John Joseph Giamatteo Sells 29,402 Shares of BlackBerry Limited (NYSE:BB) Stock

BlackBerry Limited (NYSE:BB) CEO John Joseph Giamatteo sold 29,402 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $4.00, for a total value of $117,608.00. Following the completion of the transaction, the chief executive officer now owns 490,761 shares of the company’s stock, valued at $1,963,044. This trade represents a 5.65 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Thursday, January 2nd, John Joseph Giamatteo sold 155,815 shares of BlackBerry stock. The shares were sold at an average price of $3.68, for a total value of $573,399.20.

BlackBerry Price Performance

Shares of NYSE:BB traded up $0.01 during trading on Wednesday, reaching $4.07. 22,024,251 shares of the company’s stock traded hands, compared to its average volume of 21,382,383. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.27. BlackBerry Limited has a fifty-two week low of $2.01 and a fifty-two week high of $4.35. The company has a 50-day simple moving average of $2.89 and a 200-day simple moving average of $2.57. The firm has a market cap of $2.41 billion, a PE ratio of -16.28 and a beta of 1.30.

BlackBerry (NYSE:BB) last posted its quarterly earnings data on Thursday, December 19th. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.03. BlackBerry had a negative return on equity of 3.38% and a negative net margin of 21.66%. The business had revenue of $143.00 million during the quarter, compared to analysts’ expectations of $144.84 million. During the same period in the previous year, the business earned $0.01 earnings per share. The business’s revenue was down 5.9% compared to the same quarter last year. As a group, analysts predict that BlackBerry Limited will post -0.06 earnings per share for the current year.

Wall Street Analyst Weigh In

BB has been the topic of a number of recent research reports. TD Securities upgraded BlackBerry from a “hold” rating to a “buy” rating and upped their target price for the company from $3.25 to $4.00 in a research report on Friday, December 20th. CIBC increased their price objective on shares of BlackBerry from $3.50 to $3.60 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Robert W. Baird boosted their target price on shares of BlackBerry from $3.00 to $3.50 and gave the company a “neutral” rating in a research report on Friday, December 20th. StockNews.com raised shares of BlackBerry from a “sell” rating to a “hold” rating in a report on Monday, December 9th. Finally, TD Cowen upgraded BlackBerry from a “hold” rating to a “buy” rating and lifted their price objective for the company from $3.25 to $4.00 in a research note on Friday, December 20th. Six equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, BlackBerry has an average rating of “Moderate Buy” and a consensus price target of $3.60.

Hedge Funds Weigh In On BlackBerry

Large investors have recently added to or reduced their stakes in the stock. Barclays PLC raised its stake in BlackBerry by 60.2% in the 3rd quarter. Barclays PLC now owns 249,218 shares of the company’s stock valued at $652,000 after purchasing an additional 93,651 shares during the last quarter. Toronto Dominion Bank raised its position in shares of BlackBerry by 5.3% in the third quarter. Toronto Dominion Bank now owns 718,314 shares of the company’s stock valued at $1,882,000 after buying an additional 36,372 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of BlackBerry by 2.9% in the third quarter. Geode Capital Management LLC now owns 267,073 shares of the company’s stock worth $706,000 after buying an additional 7,652 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in BlackBerry during the third quarter worth about $410,000. Finally, Orion Portfolio Solutions LLC grew its stake in BlackBerry by 121.1% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 37,916 shares of the company’s stock valued at $99,000 after acquiring an additional 20,771 shares in the last quarter. 54.48% of the stock is currently owned by institutional investors and hedge funds.

BlackBerry Company Profile

BlackBerry Limited provides intelligent security software and services to enterprises and governments worldwide. The company operates through three segments: Cybersecurity, IoT, and Licensing and Other. The company offers CylanceENDPOINT, an integrated endpoint security solution; CylanceGUARD, a managed detection and response solution; CylanceEDGE, an AI-powered continuous authentication zero trust network access solution; CylanceINTELLIGENCE, a contextual cyber threat intelligence service; BlackBerry Dynamics offers a development platform and secure container for mobile applications; BlackBerry Workspaces a secure Enterprise File Sync and Share (EFSS) solution; BlackBerry Messenger (BBM) Enterprise, an enterprise-grade secure instant messaging solution for messaging, voice and video; BlackBerry SecuSUITE is a certified, multi-OS voice and text messaging solution; BlackBerry AtHoc, a secure networked critical event management solution; and BlackBerry unified endpoint management (UEM) solutions.