BlackBerry (TSE:BB) Insider Sells 3,269 Shares of Stock

BlackBerry Limited (TSE:BB) (NASDAQ:BBRY) insider Tim Foote sold 3,269 shares of the business’s stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of C$12.85, for a total transaction of C$42,006.65. Following the completion of the transaction, the insider directly owned 60,969 shares of the company’s stock, valued at C$783,451.65. The trade was a 5.09% decrease in their position.

BlackBerry Trading Up 5.3%

Shares of BlackBerry stock traded up C$0.69 during mid-day trading on Tuesday, hitting C$13.63. 3,717,819 shares of the stock were exchanged, compared to its average volume of 3,840,823. The stock has a market capitalization of C$8.00 billion, a price-to-earnings ratio of 104.85, a price-to-earnings-growth ratio of 0.06 and a beta of 0.97. BlackBerry Limited has a twelve month low of C$4.35 and a twelve month high of C$18.45. The company has a current ratio of 2.38, a quick ratio of 1.49 and a debt-to-equity ratio of 27.92. The company has a 50-day simple moving average of C$11.63 and a 200 day simple moving average of C$10.67.

BlackBerry (TSE:BB) (NASDAQ:BBRY) last announced its quarterly earnings data on Thursday, September 24th. The company reported C$0.10 earnings per share (EPS) 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%. Research analysts forecast that BlackBerry Limited will post 0.0551903 EPS for the current year.

Analyst Upgrades and Downgrades

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

About BlackBerry

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.