Insider Selling: BlackBerry (TSE:BB) Insider Sells C$376,145.20 in Stock

BlackBerry Limited (TSE:BB) (NASDAQ:BBRY) insider John Joseph Giamatteo sold 29,272 shares of the business’s stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of C$12.85, for a total value of C$376,145.20. Following the transaction, the insider directly owned 758,416 shares in the company, valued at C$9,745,645.60. This trade represents a 3.72% decrease in their ownership of the stock.

BlackBerry Price Performance

BB opened at C$12.27 on Friday. The company has a fifty day simple moving average of C$11.72 and a 200 day simple moving average of C$10.84. The company has a current ratio of 2.38, a quick ratio of 1.49 and a debt-to-equity ratio of 27.92. The firm has a market cap of C$7.20 billion, a price-to-earnings ratio of 94.38, a PEG ratio of 0.06 and a beta of 0.97. BlackBerry Limited has a twelve month low of C$4.35 and a twelve month high of C$18.45.

BlackBerry (TSE:BB) (NASDAQ:BBRY) last announced its earnings results on Thursday, September 24th. The company reported C$0.10 earnings per share (EPS) for the quarter. BlackBerry had a return on equity of 10.66% and a net margin of 13.11%.The business had revenue of C$219.02 million for the quarter. Equities research analysts expect that BlackBerry Limited will post 0.0551903 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus set a C$12.00 price target on BlackBerry and gave the company a “buy” rating in a research report on Wednesday, June 24th. One 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 presently has an average rating of “Moderate Buy” and an average price target of C$12.00.

BlackBerry Company Profile

BlackBerry (NYSE:BB)(TSX:BB) provides enterprises and governments the intelligent software and services that power the world around us. Based in Waterloo, Ontario, the company’s high-performance foundational software enables major automakers and industrial giants alike to unlock transformative applications, drive new revenue streams and launch innovative business models, all without sacrificing safety, security, and reliability. With a deep heritage in Secure Communications, BlackBerry delivers operational resiliency with a comprehensive, highly secure, and extensively certified portfolio for mobile fortification, mission-critical communications, and critical events management.