BlackBerry (NYSE:BB) CEO John Joseph Giamatteo Sells 27,066 Shares of 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 $3,200,959.76. The trade was a 2.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

BlackBerry Stock Down 1.8%

Shares of NYSE:BB opened at $3.49 on Wednesday. BlackBerry Limited has a 1 year low of $2.81 and a 1 year high of $5.32. The business has a 50 day simple moving average of $3.41 and a two-hundred day simple moving average of $3.99. The firm has a market capitalization of $2.05 billion, a PE ratio of 116.21 and a beta of 1.70. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.14 and a quick ratio of 2.14.

Analysts Set New Price Targets

Several research analysts have issued reports on BB shares. TD Securities upgraded BlackBerry to a “hold” rating in a research report on Monday, December 22nd. Canaccord Genuity Group restated a “hold” rating and set a $4.60 target price 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 research report on Friday, December 19th. Weiss Ratings restated a “sell (d+)” rating on shares of BlackBerry in a research report on Wednesday, March 25th. Finally, Wall Street Zen lowered BlackBerry from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. One equities research analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $4.92.

Hedge Funds Weigh In On BlackBerry

A number of large investors have recently bought and sold shares of the business. Hsbc Holdings PLC raised its stake in BlackBerry by 1,501.9% in the fourth quarter. Hsbc Holdings PLC now owns 1,890,023 shares of the company’s stock worth $7,116,000 after buying an additional 1,772,039 shares in the last quarter. Tobam raised its stake in BlackBerry by 34.0% in the fourth quarter. Tobam now owns 30,159 shares of the company’s stock worth $114,000 after buying an additional 7,655 shares in the last quarter. DGS Capital Management LLC bought a new position in BlackBerry in the fourth quarter worth approximately $52,000. Virtu Financial LLC bought a new position in BlackBerry in the fourth quarter worth approximately $280,000. Finally, Invesco Ltd. raised its stake in BlackBerry by 2.4% in the fourth quarter. Invesco Ltd. now owns 128,487 shares of the company’s stock worth $487,000 after buying an additional 2,975 shares in the last quarter. Institutional investors own 54.48% of the company’s stock.

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.