BlackBerry (NYSE:BB) CEO Sells $96,354.96 in Stock

BlackBerry Limited (NYSE:BB) CEO John Joseph Giamatteo sold 27,066 shares of the company’s stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $3.56, for a total transaction of $96,354.96. Following the transaction, the chief executive officer owned 899,146 shares in the company, valued at approximately $3,200,959.76. This trade represents a 2.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

BlackBerry Stock Down 1.8%

Shares of BB traded down $0.07 during mid-day trading on Tuesday, hitting $3.49. 9,706,857 shares of the company traded hands, compared to its average volume of 7,478,344. BlackBerry Limited has a 1-year low of $2.81 and a 1-year high of $5.32. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $2.05 billion, a PE ratio of 116.21 and a beta of 1.70. The business has a 50 day moving average of $3.42 and a 200 day moving average of $3.99.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on BB. Wall Street Zen downgraded shares of BlackBerry from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Canaccord Genuity Group restated a “hold” rating and set a $4.60 price objective on shares of BlackBerry in a report on Friday, December 19th. TD Securities upgraded shares of BlackBerry to a “hold” rating in a report on Monday, December 22nd. Weiss Ratings reiterated a “sell (d+)” rating on shares of BlackBerry in a research report on Wednesday, March 25th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $4.50 target price on shares of BlackBerry in a research report on Friday, December 19th. One equities research analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, BlackBerry presently has an average rating of “Hold” and a consensus target price of $4.92.

Institutional Investors Weigh In On BlackBerry

A number of large investors have recently bought and sold shares of the company. First Trust Advisors LP boosted its position in BlackBerry by 34.4% in the fourth quarter. First Trust Advisors LP now owns 24,991,652 shares of the company’s stock valued at $94,718,000 after buying an additional 6,399,502 shares during the last quarter. Vanguard Group Inc. boosted its position in BlackBerry by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 23,935,970 shares of the company’s stock valued at $90,334,000 after buying an additional 142,924 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in BlackBerry by 1.3% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,799,334 shares of the company’s stock valued at $77,116,000 after buying an additional 209,448 shares during the last quarter. Hood River Capital Management LLC purchased a new stake in BlackBerry in the second quarter valued at approximately $52,441,000. Finally, Bank of America Corp DE boosted its position in BlackBerry by 21.3% in the third quarter. Bank of America Corp DE now owns 5,584,564 shares of the company’s stock valued at $27,253,000 after buying an additional 980,359 shares during the last quarter. Hedge funds and other institutional investors own 54.48% of the company’s stock.

About BlackBerry

BlackBerry Limited, formerly known as Research In Motion (RIM), is a Canadian enterprise software and cybersecurity company based in Waterloo, Ontario. Since its founding in 1984, the firm has evolved from a pioneer in mobile devices into a specialist in secure communications, endpoint management, and embedded systems software. BlackBerry’s core mission today centers on delivering security-first solutions that protect critical data and infrastructure across diverse industries.

At the heart of BlackBerry’s offerings is the BlackBerry Spark® platform, which combines unified endpoint management (UEM), secure communications, and artificial intelligence–driven threat detection into a single framework.