BlackBerry (TSE:BB) Insider Sells 16,597 Shares

BlackBerry Limited (TSE:BB) (NASDAQ:BBRY) insider Tim Foote sold 16,597 shares of the company’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of C$17.21, for a total transaction of C$285,634.37. Following the completion of the transaction, the insider directly owned 68,896 shares of the company’s stock, valued at approximately C$1,185,700.16. The trade was a 19.41% decrease in their ownership of the stock.

Tim Foote also recently made the following trade(s):

• On Thursday, July 2nd, Tim Foote sold 3,066 shares of BlackBerry stock. The shares were sold at an average price of C$15.39, for a total value of C$47,185.74.
• On Thursday, July 2nd, Tim Foote sold 300 shares of BlackBerry stock. The stock was sold at an average price of C$17.22, for a total value of C$5,166.00.
• On Thursday, July 2nd, Tim Foote sold 3,015 shares of BlackBerry stock. The stock was sold at an average price of C$21.34, for a total value of C$64,340.10.
• On Thursday, July 2nd, Tim Foote sold 344 shares of BlackBerry stock. The shares were sold at an average price of C$17.24, for a total value of C$5,930.56.
• On Thursday, July 2nd, Tim Foote sold 2,056 shares of BlackBerry stock. The shares were sold at an average price of C$17.26, for a total value of C$35,486.56.
• On Thursday, July 2nd, Tim Foote sold 500 shares of BlackBerry stock. The shares were sold at an average price of C$17.24, for a total value of C$8,620.00.

BlackBerry Price Performance

BB stock opened at C$16.11 on Tuesday. The stock’s 50 day moving average is C$11.62 and its two-hundred day moving average is C$7.40. BlackBerry Limited has a 52-week low of C$4.35 and a 52-week high of C$18.45. The company has a market capitalization of C$9.44 billion, a PE ratio of 161.10, a P/E/G ratio of 0.06 and a beta of 1.16. The company has a quick ratio of 1.49, a current ratio of 2.20 and a debt-to-equity ratio of 29.45.

BlackBerry (TSE:BB) (NASDAQ:BBRY) last released its earnings results on Thursday, June 25th. The company reported C$0.06 EPS for the quarter. BlackBerry had a return on equity of 8.10% and a net margin of 10.32%.The company had revenue of C$210.94 million during the quarter. Analysts predict that BlackBerry Limited will post 0.0551903 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus set a C$12.00 price target on shares of BlackBerry and gave the stock a “buy” rating in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$12.00.

BlackBerry Company Profile

BlackBerry, once known for being the world’s largest smartphone manufacturer, is now exclusively a software provider with a stated goal of end-to-end secure communication for enterprises. The firm provides endpoint management and protection to enterprises, specializing in regulated industries like government, as well as embedded software to the automotive, medical, and industrial markets.