BlackBerry (NYSE:BB) Stock: Insider John Joseph Giamatteo Sells 27,004 Shares

BlackBerry Limited (NYSE:BB) CEO John Giamatteo sold 27,004 shares of BlackBerry stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of $8.36, for a total transaction of $225,753.44. Following the sale, the chief executive officer owned 792,494 shares of the company’s stock, valued at approximately $6,625,249.84. The trade was a 3.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

John Joseph Giamatteo also recently made the following trade(s):

• On Friday, October 2nd, John Giamatteo sold 29,272 shares of BlackBerry stock. The stock was sold at an average price of $9.20, for a total transaction of $269,302.40.

BlackBerry Price Performance

BB stock opened at $8.21 on Thursday. The firm has a 50 day simple moving average of $8.37 and a two-hundred day simple moving average of $7.91. The stock has a market cap of $4.82 billion, a PE ratio of 68.45 and a beta of 2.20. BlackBerry Limited has a one year low of $3.12 and a one year high of $13.59. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.38 and a quick ratio of 2.38.

BlackBerry (NYSE:BB) last posted its quarterly earnings data on Thursday, September 24th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.03. The firm had revenue of $166.56 million for the quarter, compared to analysts’ expectations of $144.22 million. BlackBerry had a net margin of 13.09% and a return on equity of 13.71%. The business’s quarterly revenue was up 26.0% on a year-over-year basis. During the same quarter last year, the company posted $0.04 EPS. BlackBerry has set its FY 2027 guidance at 0.190-0.220 EPS and its Q3 2027 guidance at 0.040-0.050 EPS. On average, analysts predict that BlackBerry Limited will post 0.17 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Integrated Wealth Concepts LLC bought a new stake in shares of BlackBerry in the 2nd quarter worth approximately $31,000. CoreCap Advisors LLC purchased a new stake in shares of BlackBerry in the 2nd quarter valued at $31,000. Elevation Wealth Partners LLC purchased a new stake in shares of BlackBerry in the 2nd quarter valued at $32,000. Global Retirement Partners LLC bought a new position in shares of BlackBerry during the 2nd quarter valued at $50,000. Finally, Nykredit A S bought a new position in shares of BlackBerry during the 2nd quarter valued at $111,000. 54.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on BB. Canaccord Genuity Group reduced their target price on BlackBerry from $10.30 to $9.50 and set a “hold” rating on the stock in a research note on Friday, September 25th. Weiss Ratings raised BlackBerry from a “sell (d+)” rating to a “hold (c)” rating in a research note on Friday, September 25th. Wall Street Zen raised BlackBerry from a “hold” rating to a “buy” rating in a research note on Saturday, August 29th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $9.00 price objective on shares of BlackBerry in a report on Monday, September 21st. Finally, TD increased their price objective on BlackBerry from $5.00 to $8.00 and gave the company a “hold” rating in a research report on Friday, June 26th. Two research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $9.86.

BlackBerry Company Profile

BlackBerry Limited is a Canadian technology company that provides cybersecurity and Internet of Things (IoT) software. Its cybersecurity offerings support endpoint protection, threat detection and response, secure communications, identity management, and unified endpoint management for businesses and government organizations.

Through its QNX business, BlackBerry supplies secure, safety-certified real-time operating systems and embedded software for automotive systems and other connected devices.