Insider Selling: BlackBerry (TSE:BB) Insider Sells 28,272 Shares

BlackBerry Limited (TSE:BB) (NASDAQ:BBRY) insider John Joseph Giamatteo sold 28,272 shares of the company’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of C$15.39, for a total value of C$435,106.08. Following the transaction, the insider directly owned 937,246 shares of the company’s stock, valued at approximately C$14,424,215.94. This represents a 2.93% decrease in their ownership of the stock.

BlackBerry Stock Performance

Shares of BlackBerry stock opened at C$16.11 on Tuesday. 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 Limited has a 52 week low of C$4.35 and a 52 week high of C$18.45. The firm’s 50 day moving average is C$11.62 and its two-hundred day moving average is C$7.40. The firm has a market capitalization of C$9.44 billion, a P/E ratio of 161.10, a P/E/G ratio of 0.06 and a beta of 1.16.

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

Analyst Ratings Changes

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

About BlackBerry

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.