BlackBerry Ltd (TSE:BB) (NASDAQ:BBRY) insider Sandeep Chennakeshu sold 394,298 shares of the stock in a transaction on Monday, July 31st. The shares were sold at an average price of C$9.49, for a total value of C$3,741,888.02.

Shares of BlackBerry Ltd (TSE BB) traded down 0.67% during mid-day trading on Thursday, reaching $11.85. 928,585 shares of the company’s stock traded hands. The firm has a market cap of $6.29 billion and a price-to-earnings ratio of 48.77. The company’s 50 day moving average is $13.00 and its 200-day moving average is $11.62. BlackBerry Ltd has a 52 week low of $8.58 and a 52 week high of $15.82.

TRADEMARK VIOLATION NOTICE: “BlackBerry Ltd (BB) Insider Sells C$3,741,888.02 in Stock” was originally posted by American Banking News and is the sole property of of American Banking News. If you are reading this piece on another publication, it was stolen and republished in violation of US & international copyright and trademark law. The original version of this piece can be viewed at

A number of brokerages have recently commented on BB. Royal Bank Of Canada increased their price objective on BlackBerry to C$12.50 and gave the company a “sector perform” rating in a research report on Thursday, April 13th. BMO Capital Markets reiterated a “market perform” rating and set a C$10.00 price objective on shares of BlackBerry in a research report on Monday, June 26th. Raymond James Financial, Inc. downgraded BlackBerry from an “outperform” rating to a “market perform” rating and set a C$13.50 price objective for the company. in a research report on Monday, May 29th. Finally, Scotiabank increased their price objective on BlackBerry to C$14.50 and gave the company an “outperform” rating in a research report on Monday, June 26th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of C$11.25.

BlackBerry Company Profile

BlackBerry Limited operates as security software and services company in securing, connecting, and mobilizing enterprises worldwide. The company operates in three segments: Software & Services, Mobility Solutions, and Service Access Fees (SAF). The Software & Services segment offers enterprise software and services, including mobile-first security, productivity, collaboration, and end-point management solutions for the Enterprise of Things through the BlackBerry Secure platform; BlackBerry technology solutions, such as BlackBerry QNX, Certicom, Paratek, BlackBerry Radar, and intellectual property and licensing; AtHoc, which provides secure, networked crisis communications solutions; SecuSmart that offers secure voice and text messaging solutions with encryption and anti-eavesdropping facilities; licensing and services related to BlackBerry Messenger; and cybersecurity consulting services and tools.

Receive News & Ratings for BlackBerry Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackBerry Ltd and related companies with's FREE daily email newsletter.