Philip Simon Kurtz Sells 4,195 Shares of BlackBerry (TSE:BB) Stock

BlackBerry Limited (TSE:BB) (NASDAQ:BBRY) insider Philip Simon Kurtz sold 4,195 shares of the firm’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of C$16.39, for a total transaction of C$68,756.05. Following the completion of the sale, the insider directly owned 120,664 shares of the company’s stock, valued at approximately C$1,977,682.96. This represents a 3.36% decrease in their ownership of the stock.

BlackBerry Price Performance

Shares of TSE BB opened at C$16.11 on Tuesday. BlackBerry Limited has a 1 year low of C$4.35 and a 1 year high of C$18.45. The stock 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. The company’s 50-day moving average is C$11.62 and its 200 day moving average is C$7.40. The company has a debt-to-equity ratio of 29.45, a current ratio of 2.20 and a quick ratio of 1.49.

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

Wall Street Analyst Weigh In

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