BlackBerry (NYSE:BB) CEO Sells $130,944.66 in Stock

BlackBerry Limited (NYSE:BB) CEO John Joseph Giamatteo sold 28,343 shares of the business’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $4.62, for a total transaction of $130,944.66. Following the sale, the chief executive officer owned 568,164 shares of the company’s stock, valued at approximately $2,624,917.68. This represents a 4.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

BlackBerry Trading Up 2.4%

NYSE BB opened at $4.76 on Thursday. The company’s fifty day simple moving average is $4.02 and its 200-day simple moving average is $3.90. BlackBerry Limited has a 52 week low of $2.24 and a 52 week high of $6.24. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.27. The stock has a market cap of $2.81 billion, a P/E ratio of -476.00 and a beta of 1.51.

BlackBerry (NYSE:BB) last posted its earnings results on Thursday, September 25th. The company reported $0.04 EPS 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 for the quarter, compared to analysts’ expectations of $122.03 million. BlackBerry’s revenue 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. Equities research analysts predict that BlackBerry Limited will post -0.03 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on BB shares. CIBC reissued an “outperform” rating on shares of BlackBerry in a research report on Tuesday, June 24th. TD Securities cut shares of BlackBerry from a “buy” rating to a “hold” rating and boosted their target price for the stock from $4.00 to $5.00 in a research report on Friday, October 3rd. Zacks Research raised shares of BlackBerry from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 29th. Canaccord Genuity Group reaffirmed a “hold” rating and issued a $4.60 price target on shares of BlackBerry in a report on Friday, September 26th. Finally, TD Cowen reaffirmed a “hold” rating and issued a $5.00 price target on shares of BlackBerry in a report on Friday, October 3rd. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, BlackBerry presently has an average rating of “Hold” and a consensus target price of $5.10.

Institutional Trading of BlackBerry

Several institutional investors have recently added to or reduced their stakes in the stock. Benjamin Edwards Inc. raised its holdings in BlackBerry by 31.5% in the second quarter. Benjamin Edwards Inc. now owns 14,600 shares of the company’s stock valued at $67,000 after acquiring an additional 3,500 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in shares of BlackBerry by 10.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 38,357 shares of the company’s stock worth $145,000 after purchasing an additional 3,755 shares during the period. Hsbc Holdings PLC raised its holdings in shares of BlackBerry by 16.7% during the first quarter. Hsbc Holdings PLC now owns 31,641 shares of the company’s stock worth $119,000 after purchasing an additional 4,525 shares during the period. Parallel Advisors LLC raised its holdings in shares of BlackBerry by 216.2% during the first quarter. Parallel Advisors LLC now owns 7,156 shares of the company’s stock worth $27,000 after purchasing an additional 4,893 shares during the period. Finally, SBI Securities Co. Ltd. raised its holdings in shares of BlackBerry by 19.5% during the first quarter. SBI Securities Co. Ltd. now owns 30,538 shares of the company’s stock worth $115,000 after purchasing an additional 4,976 shares during the period. 54.48% of the stock is owned by institutional investors and hedge funds.

BlackBerry Company Profile

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.