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 the stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $11.00, for a total transaction of $1,375,000.00. Following the completion of the transaction, the chief executive officer directly owned 812,246 shares of the company’s stock, valued at approximately $8,934,706. This trade represents a 13.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed 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 stock was 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 stock was sold at an average price of $11.22, for a total value of $317,211.84.

BlackBerry Stock Performance

BB opened at $10.97 on Monday. BlackBerry Limited has a 1-year low of $3.12 and a 1-year high of $13.59. The stock has a market cap of $6.43 billion, a P/E ratio of 121.96 and a beta of 2.20. The stock’s 50 day simple moving average is $8.81 and its 200 day simple moving average is $5.54. 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 (NYSE:BB) last issued its quarterly earnings data on Thursday, June 25th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.01. The firm had revenue of $152.90 million during the quarter, compared to analysts’ expectations of $136.10 million. BlackBerry had a return on equity of 11.66% and a net margin of 10.31%.BlackBerry’s revenue was up 25.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.02 earnings per share. 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, equities analysts anticipate that BlackBerry Limited will post 0.13 EPS for the current fiscal year.

Hedge Funds Weigh In On BlackBerry

A number of institutional investors have recently made changes to their positions in BB. Elevation Wealth Partners LLC purchased a new stake in shares of BlackBerry in the second quarter valued at $32,000. CoreCap Advisors LLC acquired a new stake in shares of BlackBerry during the second quarter valued at $31,000. Amundi increased its position in BlackBerry by 52.7% during the 1st quarter. Amundi now owns 116,430 shares of the company’s stock worth $377,000 after purchasing an additional 40,184 shares in the last quarter. Renaissance Technologies LLC increased its position in BlackBerry by 139.2% during the 1st quarter. Renaissance Technologies LLC now owns 3,545,543 shares of the company’s stock worth $11,488,000 after purchasing an additional 2,063,153 shares in the last quarter. Finally, Wealthfront Advisers LLC acquired a new position in BlackBerry in the 1st quarter valued at about $34,000. 54.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on BB. Raymond James Financial boosted their price objective 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. Stifel Nicolaus started coverage on shares of BlackBerry in a report on Wednesday, June 24th. They set a “buy” rating and a $12.00 target price for the company. Canadian Imperial Bank of Commerce lifted their target price on shares of BlackBerry from $10.00 to $13.00 and gave the stock an “outperformer” 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. Finally, Weiss Ratings lowered shares of BlackBerry from a “hold (c)” rating to a “sell (d+)” rating in a research report on Tuesday, July 7th. Two analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average 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.