BlackBerry (TSE:BB) Insider John Joseph Giamatteo Sells 28,272 Shares

BlackBerry Limited (TSE:BB) (NASDAQ:BBRY) insider John Joseph Giamatteo sold 28,272 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of C$15.39, for a total value of C$435,106.08. Following the completion of the sale, the insider directly owned 937,246 shares in the company, valued at approximately C$14,424,215.94. The trade was a 2.93% decrease in their ownership of the stock.

BlackBerry Stock Down 2.4%

BlackBerry stock opened at C$15.73 on Wednesday. The company has a debt-to-equity ratio of 29.45, a current ratio of 2.20 and a quick ratio of 1.49. The stock has a market capitalization of C$9.22 billion, a PE ratio of 157.30, a price-to-earnings-growth ratio of 0.06 and a beta of 1.16. The business has a 50 day simple moving average of C$11.80 and a 200-day simple moving average of C$7.47. BlackBerry Limited has a 12 month low of C$4.35 and a 12 month high of C$18.45.

BlackBerry (TSE:BB) (NASDAQ:BBRY) last announced its earnings results on Thursday, June 25th. The company reported C$0.06 earnings per share (EPS) for the quarter. The firm had revenue of C$210.94 million for the quarter. BlackBerry had a return on equity of 8.10% and a net margin of 10.32%. On average, analysts anticipate that BlackBerry Limited will post 0.0551903 EPS for the current fiscal year.

More BlackBerry News

Here are the key news stories impacting BlackBerry this week:

• Negative Sentiment: BlackBerry insider selling was broad-based, including sales by John Joseph Giamatteo, Philip Simon Kurtz, Jennifer Mary Armstrong-Owen, and several transactions by Tim Foote. The filings showed a mix of relatively small and larger share disposals, with some insiders trimming positions by meaningful percentages. Insider Selling: BlackBerry (TSE:BB) Insider Sells 2,556 Shares
• Negative Sentiment: John Joseph Giamatteo sold 28,272 shares, and Philip Simon Kurtz sold 4,195 shares, adding to the perception that company insiders are reducing exposure after the stock’s recent strong run. Insider Selling: BlackBerry (TSE:BB) Insider Sells 28,272 Shares
• Neutral Sentiment: Tim Foote disclosed multiple sales at different prices, alongside Jennifer Mary Armstrong-Owen’s sale, but these appear to be routine insider transactions rather than a company-specific operational update. BlackBerry (TSE:BB) Insider Sells 16,597 Shares

Analyst Ratings Changes

Separately, Stifel Nicolaus set a C$12.00 target price on shares of BlackBerry and gave the stock a “buy” rating in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$12.00.

About BlackBerry

BlackBerry, once known for being the world’s largest smartphone manufacturer, is now exclusively a software provider with a stated goal of end-to-end secure communication for enterprises. The firm provides endpoint management and protection to enterprises, specializing in regulated industries like government, as well as embedded software to the automotive, medical, and industrial markets.