Insider Buying: Blackbird (LON:BIRD) Insider Acquires £51,214 in Stock

Blackbird plc (LON:BIRD) insider Ian McDonough bought 2,560,700 shares of the firm’s stock in a transaction dated Tuesday, March 24th. The stock was purchased at an average price of GBX 2 per share, for a total transaction of £51,214.

Blackbird Price Performance

Shares of LON:BIRD opened at GBX 1.85 on Friday. Blackbird plc has a 1 year low of GBX 1.62 and a 1 year high of GBX 5.50. The firm has a market capitalization of £8.89 million, a PE ratio of -3.03 and a beta of 0.80. The business’s 50 day moving average price is GBX 2.20 and its 200-day moving average price is GBX 2.36.

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

Blackbird Company Profile

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.