BlackBerry (NYSE:BB) CEO Sells $317,211.84 in Stock

BlackBerry Limited (NYSE:BB) CEO John Joseph Giamatteo sold 28,272 shares of the business’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $11.22, for a total value of $317,211.84. Following the sale, the chief executive officer owned 937,246 shares of the company’s stock, valued at approximately $10,515,900.12. This represents a 2.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

BlackBerry Stock Performance

Shares of BB traded down $0.14 during midday trading on Monday, reaching $11.37. 20,992,179 shares of the stock were exchanged, compared to its average volume of 20,122,301. The stock’s 50 day simple moving average is $8.22 and its 200 day simple moving average is $5.30. The company has a market cap of $6.66 billion, a P/E ratio of 126.35 and a beta of 2.20. BlackBerry Limited has a twelve month low of $3.12 and a twelve month high of $13.59. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.26.

BlackBerry (NYSE:BB) last announced its earnings results on Thursday, June 25th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. BlackBerry had a net margin of 10.31% and a return on equity of 11.66%. The firm had revenue of $152.90 million for the quarter, compared to analyst estimates of $136.10 million. During the same quarter in the prior year, the business posted $0.02 EPS. The business’s revenue was up 25.6% compared to the same quarter last year. BlackBerry has set its FY 2027 guidance at 0.160-0.200 EPS and its Q2 2027 guidance at 0.030-0.040 EPS. On average, sell-side analysts expect that BlackBerry Limited will post 0.13 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. First Trust Advisors LP raised its position in shares of BlackBerry by 34.4% during the fourth quarter. First Trust Advisors LP now owns 24,991,652 shares of the company’s stock worth $94,718,000 after purchasing an additional 6,399,502 shares during the period. Vanguard Group Inc. increased its holdings in BlackBerry by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 23,935,970 shares of the company’s stock worth $90,334,000 after purchasing an additional 142,924 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of 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 purchasing an additional 209,448 shares in the last quarter. Bank of America Corp DE boosted its holdings in BlackBerry by 21.3% during the 3rd quarter. Bank of America Corp DE now owns 5,584,564 shares of the company’s stock worth $27,253,000 after acquiring an additional 980,359 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of BlackBerry by 31.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,051,338 shares of the company’s stock worth $15,355,000 after acquiring an additional 972,738 shares in the last quarter. Institutional investors own 54.48% of the company’s stock.

Wall Street Analysts Forecast Growth

BB has been the subject of a number of research reports. Stifel Nicolaus began coverage on shares of BlackBerry in a report on Wednesday, June 24th. They issued a “buy” rating and a $12.00 target price for the company. Raymond James Financial lifted their price target on BlackBerry from $4.75 to $9.50 and gave the company a “market perform” rating in a research note on Friday, June 26th. Canaccord Genuity Group upped their price objective on BlackBerry from $8.20 to $10.30 and gave the company a “hold” rating in a research note on Friday, June 26th. TD Securities reiterated a “hold” rating and set a $8.00 target price on shares of BlackBerry in a research report on Friday, June 26th. Finally, Wall Street Zen upgraded BlackBerry from a “hold” rating to a “buy” rating in a report on Monday, June 8th. Two research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $8.92.

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.