BlackBerry (TSE:BB) Stock: Insider Jennifer Mary Armstrong-Owen Sells 3,379 Shares

BlackBerry Limited (TSE:BB) (NASDAQ:BBRY) insider Jennifer Mary Armstrong-Owen sold 3,379 shares of the firm’s stock in a transaction dated Friday, October 9th. The stock was sold at an average price of C$11.68, for a total value of C$39,466.72. Following the completion of the sale, the insider directly owned 113,904 shares in the company, valued at approximately C$1,330,398.72. The trade was a 2.88% decrease in their ownership of the stock.

Jennifer Mary Armstrong-Owen also recently made the following trade(s):

• On Friday, October 2nd, Jennifer Mary Armstrong-Owen sold 2,590 shares of BlackBerry stock. The shares were sold at an average price of C$12.85, for a total value of C$33,281.50.

BlackBerry Stock Down 3.1%

BB opened at C$11.71 on Thursday. 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$11.73 and a two-hundred day moving average of C$11.06. The company has a debt-to-equity ratio of 27.92, a current ratio of 2.38 and a quick ratio of 1.49. The stock has a market capitalization of C$6.87 billion, a price-to-earnings ratio of 90.08, a price-to-earnings-growth ratio of 0.06 and a beta of 0.97.

BlackBerry (TSE:BB) (NASDAQ:BBRY) last announced its quarterly earnings data on Thursday, September 24th. The company reported C$0.10 earnings per share for the quarter. The business had revenue of C$219.02 million for the quarter. BlackBerry had a net margin of 13.11% and a return on equity of 10.66%. On average, research analysts expect that BlackBerry Limited will post 0.06 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus set a C$12.00 price target on shares of BlackBerry and gave the stock a “buy” rating in a research report 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 MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.