Blackbird (LON:BIRD) Trading 14.5% Higher on Insider Buying Activity

Shares of Blackbird plc (LON:BIRD) traded up 14.5% during trading on Wednesday following insider buying activity. The stock traded as high as GBX 2.19 and last traded at GBX 2.18. 1,072,715 shares changed hands during trading, an increase of 4% from the average session volume of 1,029,315 shares. The stock had previously closed at GBX 1.90.

Specifically, insider Ian McDonough purchased 2,560,700 shares of the company’s stock in a transaction on Tuesday, March 24th. The shares were acquired at an average price of GBX 2 per share, for a total transaction of £51,214.

Blackbird Stock Down 8.4%

The stock has a market capitalization of £8.22 million, a PE ratio of -2.80 and a beta of 0.80. The firm has a 50 day moving average price of GBX 2.20 and a 200-day moving average price of GBX 2.36.

Blackbird (LON:BIRD) last issued its quarterly earnings results on Monday, March 23rd. The company reported GBX (0.62) earnings per share for the quarter. Blackbird had a negative return on equity of 40.32% and a negative net margin of 188.48%.

About Blackbird

Blackbird plc operates in the fast-growing SaaS, Media and Entertainment and content creation markets. Blackbird plc’s patented technology allows for frame accurate navigation, playback, viewing and editing in the cloud and it has two products.

BlackbirdⓇ a market leading suite of cloud-native computing applications, is used by rights holders, broadcasters, sports and news video specialists, live events and content owners, post production houses, other mass market digital video channels and corporations.

elevate.io is the company’s new browser-based collaborative content creation platform currently in general release.