Insider Selling: BlackBerry (TSE:BB) Insider Sells 2,556 Shares

BlackBerry Limited (TSE:BB) (NASDAQ:BBRY) insider Jennifer Mary Armstrong-Owen sold 2,556 shares of the stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of C$15.39, for a total value of C$39,336.84. Following the sale, the insider directly owned 101,751 shares of the company’s stock, valued at approximately C$1,565,947.89. The trade was a 2.45% decrease in their ownership of the stock.

BlackBerry Stock Performance

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

BlackBerry (TSE:BB) (NASDAQ:BBRY) last issued its quarterly earnings data on Thursday, June 25th. The company reported C$0.06 EPS for the quarter. The business had revenue of C$210.94 million for the quarter. BlackBerry had a net margin of 10.32% and a return on equity of 8.10%. On average, analysts forecast that BlackBerry Limited will post 0.0551903 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus set a C$12.00 price target on BlackBerry and gave the company a “buy” rating in a report on Wednesday, June 24th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently 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.