John Joseph Giamatteo Sells 231,765 Shares of BlackBerry (NYSE:BB) Stock

BlackBerry Limited (NYSE:BB) CEO John Joseph Giamatteo sold 231,765 shares of the firm’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $3.82, for a total value of $885,342.30. Following the transaction, the chief executive officer owned 599,251 shares of the company’s stock, valued at $2,289,138.82. The trade was a 27.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

BlackBerry Stock Up 1.2%

BlackBerry stock traded up $0.05 during mid-day trading on Tuesday, reaching $3.93. The stock had a trading volume of 6,506,144 shares, compared to its average volume of 7,447,264. BlackBerry Limited has a one year low of $2.80 and a one year high of $6.24. The company has a 50-day moving average price of $4.26 and a two-hundred day moving average price of $4.19. The company has a market capitalization of $2.32 billion, a price-to-earnings ratio of 130.88 and a beta of 1.40. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.14 and a quick ratio of 2.14.

BlackBerry (NYSE:BB) last issued its earnings results on Thursday, December 18th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.01. BlackBerry had a net margin of 4.02% and a return on equity of 8.05%. The business had revenue of $141.80 million during the quarter, compared to analysts’ expectations of $137.54 million. During the same period in the previous year, the company earned $0.02 earnings per share. The business’s revenue for the quarter was down 1.3% compared to the same quarter last year. BlackBerry has set its FY 2026 guidance at 0.140-0.160 EPS and its Q4 2026 guidance at 0.030-0.050 EPS. On average, analysts expect that BlackBerry Limited will post -0.03 EPS for the current fiscal year.

Hedge Funds Weigh In On BlackBerry

Institutional investors have recently made changes to their positions in the business. Benjamin Edwards Inc. boosted its holdings in shares of BlackBerry by 16.5% in the third quarter. Benjamin Edwards Inc. now owns 17,005 shares of the company’s stock worth $83,000 after buying an additional 2,405 shares during the last quarter. SBI Securities Co. Ltd. boosted its stake in shares of BlackBerry by 10.3% during the 3rd quarter. SBI Securities Co. Ltd. now owns 27,434 shares of the company’s stock worth $134,000 after acquiring an additional 2,569 shares during the last quarter. Raymond James Financial Inc. grew its position in shares of BlackBerry by 2.1% during the 3rd quarter. Raymond James Financial Inc. now owns 128,998 shares of the company’s stock valued at $630,000 after acquiring an additional 2,689 shares during the period. CI Investments Inc. increased its stake in shares of BlackBerry by 48.4% in the 3rd quarter. CI Investments Inc. now owns 8,414 shares of the company’s stock worth $41,000 after purchasing an additional 2,745 shares in the last quarter. Finally, Mackenzie Financial Corp raised its holdings in BlackBerry by 1.1% in the 3rd quarter. Mackenzie Financial Corp now owns 401,841 shares of the company’s stock worth $1,960,000 after purchasing an additional 4,249 shares during the period. Institutional investors own 54.48% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Zacks Research cut BlackBerry from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 24th. Weiss Ratings reiterated a “sell (d+)” rating on shares of BlackBerry in a report on Friday, December 26th. Robert W. Baird upped their target price on shares of BlackBerry from $5.00 to $5.50 and gave the company a “neutral” rating in a research note on Friday, September 26th. TD Securities raised shares of BlackBerry to a “hold” rating in a report on Monday, December 22nd. Finally, Wall Street Zen upgraded shares of BlackBerry from a “hold” rating to a “buy” rating in a research note on Friday, September 26th. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, BlackBerry has an average rating of “Hold” and a consensus price target of $5.10.

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.