BlackBerry Limited (NYSE:BB - Get Free Report) CEO John Giamatteo sold 99,000 shares of the firm's stock in a transaction dated Thursday, October 22nd. The stock was sold at an average price of $8.74, for a total transaction of $865,260.00. Following the completion of the sale, the chief executive officer owned 542,494 shares of the company's stock, valued at $4,741,397.56. This trade represents a 15.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
John Joseph Giamatteo also recently made the following trade(s):
- On Wednesday, October 21st, John Giamatteo sold 151,000 shares of BlackBerry stock. The stock was sold at an average price of $9.40, for a total transaction of $1,419,400.00.
- On Friday, October 9th, John Giamatteo sold 27,004 shares of BlackBerry stock. The stock was sold at an average price of $8.36, for a total transaction of $225,753.44.
- On Friday, October 2nd, John Giamatteo sold 29,272 shares of BlackBerry stock. The shares were sold at an average price of $9.20, for a total transaction of $269,302.40.
BlackBerry Stock Performance
BlackBerry stock opened at $8.57 on Friday. 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 Limited has a 1-year low of $3.12 and a 1-year high of $13.59. The firm has a market capitalization of $5.03 billion, a P/E ratio of 55.35 and a beta of 2.20. The company's 50-day moving average is $8.33 and its 200 day moving average is $8.13.
BlackBerry (NYSE:BB - Get Free Report) last announced its quarterly earnings data on Thursday, September 24th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.03. BlackBerry had a net margin of 13.09% and a return on equity of 13.71%. The business had revenue of $166.56 million during the quarter, compared to the consensus estimate of $144.22 million. During the same quarter last year, the firm earned $0.04 earnings per share. The firm's quarterly revenue was up 26.0% compared to the same quarter last year. BlackBerry has set its FY 2027 guidance at 0.190-0.220 EPS and its Q3 2027 guidance at 0.040-0.050 EPS. Research analysts forecast that BlackBerry Limited will post 0.17 EPS for the current year.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on the company. Raymond James Financial increased their price target on BlackBerry from $4.75 to $9.50 and gave the stock a "market perform" rating in a report on Friday, June 26th. Zacks Research cut BlackBerry from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 25th. Royal Bank Of Canada restated a "sector perform" rating and set a $9.00 price objective on shares of BlackBerry in a report on Monday, September 21st. Wall Street Zen raised BlackBerry from a "hold" rating to a "buy" rating in a research report on Saturday, August 29th. Finally, Canadian Imperial Bank of Commerce increased their target price on BlackBerry from $10.00 to $13.00 and gave the stock an "outperformer" rating in a research note on Friday, June 26th. Two analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $9.86.
Get Our Latest Stock Report on BlackBerry
Institutional Investors Weigh In On BlackBerry
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Howland Capital Management LLC bought a new stake in BlackBerry during the 3rd quarter valued at about $136,000. Louisbourg Investments Inc. purchased a new stake in BlackBerry in the 3rd quarter valued at about $6,897,000. IFP Advisors Inc bought a new position in BlackBerry in the 3rd quarter worth about $45,000. Counterpoint Mutual Funds LLC grew its stake in BlackBerry by 103.6% in the 3rd quarter. Counterpoint Mutual Funds LLC now owns 1,282,610 shares of the company's stock worth $11,595,000 after acquiring an additional 652,558 shares in the last quarter. Finally, Vontobel Holding Ltd. bought a new position in BlackBerry in the 3rd quarter worth about $861,000. Institutional investors own 54.48% of the company's stock.
BlackBerry Company Profile
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Get Free Report)
BlackBerry Limited (NYSE:BB) is a Canadian software company headquartered in Waterloo, Ontario. Once best known for its BlackBerry smartphones and secure mobile messaging, the company has transitioned away from manufacturing smartphones and now focuses on cybersecurity and Internet of Things (IoT) software.
BlackBerry's cybersecurity business provides endpoint security, unified endpoint management, secure communications and other tools designed to protect devices, applications and data.
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