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 BlackBerry stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $3.82, for a total value of $885,342.30. Following the completion of the transaction, the chief executive officer directly owned 599,251 shares in the company, valued at $2,289,138.82. This trade represents a 27.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

BlackBerry Stock Down 0.6%

Shares of BlackBerry stock opened at $3.90 on Thursday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.14 and a current ratio of 2.14. BlackBerry Limited has a 52-week low of $2.80 and a 52-week high of $6.24. The company’s 50 day moving average price is $4.22 and its 200-day moving average price is $4.18. The stock has a market capitalization of $2.30 billion, a price-to-earnings ratio of 129.88 and a beta of 1.40.

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

Analyst Upgrades and Downgrades

A number of research firms have commented on BB. Canaccord Genuity Group reaffirmed a “hold” rating and set a $4.60 price target on shares of BlackBerry in a research report on Friday, December 19th. Royal Bank Of Canada restated a “sector perform” rating and set a $4.50 target price on shares of BlackBerry in a report on Friday, December 19th. Wall Street Zen raised BlackBerry from a “hold” rating to a “buy” rating in a research note on Friday, September 26th. Robert W. Baird boosted their price objective on shares of BlackBerry from $5.00 to $5.50 and gave the company a “neutral” rating in a research report on Friday, September 26th. Finally, TD Cowen restated a “hold” rating and issued a $5.00 price objective on shares of BlackBerry in a report on Friday, October 3rd. One investment analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $5.10.

Institutional Trading of BlackBerry

Hedge funds and other institutional investors have recently modified their holdings of the business. Delos Wealth Advisors LLC purchased a new position in BlackBerry during the 3rd quarter valued at about $34,000. CI Investments Inc. increased its stake in shares of BlackBerry by 48.4% during 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 in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of BlackBerry by 2,349.1% during the third quarter. NewEdge Advisors LLC now owns 11,682 shares of the company’s stock valued at $57,000 after purchasing an additional 11,205 shares during the last quarter. LeConte Wealth Management LLC bought a new stake in shares of BlackBerry in the 2nd quarter worth approximately $61,000. Finally, Benjamin Edwards Inc. grew its stake in shares of BlackBerry by 31.5% in the 2nd quarter. Benjamin Edwards Inc. now owns 14,600 shares of the company’s stock worth $67,000 after buying an additional 3,500 shares during the last quarter. 54.48% of the stock is owned by hedge funds and other institutional investors.

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.