BlackBerry (TSE:BB) Insider Philip Simon Kurtz Sells 6,164 Shares of Stock

BlackBerry Limited (TSE:BB) (NASDAQ:BBRY) insider Philip Simon Kurtz sold 6,164 shares of the firm’s stock in a transaction dated Friday, October 9th. The shares were sold at an average price of C$12.06, for a total transaction of C$74,337.84. Following the completion of the transaction, the insider directly owned 73,109 shares in the company, valued at C$881,694.54. This represents a 7.78% decrease in their ownership of the stock.

Philip Simon Kurtz also recently made the following trade(s):

• On Friday, October 2nd, Philip Simon Kurtz sold 4,168 shares of BlackBerry stock. The stock was sold at an average price of C$13.08, for a total value of C$54,517.44.

BlackBerry Price Performance

TSE:BB opened at C$12.09 on Wednesday. BlackBerry Limited has a 12 month low of C$4.35 and a 12 month high of C$18.45. The stock has a 50 day moving average of C$11.74 and a two-hundred day moving average of C$11.01. 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$7.10 billion, a P/E ratio of 93.00, a price-to-earnings-growth ratio of 0.06 and a beta of 0.97.

BlackBerry (TSE:BB) (NASDAQ:BBRY) last announced its earnings results 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 return on equity of 10.66% and a net margin of 13.11%. On average, analysts expect that BlackBerry Limited will post 0.06 earnings per share 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 stock a “buy” rating in a research report on Wednesday, June 24th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus 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.