BlackBerry (TSE:BB) Stock: Insider Jennifer Mary Armstrong-Owen Sells 3,379 Shares

BlackBerry Limited (TSE:BB) (NASDAQ:BBRY) insider Jennifer Mary Armstrong-Owen sold 3,379 shares of the stock in a transaction on Friday, October 9th. The stock was sold at an average price of C$11.68, for a total transaction of C$39,466.72. Following the completion of the sale, the insider owned 113,904 shares in the company, valued at approximately C$1,330,398.72. This trade represents a 2.88% decrease in their ownership of the stock.

Jennifer Mary Armstrong-Owen also recently made the following trade(s):

• On Friday, October 2nd, Jennifer Mary Armstrong-Owen sold 2,590 shares of BlackBerry stock. The stock was sold at an average price of C$12.85, for a total transaction of C$33,281.50.

BlackBerry Trading Down 4.9%

Shares of BB stock traded down C$0.62 on Tuesday, hitting C$12.09. The stock had a trading volume of 4,114,355 shares, compared to its average volume of 3,846,245. BlackBerry Limited has a twelve month low of C$4.35 and a twelve month high of C$18.45. The firm has a market cap of C$7.10 billion, a P/E ratio of 93.00, a PEG ratio of 0.06 and a beta of 0.97. 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 company has a fifty day moving average price of C$11.74 and a two-hundred day moving average price of C$11.01.

BlackBerry (TSE:BB) (NASDAQ:BBRY) last released its quarterly earnings data on Thursday, September 24th. The company reported C$0.10 EPS for the quarter. The business had revenue of C$219.02 million during the quarter. BlackBerry had a net margin of 13.11% and a return on equity of 10.66%. As a group, analysts forecast that BlackBerry Limited will post 0.06 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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