BlackBerry (NYSE:BB) CEO Sells 28,272 Shares of Stock

BlackBerry Limited (NYSE:BB) CEO John Joseph Giamatteo sold 28,272 shares of the company’s stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $11.22, for a total value of $317,211.84. Following the completion of the sale, the chief executive officer owned 937,246 shares in the company, valued at approximately $10,515,900.12. This represents a 2.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

BlackBerry Price Performance

BB stock traded down $0.14 during trading on Monday, hitting $11.37. 20,992,179 shares of the stock traded hands, compared to its average volume of 20,122,301. The stock has a market cap of $6.66 billion, a price-to-earnings ratio of 126.35 and a beta of 2.20. BlackBerry Limited has a one year low of $3.12 and a one year high of $13.59. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.26. The company has a 50 day simple moving average of $8.22 and a 200 day simple moving average of $5.30.

BlackBerry (NYSE:BB) last posted its earnings results on Thursday, June 25th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. BlackBerry had a net margin of 10.31% and a return on equity of 11.66%. The company had revenue of $152.90 million during the quarter, compared to analysts’ expectations of $136.10 million. During the same quarter in the previous year, the company posted $0.02 earnings per share. BlackBerry’s quarterly revenue was up 25.6% compared to the same quarter last year. BlackBerry has set its FY 2027 guidance at 0.160-0.200 EPS and its Q2 2027 guidance at 0.030-0.040 EPS. Equities analysts expect that BlackBerry Limited will post 0.13 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BB. Royal Bank Of Canada raised their target price on shares of BlackBerry from $4.50 to $9.00 and gave the company a “sector perform” rating in a research note on Friday, June 26th. Wall Street Zen upgraded BlackBerry from a “hold” rating to a “buy” rating in a research report on Monday, June 8th. TD increased their price target on shares of BlackBerry from $5.00 to $8.00 and gave the company a “hold” rating in a research report on Friday, June 26th. TD Securities reissued a “hold” rating and issued a $8.00 price target on shares of BlackBerry in a report on Friday, June 26th. Finally, Canadian Imperial Bank of Commerce lifted their target price on BlackBerry from $10.00 to $13.00 and gave the stock an “outperformer” rating in a report on Friday, June 26th. Two equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, BlackBerry currently has an average rating of “Hold” and a consensus target price of $8.92.

Hedge Funds Weigh In On BlackBerry

A number of large investors have recently modified their holdings of the business. First Trust Advisors LP grew its holdings in shares of BlackBerry by 34.4% in the 4th quarter. First Trust Advisors LP now owns 24,991,652 shares of the company’s stock valued at $94,718,000 after acquiring an additional 6,399,502 shares in the last quarter. Vanguard Group Inc. lifted its stake in BlackBerry by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 23,935,970 shares of the company’s stock valued at $90,334,000 after purchasing an additional 142,924 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in BlackBerry by 1.3% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,799,334 shares of the company’s stock worth $77,116,000 after buying an additional 209,448 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of BlackBerry by 21.3% during the 3rd quarter. Bank of America Corp DE now owns 5,584,564 shares of the company’s stock worth $27,253,000 after acquiring an additional 980,359 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of BlackBerry by 31.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,051,338 shares of the company’s stock valued at $15,355,000 after purchasing an additional 972,738 shares during the last quarter. 54.48% of the stock is currently owned by institutional investors and hedge funds.

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.