BlackBerry (NYSE:BB) CEO John Joseph Giamatteo Sells 231,765 Shares

BlackBerry Limited (NYSE:BB) CEO John Joseph Giamatteo sold 231,765 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $3.82, for a total value of $885,342.30. Following the sale, the chief executive officer owned 599,251 shares of the company’s stock, valued at $2,289,138.82. This trade represents a 27.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

BlackBerry Stock Performance

Shares of BB opened at $3.93 on Wednesday. The stock has a market capitalization of $2.32 billion, a P/E ratio of 130.88 and a beta of 1.40. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.14 and a current ratio of 2.14. BlackBerry Limited has a 1 year low of $2.80 and a 1 year high of $6.24. The company’s fifty day moving average is $4.24 and its two-hundred day moving average is $4.19.

BlackBerry (NYSE:BB) last released its earnings results on Thursday, December 18th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.04 by $0.01. BlackBerry had a net margin of 4.02% and a return on equity of 8.05%. The company had revenue of $141.80 million during the quarter, compared to analysts’ expectations of $137.54 million. During the same quarter last year, the business earned $0.02 EPS. The business’s revenue was down 1.3% on a year-over-year basis. BlackBerry has set its FY 2026 guidance at 0.140-0.160 EPS and its Q4 2026 guidance at 0.030-0.050 EPS. On average, sell-side analysts predict that BlackBerry Limited will post -0.03 earnings per share for the current year.

Institutional Investors Weigh In On BlackBerry

Several institutional investors and hedge funds have recently made changes to their positions in the business. Delos Wealth Advisors LLC purchased a new position in BlackBerry during the 3rd quarter valued at about $34,000. CI Investments Inc. lifted its holdings in shares of BlackBerry by 48.4% in the third quarter. CI Investments Inc. now owns 8,414 shares of the company’s stock valued at $41,000 after purchasing an additional 2,745 shares in the last quarter. NewEdge Advisors LLC grew its position in shares of BlackBerry by 2,349.1% in the third quarter. NewEdge Advisors LLC now owns 11,682 shares of the company’s stock valued at $57,000 after purchasing an additional 11,205 shares during the last quarter. LeConte Wealth Management LLC purchased a new position in shares of BlackBerry during the 2nd quarter worth approximately $61,000. Finally, Benjamin Edwards Inc. raised its position in shares of BlackBerry by 31.5% during the 2nd quarter. Benjamin Edwards Inc. now owns 14,600 shares of the company’s stock worth $67,000 after purchasing an additional 3,500 shares during the last quarter. 54.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on BB. TD Securities upgraded BlackBerry to a “hold” rating in a research report on Monday, December 22nd. Robert W. Baird upped their price objective on BlackBerry from $5.00 to $5.50 and gave the stock a “neutral” rating in a report on Friday, September 26th. Zacks Research cut BlackBerry from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 24th. Royal Bank Of Canada restated a “sector perform” rating and set a $4.50 target price on shares of BlackBerry in a research report on Friday, December 19th. Finally, Canaccord Genuity Group reiterated a “hold” rating and issued a $4.60 price target on shares of BlackBerry in a report on Friday, December 19th. One analyst has rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $5.10.

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.