Sandeep Chennakeshu Sells 199,104 Shares of BlackBerry Ltd (BB) Stock
BlackBerry Ltd (TSE:BB) (NASDAQ:BBRY) insider Sandeep Chennakeshu sold 199,104 shares of the firm’s stock in a transaction dated Friday, August 18th. The stock was sold at an average price of C$8.56, for a total value of C$1,704,330.24.
Sandeep Chennakeshu also recently made the following trade(s):
- On Monday, July 31st, Sandeep Chennakeshu sold 394,298 shares of BlackBerry stock. The stock was sold at an average price of C$9.49, for a total value of C$3,741,888.02.
Shares of BlackBerry Ltd (BB) opened at 11.04 on Wednesday. The company’s 50 day moving average price is $12.06 and its 200-day moving average price is $11.82. BlackBerry Ltd has a 12-month low of $8.98 and a 12-month high of $15.82. The firm has a market cap of $5.86 billion and a P/E ratio of 45.43.
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BB has been the subject of several recent analyst reports. Royal Bank Of Canada reissued a “sector perform” rating and issued a C$12.50 price target on shares of BlackBerry in a report on Tuesday, June 27th. BMO Capital Markets reissued a “market perform” rating and issued a C$10.00 price target on shares of BlackBerry in a report on Monday, June 26th. Scotiabank raised their price target on BlackBerry to C$14.50 and gave the stock an “outperform” rating in a report on Monday, June 26th. Finally, Raymond James Financial, Inc. downgraded 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. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. BlackBerry currently has an average rating of “Hold” and a consensus price target of C$11.25.
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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