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

BlackBerry Limited (NYSE:BB) CEO John Joseph Giamatteo sold 29,402 shares of BlackBerry stock in a transaction on Monday, January 6th. The stock was sold at an average price of $4.00, for a total transaction of $117,608.00. Following the completion of the transaction, the chief executive officer now directly owns 490,761 shares in the company, valued at approximately $1,963,044. The trade was a 5.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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 transaction of $573,399.20.

BlackBerry Price Performance

Shares of NYSE BB opened at $4.07 on Thursday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.44 and a current ratio of 1.44. The company has a 50 day simple moving average of $2.89 and a two-hundred day simple moving average of $2.57. BlackBerry Limited has a fifty-two week low of $2.01 and a fifty-two week high of $4.35. The company has a market capitalization of $2.41 billion, a price-to-earnings ratio of -16.28 and a beta of 1.30.

BlackBerry (NYSE:BB) last issued its quarterly earnings results on Thursday, December 19th. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $143.00 million during the quarter, compared to the consensus estimate of $144.84 million. During the same period last year, the company earned $0.01 earnings per share. The company’s revenue was down 5.9% on a year-over-year basis. Analysts expect that BlackBerry Limited will post -0.06 EPS for the current fiscal year.

Hedge Funds Weigh In On BlackBerry

Several hedge funds and other institutional investors have recently bought and sold shares of BB. EP Wealth Advisors LLC purchased a new stake in BlackBerry during the second quarter valued at $28,000. Northwestern Mutual Wealth Management Co. increased its position in shares of BlackBerry by 83.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 11,769 shares of the company’s stock valued at $29,000 after purchasing an additional 5,349 shares during the last quarter. Quantinno Capital Management LP bought a new position in shares of BlackBerry in the 3rd quarter worth approximately $38,000. International Assets Investment Management LLC lifted its stake in shares of BlackBerry by 60.7% in the 3rd quarter. International Assets Investment Management LLC now owns 20,769 shares of the company’s stock worth $540,000 after purchasing an additional 7,842 shares during the period. Finally, Signaturefd LLC grew its position in BlackBerry by 65.5% during the third quarter. Signaturefd LLC now owns 22,898 shares of the company’s stock valued at $60,000 after buying an additional 9,063 shares during the period. Institutional investors own 54.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. StockNews.com raised BlackBerry from a “sell” rating to a “hold” rating in a research report on Monday, December 9th. CIBC upped their target price on BlackBerry from $3.50 to $3.60 and gave the company an “outperform” rating in a report on Thursday, October 17th. Canaccord Genuity Group lifted their price target on shares of BlackBerry from $2.80 to $3.00 and gave the company a “hold” rating in a report on Friday, December 20th. TD Cowen upgraded shares of BlackBerry from a “hold” rating to a “buy” rating and upped their price objective for the stock from $3.25 to $4.00 in a report on Friday, December 20th. Finally, TD Securities raised shares of BlackBerry from a “hold” rating to a “buy” rating and lifted their target price for the company from $3.25 to $4.00 in a research note on Friday, December 20th. Six analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $3.60.

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.