John Joseph Giamatteo Sells 28,272 Shares of BlackBerry (NYSE:BB) Stock

BlackBerry Limited (NYSE:BB) CEO John Joseph Giamatteo sold 28,272 shares of the company’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $11.22, for a total transaction of $317,211.84. Following the completion of the sale, the chief executive officer owned 937,246 shares in the company, valued at $10,515,900.12. This represents a 2.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

BlackBerry Price Performance

BB stock opened at $11.12 on Wednesday. The company has a market capitalization of $6.51 billion, a P/E ratio of 123.51 and a beta of 2.20. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.20 and a current ratio of 2.20. BlackBerry Limited has a 52-week low of $3.12 and a 52-week high of $13.59. The business has a 50-day simple moving average of $8.46 and a two-hundred day simple moving average of $5.39.

BlackBerry (NYSE:BB) last issued its quarterly earnings data on Thursday, June 25th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.03 by $0.01. BlackBerry had a return on equity of 11.66% and a net margin of 10.31%.The firm had revenue of $152.90 million during the quarter, compared to the consensus estimate of $136.10 million. During the same period in the prior year, the business posted $0.02 earnings per share. The company’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. Research analysts expect that BlackBerry Limited will post 0.13 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CoreCap Advisors LLC bought a new position in shares of BlackBerry during the 2nd quarter valued at approximately $31,000. Delos Wealth Advisors LLC bought a new stake in shares of BlackBerry in the 3rd quarter worth approximately $34,000. CI Investments Inc. lifted its stake in BlackBerry by 48.4% in the third quarter. CI Investments Inc. now owns 8,414 shares of the company’s stock valued at $41,000 after purchasing an additional 2,745 shares during the last quarter. Wealthfront Advisers LLC bought a new position in BlackBerry during the first quarter valued at $34,000. Finally, Bank of New York Mellon Corp bought a new position in BlackBerry during the first quarter valued at $37,000. 54.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on BB shares. TD Securities reiterated a “hold” rating and issued a $8.00 target price on shares of BlackBerry in a report on Friday, June 26th. Weiss Ratings upgraded shares of BlackBerry from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, June 23rd. Canaccord Genuity Group boosted their target price on BlackBerry from $8.20 to $10.30 and gave the stock a “hold” rating in a research note on Friday, June 26th. Royal Bank Of Canada increased their price target on BlackBerry from $4.50 to $9.00 and gave the company a “sector perform” rating in a research report on Friday, June 26th. Finally, TD boosted their price objective on BlackBerry from $5.00 to $8.00 and gave the stock a “hold” rating in a research report on Friday, June 26th. Two research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $8.92.

About BlackBerry

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.