BlackBerry (TSE:BB) Insider Sells C$39,336.84 in Stock

BlackBerry Limited (TSE:BB) (NASDAQ:BBRY) insider Jennifer Mary Armstrong-Owen sold 2,556 shares of the firm’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of C$15.39, for a total value of C$39,336.84. Following the sale, the insider directly owned 101,751 shares in the company, valued at approximately C$1,565,947.89. This trade represents a 2.45% decrease in their ownership of the stock.

BlackBerry Trading Up 3.0%

Shares of TSE:BB opened at C$16.23 on Friday. The company has a current ratio of 2.20, a quick ratio of 1.49 and a debt-to-equity ratio of 29.45. BlackBerry Limited has a 12-month low of C$4.35 and a 12-month high of C$18.45. The business has a 50 day moving average of C$12.15 and a two-hundred day moving average of C$7.62. The company has a market capitalization of C$9.51 billion, a PE ratio of 162.30, a PEG ratio of 0.06 and a beta of 1.16.

BlackBerry (TSE:BB) (NASDAQ:BBRY) last posted its earnings results on Thursday, June 25th. The company reported C$0.06 earnings per share for the quarter. BlackBerry had a net margin of 10.32% and a return on equity of 8.10%. The firm had revenue of C$210.94 million during the quarter. As a group, analysts forecast that BlackBerry Limited will post 0.0551903 EPS for the current year.

Analyst Ratings Changes

Separately, Stifel Nicolaus set a C$12.00 target price on shares of BlackBerry and gave the stock 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 given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$12.00.

BlackBerry Company Profile

BlackBerry, once known for being the world’s largest smartphone manufacturer, is now exclusively a software provider with a stated goal of end-to-end secure communication for enterprises. The firm provides endpoint management and protection to enterprises, specializing in regulated industries like government, as well as embedded software to the automotive, medical, and industrial markets.