Insider Selling: BlackBerry (NYSE:BB) CEO Sells $1,725,336.20 in Stock

BlackBerry Limited (NYSE:BB) CEO John Joseph Giamatteo sold 152,012 shares of BlackBerry stock in a transaction that occurred on Thursday, July 9th. The stock was sold at an average price of $11.35, for a total transaction of $1,725,336.20. Following the completion of the sale, the chief executive officer directly owned 687,246 shares of the company’s stock, valued at approximately $7,800,242.10. This trade represents a 18.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Wednesday, July 8th, John Joseph Giamatteo sold 125,000 shares of BlackBerry stock. The shares were sold at an average price of $11.00, for a total transaction of $1,375,000.00.
• 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

BB stock opened at $10.97 on Monday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.20 and a quick ratio of 2.20. BlackBerry Limited has a 1 year low of $3.12 and a 1 year high of $13.59. The company has a market cap of $6.43 billion, a P/E ratio of 121.96 and a beta of 2.20. The stock’s fifty day moving average price is $8.81 and its 200-day moving average price is $5.54.

BlackBerry (NYSE:BB) last posted its quarterly earnings data on Thursday, June 25th. The company reported $0.04 EPS 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 company had revenue of $152.90 million during the quarter, compared to analysts’ expectations of $136.10 million. During the same quarter in the prior year, the business earned $0.02 earnings per share. BlackBerry’s revenue for the quarter 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. On average, equities analysts forecast that BlackBerry Limited will post 0.13 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. CoreCap Advisors LLC purchased a new position in shares of BlackBerry during the 2nd quarter valued at about $31,000. Elevation Wealth Partners LLC purchased a new stake in BlackBerry in the 2nd quarter worth approximately $32,000. Delos Wealth Advisors LLC bought a new stake in BlackBerry during the 3rd quarter worth approximately $34,000. Wealthfront Advisers LLC bought a new stake in BlackBerry during the 1st quarter worth approximately $34,000. Finally, Bank of New York Mellon Corp bought a new stake in BlackBerry during the 1st quarter worth approximately $37,000. Institutional investors own 54.48% of the company’s stock.

Wall Street Analysts Forecast Growth

BB has been the subject of several research reports. Canaccord Genuity Group upped their price target on shares of BlackBerry from $8.20 to $10.30 and gave the company a “hold” rating in a research report on Friday, June 26th. Wall Street Zen raised shares of BlackBerry from a “hold” rating to a “buy” rating in a report on Monday, June 8th. TD boosted their target price 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. Canadian Imperial Bank of Commerce upped their target price on shares of BlackBerry from $10.00 to $13.00 and gave the company an “outperformer” rating in a report on Friday, June 26th. Finally, Raymond James Financial increased their price target on shares of BlackBerry from $4.75 to $9.50 and gave the stock a “market perform” rating in a research report on Friday, June 26th. Two equities 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 stock. Based on data from MarketBeat.com, the company presently has an average 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.