Insider Selling: BlackBerry Ltd (BB) Insider Sells 28,388 Shares of Stock
BlackBerry Ltd (TSE:BB) (NASDAQ:BBRY) insider Nita White-Ivy sold 28,388 shares of BlackBerry stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of C$10.63, for a total transaction of C$301,764.44.
Shares of BlackBerry Ltd (TSE BB) traded down 0.35% during trading on Wednesday, hitting $14.17. 2,032,914 shares of the company’s stock were exchanged. The stock’s market cap is $7.52 billion. BlackBerry Ltd has a 1-year low of $8.15 and a 1-year high of $15.82. The stock’s 50-day moving average price is $14.06 and its 200-day moving average price is $11.01.
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Several equities analysts recently issued reports on the stock. Royal Bank Of Canada reissued a “sector perform” rating and set a C$12.50 price target on shares of BlackBerry in a report on Wednesday. Raymond James Financial, Inc. downgraded shares of BlackBerry from an “outperform” rating to a “market perform” rating and set a C$13.50 price target for the company. in a report on Monday, May 29th. BMO Capital Markets reissued a “market perform” rating and set a C$9.00 price target on shares of BlackBerry in a report on Thursday, April 13th. TD Securities reissued a “buy” rating and set a C$10.00 price target on shares of BlackBerry in a report on Tuesday, March 28th. Finally, Scotiabank reissued a “sector perform” rating and set a C$8.00 price target on shares of BlackBerry in a report on Tuesday, March 28th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. BlackBerry presently has an average rating of “Hold” and a consensus target price of C$9.57.
BlackBerry Limited (BlackBerry) provides mobile communications solutions. The Company is engaged in the sale of smartphones and enterprise software and services. The Company’s products and services include Enterprise Solutions and Services, Devices, BlackBerry Technology Solutions and Messaging. It is engaged in providing enterprise mobility management (EMM) and mobile security, and offers a portfolio of enterprise software solutions and services that can be deployed across a range of ecosystems and devices, including BlackBerry Enterprise Service (BES) 12 and Good Platforms, BES12 Cloud, enterprise file-sync-and-share (EFSS), SecuSUITE for Enterprise, Enhanced subscriber identity module (SIM)-Based Licensing (ESBL), WorkLife by BlackBerry solution and Professional Cybersecurity Services.
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