BlackBerry (TSE:BB) Insider Sells 8,441 Shares of Company Stock

BlackBerry Limited (TSE:BB) (NASDAQ:BBRY) insider Tim Foote sold 8,441 shares of the business’s stock in a transaction dated Friday, October 9th. The stock was sold at an average price of C$11.68, for a total value of C$98,590.88. Following the transaction, the insider owned 71,616 shares of the company’s stock, valued at C$836,474.88. The trade was a 10.54% decrease in their ownership of the stock.

Tim Foote also recently made the following trade(s):

• On Friday, October 2nd, Tim Foote sold 3,269 shares of BlackBerry stock. The shares were sold at an average price of C$12.85, for a total value of C$42,006.65.

BlackBerry Trading Down 4.9%

Shares of BB stock traded down C$0.62 on Tuesday, reaching C$12.09. The company had a trading volume of 4,114,355 shares, compared to its average volume of 3,846,245. 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 stock has a market cap of C$7.10 billion, a PE ratio of 93.00, a PEG ratio of 0.06 and a beta of 0.97. The company has a 50-day moving average of C$11.74 and a 200-day moving average of C$11.01. BlackBerry Limited has a 12 month low of C$4.35 and a 12 month high of C$18.45.

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

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus set a C$12.00 target price on shares of BlackBerry and gave the company a “buy” rating in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, BlackBerry 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.