BlackBerry (TSE:BB) Insider Philip Simon Kurtz Sells 30,000 Shares of Stock

BlackBerry Limited (TSE:BB) (NASDAQ:BBRY) insider Philip Simon Kurtz sold 30,000 shares of BlackBerry stock in a transaction that occurred on Tuesday, July 14th. The shares were sold at an average price of C$15.92, for a total transaction of C$477,600.00. Following the transaction, the insider directly owned 95,158 shares of the company’s stock, valued at approximately C$1,514,915.36. This trade represents a 23.97% decrease in their ownership of the stock.

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

• On Thursday, July 2nd, Philip Simon Kurtz sold 4,195 shares of BlackBerry stock. The shares were sold at an average price of C$16.39, for a total transaction of C$68,756.05.

BlackBerry Trading Down 14.2%

BB stock opened at C$12.84 on Friday. BlackBerry Limited has a 52-week low of C$4.35 and a 52-week high of C$18.45. The company has a quick ratio of 1.49, a current ratio of 2.20 and a debt-to-equity ratio of 29.45. The firm has a market cap of C$7.53 billion, a P/E ratio of 128.40, a PEG ratio of 0.06 and a beta of 1.16. The company’s 50-day simple moving average is C$12.86 and its 200-day simple moving average is C$7.94.

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

Analysts Set New Price Targets

Separately, Stifel Nicolaus set a C$12.00 target price on BlackBerry and gave the company a “buy” rating in a report on Wednesday, June 24th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, BlackBerry currently has an average rating of “Moderate Buy” and a consensus 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.