BlackBerry (BB) CEO John Joseph Giamatteo Sells $1.4M of Stock

By TradeTexts Research Desk Oct 22, 2026, 5:01 PM EDT

Key Points

John Joseph Giamatteo sold 151,000 shares of BlackBerry Limited on October 21, 2026, for a total value of $1,419,400 at a price of $9.40 per share.
The transaction reduced the executive's direct holdings to 641,494 shares, marking an ownership drop of roughly 19.05%.
BlackBerry posted trailing twelve-month revenue of $614 million with earnings of $0.13 per share ahead of its next earnings report scheduled for December 17, 2026.

Since the trade, $BB is down 8.7% to date (from the $9.41 close on Oct 21, 2026).

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John Joseph Giamatteo, CEO & President of Secure Communications at BlackBerry Limited BB, sold 151,000 shares of company stock on October 21, 2026. According to a Form 4 filing with the SEC, the transaction was executed at a price of $9.40 per share for a total value of $1,419,400.

BB BlackBerry Limited

$8.59 +126.05% year to date

Daily close · Oct 22, 2026

Inside John Joseph Giamatteo's BlackBerry Trade

The sale lowered the executive's direct stake by 19.05%, leaving him with 641,494 shares of BlackBerry. This follows an earlier sale of 27,004 shares by the same executive on October 9, 2026. The stock closed at $9.41 on the day of the trade.

Other Institutional Activity in BlackBerry

Legal & General Group PLC grew its holdings by 3,211,374 shares, ending with 38,079,716 shares worth about $327,104,766. Voya Investment Management LLC grew its holdings by 2,255,851 shares, ending with 27,919,687 shares worth about $239,830,115. First Trust Advisors LP grew its holdings by 2,646,694 shares, ending with 19,147,278 shares worth about $164,475,120. Shaw D.E. & Co., Inc. grew its holdings by 12,951,940 shares, ending with 13,321,027 shares worth about $114,427,623. First Trust Advisors reduced its holdings by 8,490,714 shares, ending with 16,500,938 shares worth about $208,736,859.

BlackBerry Limited Stock Down 3.2%

Shares recently traded around $8.59 on October 22, 2026, sitting 8.7% below their event-day close and 36.8% below the 52-week high of $13.59.

Recent Earnings

BlackBerry reported trailing twelve-month revenue of $614 million alongside earnings of $0.13 per share. The company recorded a net profit margin of 13.1% and a return on equity of 10.6%. Its next earnings report is scheduled for December 17, 2026.

Earnings drift grade

Outlook vs expectations on the last report — not price action.

C 60/100

Reported Jun 25, 2026

Forward outlook
Analyst view held steady after the report.
EPS & revenue
EPS beat estimates by 38.9%. Revenue beat estimates by 10.8%.
Profit surprise
Pre-earnings setup
Expectations were about average going in.
Analyst signal
Earnings quality

Earnings Call Summary

BlackBerry delivered a strong second quarter with total revenue of $129.6 million, up 3 percent year over year, and all three divisions beat guidance. QNX revenue hit $63.1 million with 15 percent growth and 32 percent EBITDA margin, driven by royalties and new design wins including a mid-eight-figure ADAS deal in China. The company achieved positive cash flow of $3.4 million despite paying $19 million in back taxes, and management noted that the pause in automotive programs appears to be ending with more momentum expected in the second half of the year.

Guidance They raised full-year revenue to between $519 billion and $541 million, up from earlier guidance, driven by strength in QNX and Secure Communications. They expect third quarter revenue between $132 million and $140 million, with the company planning to generate $35 to $40 million in operating cash flow for the full year plus an additional $38 million from a prior sale.

Neutral report. Results and guidance were close to expectations, with limited evidence of a reset either way.

Insider Buying and Selling at BlackBerry Limited

Chief Financial Officer Tim Foote sold 8,441 shares on October 9, 2026, at an average price of $8.36 for a total value of $70,566.76. John Joseph Giamatteo sold 27,004 shares on October 9, 2026, at $8.36 per share for a total of $225,753.44. CLO & Corp. Secretary Philip S. Kurtz sold 6,164 shares on October 9, 2026, at $8.45 per share for a total value of $52,085.80. Sr VP & Chief People Officer Jennifer Armstrong-Owen sold 3,379 shares on October 9, 2026, at $8.36 per share totaling $28,248.44.

Analysts Set New Price Targets

On June 29, 2026, RBC Capital maintained a Sector Perform rating with a target of $9.00. On September 21, 2026, RBC Capital reiterated its Sector Perform rating at a $9.00 target. Canaccord Genuity maintained a Hold rating with a $9.50 target on September 25, 2026. RBC Capital reiterated a Sector Perform rating at $9.00 on September 25, 2026. Amerx initiated a Buy rating with a $13.50 target on October 8, 2026. BlackBerry carries a consensus hold rating with a mean price target of $9.80 across seven analyst opinions.

About BlackBerry

BlackBerry Limited builds intelligent software and enterprise security tools for corporate clients and government agencies around the globe. The Waterloo-based firm organizes its operations across three main divisions, focusing on secure communication channels, automotive operating systems through QNX, and software licensing.

Bottom Line

Investors are keeping an eye on upcoming corporate updates as the company prepares for its next earnings release in December. SEC Form 4 filings provide ongoing transparency into executive transactions as shares trade near recent moving averages.