Insider Selling: BlackBerry (NYSE:BB) CEO Sells $1,375,000.00 in Stock

BlackBerry Limited (NYSE:BB) CEO John Joseph Giamatteo sold 125,000 shares of BlackBerry stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $11.00, for a total value of $1,375,000.00. Following the transaction, the chief executive officer owned 812,246 shares of the company’s stock, valued at $8,934,706. The trade was a 13.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• On Thursday, July 9th, John Joseph Giamatteo sold 152,012 shares of BlackBerry stock. The shares were sold at an average price of $11.35, for a total value of $1,725,336.20.
• 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 Performance

Shares of NYSE BB traded down $0.46 during midday trading on Friday, hitting $10.97. 17,606,601 shares of the company’s stock were exchanged, compared to its average volume of 20,262,213. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.26. BlackBerry Limited has a 12 month low of $3.12 and a 12 month high of $13.59. The company’s 50 day moving average price is $8.70 and its 200 day moving average price is $5.50. The firm has a market capitalization of $6.43 billion, a PE ratio of 121.96 and a beta of 2.20.

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

Hedge Funds Weigh In On BlackBerry

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. First Trust Advisors LP lifted its position in shares of BlackBerry by 34.4% during 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 during the period. Vanguard Group Inc. increased its position in shares of BlackBerry by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 23,935,970 shares of the company’s stock worth $90,334,000 after purchasing an additional 142,924 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in BlackBerry by 1.3% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,799,334 shares of the company’s stock valued at $77,116,000 after purchasing an additional 209,448 shares in the last quarter. Bank of America Corp DE raised its stake in BlackBerry by 21.3% in the third quarter. Bank of America Corp DE now owns 5,584,564 shares of the company’s stock valued at $27,253,000 after purchasing an additional 980,359 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in BlackBerry by 31.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,051,338 shares of the company’s stock worth $15,355,000 after purchasing an additional 972,738 shares during the period. 54.48% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Wall Street Zen raised shares of BlackBerry from a “hold” rating to a “buy” rating in a research report on Monday, June 8th. Weiss Ratings lowered shares of BlackBerry from a “hold (c)” rating to a “sell (d+)” rating in a research note on Tuesday. Raymond James Financial increased their price target on shares of BlackBerry from $4.75 to $9.50 and gave the company a “market perform” rating in a report on Friday, June 26th. TD Securities restated a “hold” rating and set a $8.00 price objective on shares of BlackBerry in a research report on Friday, June 26th. Finally, TD increased their target price on BlackBerry from $5.00 to $8.00 and gave the stock a “hold” rating in a research note on Friday, June 26th. Two research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus 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.