BlackBerry (NYSE:BB) CEO John Joseph Giamatteo Sells 28,343 Shares of Stock

BlackBerry Limited (NYSE:BB) CEO John Joseph Giamatteo sold 28,343 shares of the firm’s stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $4.62, for a total value of $130,944.66. Following the completion of the sale, the chief executive officer directly owned 568,164 shares in the company, valued at $2,624,917.68. This trade represents a 4.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

BlackBerry Stock Up 6.7%

BB opened at $4.80 on Tuesday. The business has a 50 day moving average of $3.98 and a 200-day moving average of $3.89. The stock has a market capitalization of $2.83 billion, a price-to-earnings ratio of -480.00 and a beta of 1.51. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.27. BlackBerry Limited has a 1-year low of $2.24 and a 1-year high of $6.24.

BlackBerry (NYSE:BB) last issued its quarterly earnings results on Thursday, September 25th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.03. BlackBerry had a negative net margin of 0.60% and a positive return on equity of 6.07%. The firm had revenue of $130.96 million during the quarter, compared to the consensus estimate of $122.03 million. The firm’s revenue for the quarter was down 10.6% on a year-over-year basis. BlackBerry has set its Q3 2026 guidance at 0.020-0.040 EPS. FY 2026 guidance at 0.110-0.15 EPS. As a group, sell-side analysts anticipate that BlackBerry Limited will post -0.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Robert W. Baird upped their price target on BlackBerry from $5.00 to $5.50 and gave the company a “neutral” rating in a report on Friday, September 26th. CIBC restated an “outperform” rating on shares of BlackBerry in a research report on Tuesday, June 24th. TD Securities lowered BlackBerry from a “buy” rating to a “hold” rating and upped their target price for the company from $4.00 to $5.00 in a research note on Friday. Royal Bank Of Canada lifted their price target on shares of BlackBerry from $4.00 to $4.50 and gave the stock a “sector perform” rating in a research note on Friday, September 26th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of BlackBerry in a report on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $5.10.

Institutional Investors Weigh In On BlackBerry

Several institutional investors and hedge funds have recently made changes to their positions in BB. Parallel Advisors LLC increased its position in shares of BlackBerry by 216.2% during the 1st quarter. Parallel Advisors LLC now owns 7,156 shares of the company’s stock worth $27,000 after purchasing an additional 4,893 shares in the last quarter. Chicago Partners Investment Group LLC bought a new stake in BlackBerry during the first quarter worth about $37,000. OneDigital Investment Advisors LLC bought a new stake in BlackBerry during the first quarter worth about $40,000. LeConte Wealth Management LLC acquired a new stake in shares of BlackBerry during the second quarter worth approximately $61,000. Finally, Benjamin Edwards Inc. raised its stake in shares of BlackBerry by 31.5% in the second quarter. Benjamin Edwards Inc. now owns 14,600 shares of the company’s stock valued at $67,000 after acquiring an additional 3,500 shares during the last quarter. Institutional investors and hedge funds own 54.48% of the company’s stock.

About BlackBerry

BlackBerry Limited provides intelligent security software and services to enterprises and governments worldwide. The company operates through three segments: Cybersecurity, IoT, and Licensing and Other. The company offers CylanceENDPOINT, an integrated endpoint security solution; CylanceGUARD, a managed detection and response solution; CylanceEDGE, an AI-powered continuous authentication zero trust network access solution; CylanceINTELLIGENCE, a contextual cyber threat intelligence service; BlackBerry Dynamics offers a development platform and secure container for mobile applications; BlackBerry Workspaces a secure Enterprise File Sync and Share (EFSS) solution; BlackBerry Messenger (BBM) Enterprise, an enterprise-grade secure instant messaging solution for messaging, voice and video; BlackBerry SecuSUITE is a certified, multi-OS voice and text messaging solution; BlackBerry AtHoc, a secure networked critical event management solution; and BlackBerry unified endpoint management (UEM) solutions.