BlackBerry (NYSE:BB) CEO John Joseph Giamatteo Sells 28,343 Shares

BlackBerry Limited (NYSE:BB) CEO John Joseph Giamatteo sold 28,343 shares of the company’s stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $4.62, for a total value of $130,944.66. Following the transaction, the chief executive officer directly owned 568,164 shares in the company, valued at approximately $2,624,917.68. This represents a 4.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

BlackBerry Price Performance

BlackBerry stock opened at $4.80 on Tuesday. The business’s 50-day simple moving average is $3.98 and its 200 day simple moving average is $3.89. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.27. The stock has a market cap of $2.83 billion, a price-to-earnings ratio of -480.00 and a beta of 1.51. BlackBerry Limited has a 12-month low of $2.24 and a 12-month high of $6.24.

BlackBerry (NYSE:BB) last posted its quarterly earnings results on Thursday, September 25th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.03. BlackBerry had a negative net margin of 0.60% and a positive return on equity of 6.07%. The business had revenue of $130.96 million during the quarter, compared to the consensus estimate of $122.03 million. The firm’s revenue for the quarter was down 10.6% on a year-over-year basis. BlackBerry has set its Q3 2026 guidance at 0.020-0.040 EPS. FY 2026 guidance at 0.110-0.15 EPS. As a group, research analysts anticipate that BlackBerry Limited will post -0.03 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Zacks Research raised BlackBerry from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 29th. Wall Street Zen upgraded BlackBerry from a “hold” rating to a “buy” rating in a research report on Friday, September 26th. CIBC reaffirmed an “outperform” rating on shares of BlackBerry in a research note on Tuesday, June 24th. TD Cowen reissued a “hold” rating and set a $5.00 price objective on shares of BlackBerry in a research note on Friday. Finally, Canaccord Genuity Group reaffirmed a “hold” rating and issued a $4.60 target price on shares of BlackBerry in a research note on Friday, September 26th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $5.10.

Institutional Trading of BlackBerry

A number of large investors have recently bought and sold shares of BB. Parallel Advisors LLC raised its holdings in BlackBerry by 216.2% during the 1st quarter. Parallel Advisors LLC now owns 7,156 shares of the company’s stock worth $27,000 after buying an additional 4,893 shares during the period. Chicago Partners Investment Group LLC acquired a new stake in shares of BlackBerry during the first quarter worth $37,000. OneDigital Investment Advisors LLC acquired a new stake in shares of BlackBerry in the 1st quarter valued at about $40,000. LeConte Wealth Management LLC bought a new stake in shares of BlackBerry in the second quarter valued at about $61,000. Finally, Benjamin Edwards Inc. boosted its position in shares of BlackBerry by 31.5% during the second quarter. Benjamin Edwards Inc. now owns 14,600 shares of the company’s stock worth $67,000 after buying an additional 3,500 shares during the period. 54.48% of the stock is owned by institutional investors.

About BlackBerry

BlackBerry Limited provides intelligent security software and services to enterprises and governments worldwide. The company operates through three segments: Cybersecurity, IoT, and Licensing and Other. The company offers CylanceENDPOINT, an integrated endpoint security solution; CylanceGUARD, a managed detection and response solution; CylanceEDGE, an AI-powered continuous authentication zero trust network access solution; CylanceINTELLIGENCE, a contextual cyber threat intelligence service; BlackBerry Dynamics offers a development platform and secure container for mobile applications; BlackBerry Workspaces a secure Enterprise File Sync and Share (EFSS) solution; BlackBerry Messenger (BBM) Enterprise, an enterprise-grade secure instant messaging solution for messaging, voice and video; BlackBerry SecuSUITE is a certified, multi-OS voice and text messaging solution; BlackBerry AtHoc, a secure networked critical event management solution; and BlackBerry unified endpoint management (UEM) solutions.