Insider Selling: BlackBerry (TSE:BB) Insider Sells 96,858 Shares of Company Stock

BlackBerry Limited (TSE:BB) (NASDAQ:BBRY) insider John Joseph Giamatteo sold 96,858 shares of the firm’s stock in a transaction dated Wednesday, October 21st. The shares were sold at an average price of C$9.40, for a total value of C$910,465.20. Following the transaction, the insider owned 695,636 shares in the company, valued at approximately C$6,538,978.40. This trade represents a 12.22% decrease in their ownership of the stock.

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

• On Wednesday, October 21st, John Joseph Giamatteo sold 495 shares of BlackBerry stock. The stock was sold at an average price of C$9.40, for a total value of C$4,653.00.
• On Wednesday, October 21st, John Joseph Giamatteo sold 37,683 shares of BlackBerry stock. The stock was sold at an average price of C$9.41, for a total value of C$354,597.03.
• On Wednesday, October 21st, John Joseph Giamatteo sold 8,850 shares of BlackBerry stock. The stock was sold at an average price of C$9.41, for a total value of C$83,278.50.
• On Wednesday, October 21st, John Joseph Giamatteo sold 7,064 shares of BlackBerry stock. The shares were sold at an average price of C$9.42, for a total value of C$66,542.88.
• On Wednesday, October 21st, John Joseph Giamatteo sold 50 shares of BlackBerry stock. The shares were sold at an average price of C$9.42, for a total value of C$471.00.
• On Thursday, October 22nd, John Joseph Giamatteo sold 99,000 shares of BlackBerry stock. The shares were sold at an average price of C$8.74, for a total value of C$865,260.00.
• On Friday, October 9th, John Joseph Giamatteo sold 27,004 shares of BlackBerry stock. The stock was sold at an average price of C$11.68, for a total value of C$315,406.72.
• On Friday, October 2nd, John Joseph Giamatteo sold 29,272 shares of BlackBerry stock. The stock was sold at an average price of C$12.85, for a total value of C$376,145.20.

BlackBerry Stock Performance

BB stock traded up C$0.32 during midday trading on Friday, hitting C$12.34. 1,667,331 shares of the company traded hands, compared to its average volume of 3,883,521. BlackBerry Limited has a twelve month low of C$4.35 and a twelve month high of C$18.45. The company has a quick ratio of 1.49, a current ratio of 2.38 and a debt-to-equity ratio of 27.92. The business has a 50 day simple moving average of C$11.70 and a 200-day simple moving average of C$11.38. The stock has a market capitalization of C$7.24 billion, a price-to-earnings ratio of 94.92, a price-to-earnings-growth ratio of 0.06 and a beta of 0.97.

BlackBerry (TSE:BB) (NASDAQ:BBRY) last issued its quarterly earnings data on Thursday, September 24th. The company reported C$0.10 earnings per share 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, equities research analysts predict that BlackBerry Limited will post 0.06 earnings per share for the current year.

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.