BlackBerry (NYSE:BB) CEO John Joseph Giamatteo Sells 152,012 Shares of Stock

BlackBerry Limited (NYSE:BB) CEO John Joseph Giamatteo sold 152,012 shares of the firm’s stock in a transaction that occurred on Thursday, July 9th. The shares were sold at an average price of $11.35, for a total value of $1,725,336.20. Following the sale, the chief executive officer owned 687,246 shares of the company’s stock, valued at approximately $7,800,242.10. This trade represents a 18.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Wednesday, July 8th, John Joseph Giamatteo sold 125,000 shares of BlackBerry stock. The stock was sold at an average price of $11.00, for a total value of $1,375,000.00.
• On Thursday, July 2nd, John Joseph Giamatteo sold 28,272 shares of BlackBerry stock. The shares were sold at an average price of $11.22, for a total value of $317,211.84.

BlackBerry Stock Down 4.0%

Shares of BB traded down $0.46 during trading on Friday, reaching $10.97. The company’s stock had a trading volume of 17,606,601 shares, compared to its average volume of 20,262,213. The company has a market cap of $6.43 billion, a price-to-earnings ratio of 121.96 and a beta of 2.20. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.26. The company has a fifty day moving average of $8.70 and a two-hundred day moving average of $5.50. BlackBerry Limited has a twelve month low of $3.12 and a twelve month high of $13.59.

BlackBerry (NYSE:BB) last released its quarterly earnings results on Thursday, June 25th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. The business had revenue of $152.90 million during the quarter, compared to the consensus estimate of $136.10 million. BlackBerry had a net margin of 10.31% and a return on equity of 11.66%. The business’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same quarter last year, the company earned $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, sell-side analysts predict that BlackBerry Limited will post 0.13 EPS for the current fiscal year.

Hedge Funds Weigh In On BlackBerry

Institutional investors have recently made changes to their positions in the stock. Elevation Wealth Partners LLC acquired a new stake in shares of BlackBerry during the 2nd quarter worth approximately $32,000. CoreCap Advisors LLC acquired a new position in BlackBerry during the 2nd quarter valued at approximately $31,000. Amundi grew its stake in BlackBerry by 52.7% during the 1st quarter. Amundi now owns 116,430 shares of the company’s stock worth $377,000 after buying an additional 40,184 shares during the last quarter. Renaissance Technologies LLC grew its stake in BlackBerry by 139.2% during the 1st quarter. Renaissance Technologies LLC now owns 3,545,543 shares of the company’s stock worth $11,488,000 after buying an additional 2,063,153 shares during the last quarter. Finally, Wealthfront Advisers LLC bought a new position in BlackBerry during the 1st quarter worth $34,000. 54.48% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

BB has been the subject of several recent analyst reports. Wall Street Zen raised shares of BlackBerry from a “hold” rating to a “buy” rating in a report on Monday, June 8th. TD Securities restated a “hold” rating and issued a $8.00 target price on shares of BlackBerry in a research note on Friday, June 26th. Royal Bank Of Canada increased their price target on shares of BlackBerry from $4.50 to $9.00 and gave the stock a “sector perform” rating in a research report on Friday, June 26th. Canadian Imperial Bank of Commerce lifted their price target on BlackBerry from $10.00 to $13.00 and gave the stock an “outperformer” rating in a research note on Friday, June 26th. Finally, Raymond James Financial lifted their price target on BlackBerry from $4.75 to $9.50 and gave the stock a “market perform” rating in a research note on Friday, June 26th. Two investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $8.92.

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.