 10.74% | 12.93% | 1.20x | Exceeded |
| 2026-04-09 | After-Close | 6.15% | 0.52% | 0.08x | Within |
| 2026-06-25 | After-Close | 5.75% | 10.25% | 1.78x | Exceeded |
| 2026-09-24 | After-Close | 4.41% | 5.96% | 1.35x | Exceeded |
Earnings calendar: this week’s reports with expected vs actual moves →
BB Options Activity & IV Rank
BB IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 59.0%
7-DTE IV: 70.1%
Expected Move: $1.23
7-DTE Move: $0.56
Days to Exp: 32 (2026-11-27)
Options Flow
Call Volume: 802
Put Volume: 157
P/C Volume: 0.196
BULLISH
Call OI: 3,853
Put OI: 1,089
P/C OI: 0.283
Total OI: 4,942
ATM Options Pricing
ATM Call: $0.76
ATM Put: $0.47
Call %: 8.3%
Put %: 5.1%
Chain Summary
Chain Volume: 37,519
Chain OI: 531,897
Last Updated: 10/26/2026
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Dealer Positioning
HIGH γ vs HISTORY
Estimated net dealer gamma is at the 97th percentile of this name's own daily history, near the high end of its range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
97%
vs own history
GEX tilt
+0.67
OI-weighted, today
Vanna tilt
+0.68
δ-sensitivity to IV
Charm tilt
-0.62
δ-decay vs time
Vanna tilt +0.68: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.62: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 64 ATM contracts, 151k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
1%
-12.3
pts
EXTREME
as of Oct 26 · ATM 72.7% / Wing 60.4%
30 DTE / 10d
—
—
pts
EXTREME
as of Oct 26 · ATM 56.2% / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)23.6LowOct 26
IV Rank (30 DTE)12.3LowOct 26
Straddle Price (30 DTE)$1.23Oct 26
Beta Analysis
Risk Metrics
Beta: 1.7998
Alpha: 62.08%
Correlation: 0.3586
R-Squared: 12.9%
Stock Volatility: 64.0%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
High volatility - stock moves more than market
High volatility - stock moves more than market
Beta & Alpha Over Time
Notable investors who own BB
4 of 37 tracked investors
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| Citadel Hedge fund Ken Griffin | $115.5M | #360 of 6285 | +258.9% | 13F | |
| Renaissance Technologies Hedge fund Jim Simons | $103.7M | #147 of 3138 | +131.1% | 13F | |
| Millennium Management Hedge fund Izzy Englander | $16.9M | #1227 of 3716 | -21.1% | 13F | |
| Rockefeller Capital Management Family office Rockefeller family | $132K | #2831 of 4729 | +11.2% | 13F |
Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions
BB Institutional Ownership (13F)
Latest filings — 2026-09-30
? 13F Guide
Diluted shares outstanding: 608,747,000 (as of 2026-08-31)
Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
27 filers$332.74M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $130.17M | 39.12% | 2026-06-30 |
| 2 | Jane Street Group, LLC Custodian | $68.34M | 20.54% | 2026-06-30 |
| 3 | Citadel Advisors LLC Custodian | $40.73M | 12.24% | 2026-06-30 |
| 4 | Citigroup Inc. Custodian | $29.00M | 8.71% | 2026-06-30 |
| 5 | Point72 Asset Management, L.P. | $13.74M | 4.13% | 2026-06-30 |
| 6 | SIG North Trading, ULC | $10.94M | 3.29% | 2026-06-30 |
| 7 | PEAK6 LLC | $7.94M | 2.39% | 2026-06-30 |
| 8 | NOMURA HOLDINGS INC | $4.06M | 1.22% | 2026-06-30 |
| 9 | TUDOR INVESTMENT CORP ET AL | $3.90M | 1.17% | 2026-06-30 |
| 10 | D. E. Shaw & Co., Inc. Custodian | $3.49M | 1.05% | 2026-06-30 |
| 11 | Walleye Trading LLC | $3.29M | 0.99% | 2026-06-30 |
| 12 | Caption Management, LLC | $2.85M | 0.86% | 2026-06-30 |
| 13 | Parallax Volatility Advisers, L.P. | $2.53M | 0.76% | 2026-06-30 |
| 14 | SYMMETRY PEAK MANAGEMENT LLC | $2.02M | 0.61% | 2026-06-30 |
| 15 | Walleye Capital LLC | $1.95M | 0.59% | 2026-06-30 |
| 16 | Wolverine Trading, LLC Custodian | $1.95M | 0.59% | 2025-09-30 |
| 17 | Verition Fund Management LLC | $1.43M | 0.43% | 2026-06-30 |
| 18 | Marex Group Ltd | $1.26M | 0.38% | 2026-06-30 |
| 19 | SIG BROKERAGE, LP | $1.01M | 0.30% | 2026-06-30 |
| 20 | Millennium Management LLC Custodian | $891.83K | 0.27% | 2026-06-30 |
| 21 | Shay Capital LLC | $632.50K | 0.19% | 2026-06-30 |
| 22 | Marshall Wace, LLP Custodian | $331.43K | 0.10% | 2026-06-30 |
| 23 | STG SECURITIES, LLC | $168.25K | 0.05% | 2026-06-30 |
| 24 | Advisory Services Network, LLC Custodian | $67.05K | 0.02% | 2026-06-30 |
| 25 | Sanctuary Advisors, LLC | $37.95K | 0.01% | 2026-06-30 |
16 filers$119.97M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Jane Street Group, LLC Custodian | $36.32M | 30.28% | 2026-06-30 |
| 2 | Citadel Advisors LLC Custodian | $27.45M | 22.88% | 2026-06-30 |
| 3 | Citigroup Inc. Custodian | $24.06M | 20.05% | 2026-06-30 |
| 4 | Susquehanna International Group, LLP Custodian | $18.59M | 15.50% | 2026-06-30 |
| 5 | Point72 Asset Management, L.P. | $3.20M | 2.67% | 2026-06-30 |
| 6 | NOMURA HOLDINGS INC | $2.61M | 2.18% | 2026-06-30 |
| 7 | SIG North Trading, ULC | $2.34M | 1.95% | 2026-06-30 |
| 8 | Walleye Trading LLC | $2.13M | 1.77% | 2026-06-30 |
| 9 | TUDOR INVESTMENT CORP ET AL | $1.15M | 0.96% | 2026-06-30 |
| 10 | Wolverine Trading, LLC Custodian | $653.00K | 0.54% | 2025-09-30 |
| 11 | Marshall Wace, LLP Custodian | $641.36K | 0.53% | 2026-06-30 |
| 12 | Balyasny Asset Management L.P. | $380.76K | 0.32% | 2026-06-30 |
| 13 | Walleye Capital LLC | $220.11K | 0.18% | 2026-06-30 |
| 14 | PEAK6 LLC | $122.70K | 0.10% | 2026-06-30 |
| 15 | Bank of Montreal Custodian | $66.86K | 0.06% | 2026-06-30 |
| 16 | WOLVERINE ASSET MANAGEMENT LLC | $27.83K | 0.02% | 2026-06-30 |
BB Insider Trading (Form 4)
Latest: 2026-10-22Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2026-10-22 | John Joseph Giamatteo | CEO & President, Secure Comm. | Sell (S) | −250,000 | $9.14 | -$2.28M | EDGAR |
| 2026-10-13 | John Joseph Giamatteo | CEO & President, Secure Comm. | Mixed | +34,078 | $8.36 | -$225.8K | EDGAR |
| 2026-10-13 | Jennifer Armstrong-Owen | Sr VP & Chief People Officer | Mixed | +4,257 | $8.36 | -$28.2K | EDGAR |
| 2026-10-13 | Philip S. Kurtz | CLO & Corp. Secretary | Mixed | +4,744 | $8.45 | -$52.1K | EDGAR |
| 2026-10-13 | Tim Foote | Chief Financial Officer | Mixed | +10,647 | $8.36 | -$70.6K | EDGAR |
| 2026-10-05 | Tim Foote | Chief Financial Officer | Mixed | +4,106 | $9.20 | -$30.1K | EDGAR |
| 2026-10-05 | Philip S. Kurtz | CLO & Corp. Secretary | Mixed | +3,207 | $9.18 | -$38.3K | EDGAR |
| 2026-10-05 | John Christopher Wall | President, QNX | Mixed | +2,672 | $9.18 | -$31.9K | EDGAR |
| 2026-10-05 | John Joseph Giamatteo | CEO & President, Secure Comm. | Mixed | +37,100 | $9.20 | -$269.3K | EDGAR |
| 2026-10-05 | Jennifer Armstrong-Owen | Sr VP & Chief People Officer | Mixed | +3,556 | $9.20 | -$23.8K | EDGAR |
| 2026-10-02 | Tim Foote | Chief Financial Officer | Sell (S) | −16,672 | $9.14 | -$152.4K | EDGAR |
| 2026-10-02 | Philip S. Kurtz | CLO & Corp. Secretary | Sell (S) | −30,000 | $9.14 | -$274.2K | EDGAR |
| 2026-09-01 | Barry Mainz | Director | Grant (A) | +9,433 RSU | — | EDGAR | |
| 2026-09-01 | Philip G Brace | Director | Grant (A) | +9,663 RSU | — | EDGAR | |
| 2026-09-01 | Wayne Wouters | Director | Grant (A) | +9,663 RSU | — | EDGAR |
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.
BB Insider Holdings
8 insiders · @ $9.19
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
| # | Insider | Role | Shares | Disclosed Exposure | Lifetime OM Net | Filings | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | John Joseph Giamatteo | CEO & President, Secure Comm. | 641,494 | $5.90M | -$8.89M | 24 | 2026-10-22 |
| 2 | Mattias Eriksson | President of IoT | 291,340 | $2.68M | -$528.0K | 19 | 2025-10-06 |
| 3 | Jennifer Armstrong-Owen | Sr VP & Chief People Officer | 117,283 | $1.08M | -$358.3K | 14 | 2026-10-13 |
| 4 | Marjorie Dickman | Chief Gv Aff & Pub Pol Officer | 117,039 | $1.08M | -$902.8K | 20 | 2025-01-08 |
| 5 | Philip S. Kurtz | CLO & Corp. Secretary | 79,273 | $728.5K | -$1.41M | 29 | 2026-10-13 |
| 6 | Tim Foote | Chief Financial Officer | 71,616 | $658.2K | -$875.9K | 20 | 2026-10-13 |
| 7 | Philip G Brace | Director | 35,000 | $321.6K | $97.7K | 12 | 2026-09-01 |
| 8 | John Christopher Wall | President, QNX | 17,398 | $159.9K | -$31.9K | 1 | 2026-10-05 |
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
BB Board & Officers
As of SEC filings through Oct 22, 2026Directors 8
- Lisa S Disbrow · since Mar 1, 2020
- Richard J. Lynch · since Mar 1, 2020
- Wayne Wouters · since Mar 1, 2020
- John Joseph Giamatteo · listed since Jan 2024
- Philip G Brace · since Feb 8, 2024
- Lori O'Neill · since Jun 25, 2024
- Lisa Bahash · since Sep 26, 2024
- Barry Mainz · since Aug 23, 2025
Officers 5
- John Joseph Giamatteo · CEO & President, Secure Comm. · listed since Jan 2026
- John Christopher Wall · President, QNX · since Sep 23, 2026
- Tim Foote · Chief Financial Officer · since Jul 29, 2024
- Jennifer Armstrong-Owen · Sr VP & Chief People Officer · since Jan 29, 2024
- Philip S. Kurtz · CLO & Corp. Secretary · since Jul 16, 2022
Changes in the last 10 years (64)
| Sep 23, 2026 | John Christopher Wall became President, QNX |
| Jan 8, 2026 | John Joseph Giamatteo listed as CEO & President, Secure Comm. (previously CEO & President, Cybersecurity) in SEC filings |
| Nov 17, 2025 | The company announced the departure of Mattias Eriksson as President of IoT in an SEC filing |
| Aug 23, 2025 | Barry Mainz became a director |
| Feb 28, 2025 | The company announced the departure of Marjorie Dickman as Chief Gv Aff & Pub Pol Officer in an SEC filing |
| Jan 15, 2025 | The company announced the departure of Jay P. Chai as SVP & Chief Accounting Officer in an SEC filing |
| Sep 26, 2024 | Lisa Bahash became a director |
| Jul 29, 2024 | Tim Foote became Chief Financial Officer |
| Jul 29, 2024 | Jay P. Chai became SVP & Chief Accounting Officer |
| Jul 26, 2024 | The company announced the departure of Steve Rai as Chief Financial Officer in an SEC filing |
| Jul 2, 2024 | Mattias Eriksson first listed as President of IoT in an SEC filing |
| Jun 25, 2024 | Lori O'Neill became a director |
| May 1, 2024 | The company announced the departure of Alsup Laurie Smaldone from the board in an SEC filing |
| Feb 20, 2024 | V Prem Et Al Watsa reported in an SEC filing no longer being a director |
| Feb 20, 2024 | V Prem Et Al Watsa reported in an SEC filing no longer being a 10% owner |
| Feb 20, 2024 | Sixty Two Investment Co Ltd reported in an SEC filing no longer being a director |
| Feb 20, 2024 | Sixty Two Investment Co Ltd reported in an SEC filing no longer being a 10% owner |
| Feb 20, 2024 | Second 1109 Holdco Ltd. reported in an SEC filing no longer being a director |
| Feb 20, 2024 | Second 1109 Holdco Ltd. reported in an SEC filing no longer being a 10% owner |
| Feb 20, 2024 | Ffhl Group Ltd reported in an SEC filing no longer being a director |
| Feb 20, 2024 | Ffhl Group Ltd reported in an SEC filing no longer being a 10% owner |
| Feb 20, 2024 | Fairfax Financial Holdings Ltd/ Can reported in an SEC filing no longer being a director |
| Feb 20, 2024 | Fairfax Financial Holdings Ltd/ Can reported in an SEC filing no longer being a 10% owner |
| Feb 8, 2024 | Philip G Brace became a director |
| Jan 29, 2024 | Jennifer Armstrong-Owen became Sr VP & Chief People Officer |
| Jan 4, 2024 | John Joseph Giamatteo listed as CEO & President, Cybersecurity (previously President of Cyber Security) in SEC filings |
| Jan 4, 2024 | John Joseph Giamatteo first listed as a director in an SEC filing |
| Oct 30, 2023 | The company announced the departure of John S Chen as Executive Chairman & CEO in an SEC filing |
| Sep 27, 2023 | The company announced the departure of Timothy D Dattels from the board in an SEC filing |
| Jun 29, 2023 | Mattias Eriksson reported in an SEC filing no longer being President of IoT |
| Jul 16, 2022 | Philip S. Kurtz became CLO & Corp. Secretary |
| Apr 22, 2022 | The company announced the departure of Barbara Stymiest from the board in an SEC filing |
| Oct 4, 2021 | John Joseph Giamatteo became President of Cyber Security |
| Sep 28, 2021 | Nita C White-Ivy listed as Chief Human Resources Officer (previously EVP, Human Resources) in SEC filings |
| Jul 27, 2021 | Thomas Eacobacci listed as President and COO, BlackBerry (previously President, BlackBerry) in SEC filings |
| May 3, 2021 | Mattias Eriksson became President of IoT |
| Jun 15, 2020 | Thomas Eacobacci became President, BlackBerry |
| Mar 31, 2020 | Marjorie Dickman became Chief Gv Aff & Pub Pol Officer |
| Mar 31, 2020 | David Castignola became Head of Spark Field Ops & Mktg |
| Mar 1, 2020 | Wayne Wouters became a director |
| Mar 1, 2020 | V Prem Et Al Watsa became a director |
| Mar 1, 2020 | V Prem Et Al Watsa became a 10% owner |
| Mar 1, 2020 | Timothy D Dattels became a director |
| Mar 1, 2020 | Steven M Capelli became Chief Revenue Officer |
| Mar 1, 2020 | Steve Rai became Chief Financial Officer |
| Mar 1, 2020 | Sixty Two Investment Co Ltd became a director |
| Mar 1, 2020 | Sixty Two Investment Co Ltd became a 10% owner |
| Mar 1, 2020 | Second 1109 Holdco Ltd. became a director |
| Mar 1, 2020 | Second 1109 Holdco Ltd. became a 10% owner |
| Mar 1, 2020 | Richard J. Lynch became a director |
| Mar 1, 2020 | Randall Cook became CLO & Corp. Secretary |
| Mar 1, 2020 | Nita C White-Ivy became EVP, Human Resources |
| Mar 1, 2020 | Michael A Daniels became a director |
| Mar 1, 2020 | Mark George Wilson became Chief Marketing Officer |
| Mar 1, 2020 | Lisa S Disbrow became a director |
| Mar 1, 2020 | John S Chen became a director |
| Mar 1, 2020 | John S Chen became Executive Chairman & CEO |
| Mar 1, 2020 | Ffhl Group Ltd became a director |
| Mar 1, 2020 | Ffhl Group Ltd became a 10% owner |
| Mar 1, 2020 | Fairfax Financial Holdings Ltd/ Can became a director |
| Mar 1, 2020 | Fairfax Financial Holdings Ltd/ Can became a 10% owner |
| Mar 1, 2020 | Billy Ho became EVP, Ent. Products & VAS |
| Mar 1, 2020 | Barbara Stymiest became a director |
| Mar 1, 2020 | Alsup Laurie Smaldone became a director |
Not reported recently (9)
- Michael A Daniels · Last reported as a director in an SEC filing dated Mar 3, 2025
- Nita C White-Ivy · Last reported as Chief Human Resources Officer in an SEC filing dated Jan 2, 2024
- John S Chen · Last reported as a director in an SEC filing dated Nov 7, 2023
- Mark George Wilson · Last reported as Chief Marketing Officer in an SEC filing dated Apr 17, 2023
- Billy Ho · Last reported as EVP, Ent. Products & VAS in an SEC filing dated Jan 10, 2023
- Randall Cook · Last reported as CLO & Corp. Secretary in an SEC filing dated Apr 6, 2022
- Thomas Eacobacci · Last reported as President and COO, BlackBerry in an SEC filing dated Oct 7, 2021
- Steven M Capelli · Last reported as Chief Revenue Officer in an SEC filing dated Oct 5, 2020
- David Castignola · Last reported as Head of Spark Field Ops & Mktg in an SEC filing dated Jul 2, 2020
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.
BB Proposed Insider Sales (Form 144)
Latest: 2026-10-22
? Form 144 Guide
Last 30d:
3 filings
· $2.4M notice value
· Last 90d:
3 filings
· $2.4M notice value
· 2 unique filers
What is Form 144? A notice of intent to sell restricted or control stock under Rule 144. Affiliates (officers, directors, 10%+ owners) and holders of restricted shares must file Form 144 when planning to sell more than 5,000 shares or $50,000 in any 3-month rolling window.
How it relates to Form 4: Form 144 is filed before the trade (up to 90 days in advance); Form 4 is filed within 2 business days after the trade executes. Not every Form 144 results in a sale — the filer may cancel or delay. Look for the corresponding Form 4 on the Insider Activity card to confirm a sale actually happened.
10b5-1 plans: Trades made under a pre-scheduled Rule 10b5-1 plan are not discretionary — they execute automatically on dates set months earlier, regardless of news. High 10b5-1 percentages mean less per-filing signal value, though cumulative selling volume still matters.
"Notice value": Aggregate market value the filer wrote into the Form 144 — i.e. the size of the planned sale, not necessarily the executed dollars. An amended notice (Form 144/A) replaces the original it amends, and cancelled notices are dropped, so neither is double-counted above. A filed value that is clearly inconsistent with the share count at the stock's price (a filer typo) shows as a dash and is left out of the totals.
Source & freshness: Sourced from public Form 144 filings. Refreshed daily; new filings typically appear here the morning after they are filed.
Top 90-day filers:
JOHN J GIAMATTEO (2, $2.3M) · TIM FOOTE (1, $152K)
| Filed | Filer | Role | Shares | Notice Value | Planned Sale | Broker | Plan | Link |
|---|---|---|---|---|---|---|---|---|
| 2026-10-22 | JOHN J GIAMATTEO | Officer, Director | 99,000 | $865.4K | 2026-10-22 | Morgan Stanley Smith Barney LLC … | — | EDGAR |
| 2026-10-21 | JOHN J GIAMATTEO | Officer, Director, CEO | 151,000 | $1.42M | 2026-10-21 | Morgan Stanley Smith Barney LLC … | — | EDGAR |
| 2026-10-01 | TIM FOOTE | Officer | 16,672 | $152.4K | 2026-10-01 | Morgan Stanley Smith Barney LLC … | — | EDGAR |
| 2026-07-09 | JOHN J GIAMATTEO | Officer, Director, CEO | 125,000 | $1.43M | 2026-07-09 | Morgan Stanley Smith Barney LLC … | — | EDGAR |
| 2026-07-08 | JOHN J GIAMATTEO | Officer, Director, CEO | 125,000 | $1.38M | 2026-07-08 | Morgan Stanley Smith Barney LLC … | — | EDGAR |
| 2026-07-02 | TIM FOOTE | Officer | 22,812 | $286.4K | 2026-07-02 | Morgan Stanley Smith Barney LLC … | — | EDGAR |
Notice value is the aggregate market value the filer states they intend to sell — not a confirmed transaction. Compare to Insider Activity (Form 4) to see which planned sales actually executed. Market-wide feed: Planned sales (Form 144).
ETF Holders
42 ETFs hold BB
25 shown · $476.87M total exposure · 0.08% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | CIBR First Trust Nasdaq Cybersecurity ETF | First Trust | 0.89% | $162.5M | $18.4B | 2026-10-23 |
| 2 | VXUS Vanguard Total International Stock ETF | Vanguard | 0.01% | $78.1M | — | 2026-09-30 |
| 3 | VEA Vanguard FTSE Developed Markets ETF | Vanguard | 0.02% | $51.8M | — | 2026-09-30 |
| 4 | IHAK iShares Cybersecurity and Tech ETF | iShares (BlackRock) | 2.96% | $37.7M | $1.3B | 2026-10-23 |
| 5 | IGV iShares Expanded Tech-Software Sector ETF | iShares (BlackRock) | 0.17% | $24.8M | $14.3B | 2026-10-23 |
| 6 | VSS Vanguard FTSE All-World EX-US Small-Cap Index Fund | Vanguard | 0.13% | $19.5M | — | 2026-09-30 |
| 7 | IEFA iShares Core MSCI EAFE ETF | iShares (BlackRock) | 0.01% | $12.6M | $189.0B | 2026-10-23 |
| 8 | SCHC Schwab International Small-Cap Equity ETF | Nport | 0.20% | $11.0M | — | 2026-05-31 |
| 9 | DFIS Dimensional International Small Cap ETF | Dimensional | 0.18% | $10.5M | $5.7B | 2026-10-23 |
| 10 | CPAI Counterpoint Quantitative Equity ETF | Nport | 2.16% | $8.0M | — | 2026-06-30 |
| 11 | LOUP Innovator Deepwater Frontier Tech ETF | Innovator | 3.74% | $7.3M | $196.3M | 2026-10-26 |
| 12 | SPDW State Street® SPDR® Portfolio Developed World ex-US ETF | SPDR (State Street) | 0.02% | $7.1M | $40.7B | 2026-10-23 |
| 13 | IXUS iShares Core MSCI Total International Stock ETF | iShares (BlackRock) | 0.01% | $6.9M | $57.1B | 2026-10-23 |
| 14 | IDEV iShares Core MSCI International Developed Markets ETF | iShares (BlackRock) | 0.02% | $5.3M | $33.7B | 2026-10-23 |
| 15 | SCZ iShares MSCI EAFE Small-Cap ETF | iShares (BlackRock) | 0.04% | $4.9M | $12.8B | 2026-10-23 |
| 16 | VT Vanguard Total World Stock ETF | Vanguard | 0.00% | $4.5M | — | 2026-09-30 |
| 17 | KOMP State Street® SPDR® S&P Kensho New Economies Composite ETF | SPDR (State Street) | 0.17% | $4.2M | $2.5B | 2026-10-23 |
| 18 | TMAT Main Thematic Innovation ETF | Nport | 1.54% | $3.6M | — | 2026-07-31 |
| 19 | DRIV Global X Autonomous & Electric Vehicles ETF | Global X | 1.15% | $3.6M | — | 2026-10-26 |
| 20 | VGK Vanguard FTSE Europe ETF | Vanguard | 0.01% | $3.0M | — | 2026-09-30 |
| 21 | TMSL T. Rowe Price Small-Mid Cap ETF | Nport | 0.10% | $2.7M | — | 2026-06-30 |
| 22 | IGM iShares Expanded Tech Sector ETF | iShares (BlackRock) | 0.02% | $2.6M | $10.9B | 2026-10-23 |
| 23 | FITE State Street® SPDR® S&P Kensho Future Security ETF | SPDR (State Street) | 1.33% | $2.0M | $153.3M | 2026-10-23 |
| 24 | SNSR Global X Internet of Things ETF | Global X | 0.65% | $1.3M | — | 2026-10-26 |
| 25 | ISCF iShares International Small-Cap Equity Factor ETF | iShares (BlackRock) | 0.17% | $1.2M | $699.5M | 2026-10-23 |
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.
Trailing P/E
—
TTM Diluted EPS
$0.12
TTM Revenue
$614.00M
TTM Net Income
$80.40M
TTM Op. Cash Flow
$98.30M
Quarterly figures (12 quarters)
| Quarter | Period End | Revenue | Net Income | Diluted EPS | Op. Cash Flow |
|---|---|---|---|---|---|
| Q2 '27 | 2026-08-31 | $163.30M | $33.90M | $0.05 | $29.30M |
| Q1 '27 | 2026-05-31 | $152.90M | $8.50M | $0.01 | $4.60M |
| Q4 '26 | 2026-02-28 | $156.00M | $24.30M | $0.04 | $46.10M |
| Q3 '26 | 2025-11-30 | $141.80M | $13.70M | $0.02 | $18.30M |
| Q2 '26 | 2025-08-31 | $129.60M | $13.30M | $0.02 | $3.90M |
| Q1 '26 | 2025-05-31 | $121.70M | $1.90M | — | $-18.00M |
| Q4 '25 | 2025-02-28 | $141.70M | $-7.40M | $-0.01 | $41.60M |
| Q3 '25 | 2024-11-30 | $143.60M | $-10.50M | $-0.02 | $6.00M |
| Q2 '25 | 2024-08-31 | $126.20M | $-19.70M | $-0.03 | $-16.00M |
| Q1 '25 | 2024-05-31 | $123.40M | $-41.40M | $-0.07 | $-15.10M |
| Q4 '24 | 2024-02-29 | $153.10M | $-56.20M | $-0.09 | $-15.50M |
| Q3 '24 | 2023-11-30 | $152.00M | $-21.00M | $-0.05 | $-31.00M |
Q2 2027 • period ending 2026-08-31 • filed 2026-09-24
Valuation
Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.
Price Multiples
- P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
- P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
- P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
- EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
- EV/Sales — like P/S but accounts for debt + cash. Compare within sector.
Profitability & Yields
- ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
- ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
- Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
- FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.
Balance Sheet
- Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
- Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.
Reading the history chart
- Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
- Multiples expanding while earnings are flat = sentiment-driven rally.
- Multiples compressing while earnings grow = value coming from fundamentals.
P/E
76.58
P/B
7.07
P/S
9.11
EV/EBITDA
58.41
EV/Sales
9.00
ROE
10.2%
ROA
6.4%
Div Yield
0.00%
FCF Yield
1.76%
Debt/Equity
0.25
Current Ratio
—
Market Cap
$5.59B
as of 2026-10-26
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
40.00M
SI % of Float
7.25%
Days to Cover
1.66
Short Vol Ratio
43.1%
Free Float
551.96M
Float %
94.0%
Short interest 2026-09-30 • Short volume 2026-10-26 • Float 2026-10-02