BlackBerry (TSE:BB) Insider John Joseph Giamatteo Sells 27,004 Shares of Company Stock

BlackBerry Limited (TSE:BB) (NASDAQ:BBRY) insider John Joseph Giamatteo sold 27,004 shares of the firm’s stock in a transaction that occurred on Friday, October 9th. The stock was sold at an average price of C$11.68, for a total transaction of C$315,406.72. Following the sale, the insider owned 792,494 shares in the company, valued at approximately C$9,256,329.92. The trade was a 3.30% decrease in their position.

John Joseph Giamatteo also recently made the following trade(s):

• On Friday, October 2nd, John Joseph Giamatteo sold 29,272 shares of BlackBerry stock. The shares were sold at an average price of C$12.85, for a total transaction of C$376,145.20.

BlackBerry Price Performance

Shares of TSE:BB opened at C$12.09 on Wednesday. The company has a market capitalization of C$7.10 billion, a P/E ratio of 93.00, a P/E/G ratio of 0.06 and a beta of 0.97. BlackBerry Limited has a 1-year low of C$4.35 and a 1-year high of C$18.45. The firm’s 50 day simple moving average is C$11.74 and its two-hundred day simple moving average is C$11.01. The company has a debt-to-equity ratio of 27.92, a current ratio of 2.38 and a quick ratio of 1.49.

BlackBerry (TSE:BB) (NASDAQ:BBRY) last announced its quarterly earnings data on Thursday, September 24th. The company reported C$0.10 earnings per share (EPS) for the quarter. The firm 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%. Research analysts expect that BlackBerry Limited will post 0.06 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.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$12.00.

About BlackBerry

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.