BlackBerry Ltd (BB) Insider Sells C$3,741,888.02 in Stock
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.
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.
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