BlackBerry (NYSE:BB) CEO John Joseph Giamatteo Sells 125,000 Shares

BlackBerry Limited (NYSE:BB) CEO John Joseph Giamatteo sold 125,000 shares of the firm’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $11.00, for a total value of $1,375,000.00. Following the completion of the sale, the chief executive officer directly owned 812,246 shares in the company, valued at approximately $8,934,706. This represents a 13.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

John Joseph Giamatteo also recently made the following trade(s):

• On Thursday, July 9th, John Joseph Giamatteo sold 152,012 shares of BlackBerry stock. The stock was sold at an average price of $11.35, for a total value of $1,725,336.20.
• On Thursday, July 2nd, John Joseph Giamatteo sold 28,272 shares of BlackBerry stock. The stock was sold at an average price of $11.22, for a total value of $317,211.84.

BlackBerry Price Performance

Shares of BB stock traded down $0.46 on Friday, hitting $10.97. 17,626,175 shares of the company’s stock were exchanged, compared to its average volume of 31,549,920. The company has a 50 day moving average of $8.81 and a 200 day moving average of $5.53. The stock has a market cap of $6.43 billion, a P/E ratio of 121.96 and a beta of 2.20. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.20 and a quick ratio of 2.20. BlackBerry Limited has a 12 month low of $3.12 and a 12 month high of $13.59.

BlackBerry (NYSE:BB) last released its earnings results on Thursday, June 25th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. The firm had revenue of $152.90 million for the quarter, compared to analysts’ expectations of $136.10 million. BlackBerry had a return on equity of 11.66% and a net margin of 10.31%.The business’s revenue for the quarter was up 25.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.02 earnings per share. 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, equities research analysts predict that BlackBerry Limited will post 0.13 EPS for the current year.

Analyst Ratings Changes

BB has been the subject of several research reports. Weiss Ratings downgraded shares of BlackBerry from a “hold (c)” rating to a “sell (d+)” rating in a research note on Tuesday. Royal Bank Of Canada boosted their target price on shares of BlackBerry from $4.50 to $9.00 and gave the stock a “sector perform” rating in a research note on Friday, June 26th. Raymond James Financial upped their price target on shares of BlackBerry from $4.75 to $9.50 and gave the stock a “market perform” rating in a report on Friday, June 26th. Canaccord Genuity Group raised their price objective on BlackBerry from $8.20 to $10.30 and gave the company a “hold” rating in a report on Friday, June 26th. Finally, Wall Street Zen upgraded BlackBerry from a “hold” rating to a “buy” rating in a research report on Monday, June 8th. Two analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $8.92.

Institutional Investors Weigh In On BlackBerry

A number of institutional investors have recently added to or reduced their stakes in BB. First Trust Advisors LP increased its position in BlackBerry by 34.4% in the 4th quarter. First Trust Advisors LP now owns 24,991,652 shares of the company’s stock valued at $94,718,000 after acquiring an additional 6,399,502 shares during the period. Vanguard Group Inc. lifted its holdings in shares of BlackBerry by 0.6% during the fourth 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 during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of BlackBerry by 1.3% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,799,334 shares of the company’s stock worth $77,116,000 after purchasing an additional 209,448 shares during the period. Bank of America Corp DE grew its stake in shares of BlackBerry by 21.3% in the third quarter. Bank of America Corp DE now owns 5,584,564 shares of the company’s stock worth $27,253,000 after purchasing an additional 980,359 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in BlackBerry by 31.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,051,338 shares of the company’s stock valued at $15,355,000 after purchasing an additional 972,738 shares during the period. 54.48% of the stock is owned by institutional investors.

BlackBerry Company Profile

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.