BlackBerry (NYSE:BB) CEO Sells $317,211.84 in Stock

BlackBerry Limited (NYSE:BB) CEO John Joseph Giamatteo sold 28,272 shares of the stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $11.22, for a total value of $317,211.84. Following the sale, the chief executive officer owned 937,246 shares of the company’s stock, valued at approximately $10,515,900.12. This represents a 2.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

BlackBerry Stock Up 0.0%

Shares of BB stock opened at $11.11 on Thursday. BlackBerry Limited has a 1-year low of $3.12 and a 1-year high of $13.59. The stock’s fifty day moving average price is $8.57 and its 200 day moving average price is $5.44. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.20 and a quick ratio of 2.20. The company has a market cap of $6.51 billion, a price-to-earnings ratio of 123.40 and a beta of 2.20.

BlackBerry (NYSE:BB) last released its quarterly earnings results on Thursday, June 25th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. The company 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%.The firm’s revenue was up 25.6% compared to the same quarter last year. During the same period last year, the business 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. On average, research analysts expect that BlackBerry Limited will post 0.13 earnings per share for the current fiscal year.

Hedge Funds Weigh In On BlackBerry

A number of institutional investors have recently bought and sold shares of BB. First Trust Advisors LP lifted its stake in BlackBerry by 34.4% during the 4th quarter. First Trust Advisors LP now owns 24,991,652 shares of the company’s stock valued at $94,718,000 after acquiring an additional 6,399,502 shares during the period. Vanguard Group Inc. increased its stake in shares of BlackBerry by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 23,935,970 shares of the company’s stock worth $90,334,000 after acquiring an additional 142,924 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of BlackBerry by 1.3% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,799,334 shares of the company’s stock worth $77,116,000 after purchasing an additional 209,448 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of BlackBerry by 21.3% during the third quarter. Bank of America Corp DE now owns 5,584,564 shares of the company’s stock worth $27,253,000 after purchasing an additional 980,359 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in BlackBerry by 31.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,051,338 shares of the company’s stock valued at $15,355,000 after purchasing an additional 972,738 shares during the period. 54.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on BB shares. Raymond James Financial boosted their target price 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. Canaccord Genuity Group boosted their price objective on shares of BlackBerry from $8.20 to $10.30 and gave the company a “hold” rating in a report on Friday, June 26th. TD Securities reissued a “hold” rating and issued a $8.00 target price on shares of BlackBerry in a research report on Friday, June 26th. TD raised their target price on BlackBerry from $5.00 to $8.00 and gave the stock a “hold” rating in a research note on Friday, June 26th. Finally, Weiss Ratings raised BlackBerry from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, June 23rd. Two analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target 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.