Insider Selling: BlackBerry (NYSE:BB) CEO Sells $96,354.96 in Stock

BlackBerry Limited (NYSE:BB) CEO John Joseph Giamatteo sold 27,066 shares of BlackBerry stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $3.56, for a total value of $96,354.96. Following the completion of the sale, the chief executive officer owned 899,146 shares of the company’s stock, valued at $3,200,959.76. The trade was a 2.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

BlackBerry Stock Down 1.8%

Shares of BB stock traded down $0.07 on Tuesday, hitting $3.49. The stock had a trading volume of 9,706,857 shares, compared to its average volume of 7,478,344. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.26. The business has a 50 day moving average price of $3.42 and a 200 day moving average price of $3.99. The company has a market cap of $2.05 billion, a PE ratio of 116.21 and a beta of 1.70. BlackBerry Limited has a one year low of $2.81 and a one year high of $5.32.

Hedge Funds Weigh In On BlackBerry

A number of large investors have recently added to or reduced their stakes in BB. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in BlackBerry by 1.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 823,822 shares of the company’s stock worth $3,106,000 after purchasing an additional 10,667 shares in the last quarter. Geode Capital Management LLC raised its holdings in BlackBerry by 263.2% in the second quarter. Geode Capital Management LLC now owns 1,167,739 shares of the company’s stock worth $5,348,000 after purchasing an additional 846,208 shares in the last quarter. Creative Planning raised its holdings in BlackBerry by 87.5% in the second quarter. Creative Planning now owns 53,413 shares of the company’s stock worth $245,000 after purchasing an additional 24,921 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in BlackBerry by 15.0% in the second quarter. Russell Investments Group Ltd. now owns 393,561 shares of the company’s stock worth $1,804,000 after purchasing an additional 51,305 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of BlackBerry by 137.1% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,788,921 shares of the company’s stock valued at $12,780,000 after acquiring an additional 1,612,465 shares in the last quarter. 54.48% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on BB. Royal Bank Of Canada restated a “sector perform” rating and issued a $4.50 price objective on shares of BlackBerry in a report on Friday, December 19th. Canaccord Genuity Group restated a “hold” rating and issued a $4.60 price objective on shares of BlackBerry in a report on Friday, December 19th. Weiss Ratings restated a “sell (d+)” rating on shares of BlackBerry in a report on Wednesday, March 25th. Wall Street Zen downgraded BlackBerry from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Finally, TD Securities upgraded BlackBerry to a “hold” rating in a report on Monday, December 22nd. One research analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, BlackBerry presently has a consensus rating of “Hold” and an average price target of $4.92.

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.