BlackBerry (BB) CEO John Joseph Giamatteo Sells $865K of Stock

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

Key Points

John Joseph Giamatteo sold 99,000 shares of BlackBerry Limited on October 22, 2026, at an average price of $8.74, reducing his stake by about 15.4%.
After the trade, John Joseph Giamatteo holds 542,494 $BB shares, down 15.43% from before the trade.
The stock recently traded around $8.59, sitting well above its 200-day moving average while analysts maintain a consensus hold rating.
BlackBerry posted trailing-twelve-month revenue of $614 million with positive net income, ahead of its next earnings report scheduled for December 17, 2026.

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John Joseph Giamatteo, CEO & President of Secure Communications at BlackBerry Limited (NYSE: BB), sold 99,000 shares of the company on October 22, 2026. According to a Form 4 filing with the Securities and Exchange Commission, the transaction carried a total value of $865,260 based on a per-share price of $8.74. This follows earlier insider transactions at the company earlier in the month, including sales by Chief Financial Officer Tim Foote and other executives.

BB BlackBerry Limited

$8.59 +126.05% year to date

Daily close · Oct 22, 2026

Inside John Joseph Giamatteo's BlackBerry Trade

Giamatteo executed the sale at a price of $8.74 per share, trimming his holdings by a 15.4% margin. Following the transaction, the executive retains 542,494 shares of BlackBerry stock. The filing notes that the trade was not executed under a pre-arranged Rule 10b5-1 trading plan.

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 $327.1 million. Voya Investment Management LLC added 2,255,851 shares for a total stake of 27,919,687 shares valued at roughly $239.8 million. First Trust Advisors LP lifted its position by 2,646,694 shares to hold 19,147,278 shares worth about $164.5 million, while Shaw D.E. & Co., Inc. expanded its holdings by 12,951,940 shares to reach 13,321,027 shares valued at approximately $114.4 million. Conversely, First Trust Advisors reduced its stake by 8,490,714 shares down to 16,500,938 shares worth about $208.7 million.

BlackBerry Limited Stock Down 3.2%

BlackBerry shares closed at $8.59 on October 22, 2026, matching its recent trading price. The stock trades notably above its 200-day moving average of $6.68 and sits below its 52-week high of $13.59. Analysts hold a consensus hold rating on the security with a mean target price of $9.80.

Recent Earnings

The software provider reported $614 million in trailing-twelve-month revenue alongside earnings of $0.13 per share. The company registered a net profit margin of 13.1% and a return on equity of 10.6% for the period. BlackBerry's next financial update is slated 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

Earlier in October, several other leaders trimmed their holdings, including Chief Financial Officer Tim Foote, CLO Philip S. Kurtz, and Chief People Officer Jennifer Armstrong-Owen.

Analysts Set New Price Targets

Firms covering the security include RBC Capital, Canaccord Genuity, and Amerx, with price targets ranging up to $13.50.

About BlackBerry Limited

BlackBerry Limited builds intelligent software and enterprise services for corporate and government clients globally, operating through segments focused on secure communications, automotive software, and technology licensing.

Bottom Line

Investors will look to BlackBerry's upcoming earnings report on December 17, 2026, for further updates on its software and licensing segments. Insider transactions will continue to draw scrutiny as the company approaches its next reporting milestone.