John Joseph Giamatteo Sells 27,066 Shares of BlackBerry (NYSE:BB) Stock

BlackBerry Limited (NYSE:BB) CEO John Joseph Giamatteo sold 27,066 shares of the business’s stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $3.56, for a total value of $96,354.96. Following the sale, the chief executive officer directly owned 899,146 shares in the company, valued at approximately $3,200,959.76. The trade was a 2.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

BlackBerry Price Performance

Shares of NYSE:BB opened at $3.54 on Thursday. The stock has a market cap of $2.08 billion, a price-to-earnings ratio of 117.87 and a beta of 1.70. BlackBerry Limited has a 12 month low of $2.83 and a 12 month high of $5.32. The stock’s 50 day moving average price is $3.41 and its 200 day moving average price is $3.98. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.14 and a quick ratio of 2.14.

Institutional Trading of BlackBerry

Several large investors have recently added to or reduced their stakes in the company. First Trust Advisors LP raised 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 purchasing an additional 6,399,502 shares during the period. Vanguard Group Inc. raised its stake in BlackBerry by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 23,935,970 shares of the company’s stock valued at $90,334,000 after purchasing an additional 142,924 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in BlackBerry by 1.3% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,799,334 shares of the company’s stock valued at $77,116,000 after purchasing an additional 209,448 shares during the period. Hood River Capital Management LLC acquired a new stake in BlackBerry during the 2nd quarter valued at $52,441,000. Finally, Bank of America Corp DE raised its stake in BlackBerry by 21.3% during the 3rd quarter. Bank of America Corp DE now owns 5,584,564 shares of the company’s stock valued at $27,253,000 after purchasing an additional 980,359 shares during the period. 54.48% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of BlackBerry in a research report on Wednesday, March 25th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $4.50 price objective on shares of BlackBerry in a research report on Friday, December 19th. TD Securities upgraded BlackBerry to a “hold” rating in a research report on Monday, December 22nd. Wall Street Zen downgraded BlackBerry from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Finally, Canaccord Genuity Group reiterated a “hold” rating and set a $4.60 price objective on shares of BlackBerry in a research report on Friday, December 19th. One equities research analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $4.92.

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.