BlackBerry (TSE:BB) Insider Tim Foote Sells 8,441 Shares of Company Stock

BlackBerry Limited (TSE:BB) (NASDAQ:BBRY) insider Tim Foote sold 8,441 shares of the stock in a transaction on Friday, October 9th. The shares were sold at an average price of C$11.68, for a total transaction of C$98,590.88. Following the transaction, the insider directly owned 71,616 shares in the company, valued at approximately C$836,474.88. This represents a 10.54% decrease in their position.

Tim Foote also recently made the following trade(s):

• On Friday, October 2nd, Tim Foote sold 3,269 shares of BlackBerry stock. The stock was sold at an average price of C$12.85, for a total transaction of C$42,006.65.

BlackBerry Price Performance

Shares of TSE:BB opened at C$12.09 on Wednesday. The company has a quick ratio of 1.49, a current ratio of 2.38 and a debt-to-equity ratio of 27.92. The stock has a market cap of C$7.10 billion, a PE ratio of 93.00, a PEG ratio of 0.06 and a beta of 0.97. The company’s fifty day moving average is C$11.74 and its 200 day moving average is C$11.01. BlackBerry Limited has a 52 week low of C$4.35 and a 52 week high of C$18.45.

BlackBerry (TSE:BB) (NASDAQ:BBRY) last posted its quarterly earnings results on Thursday, September 24th. The company reported C$0.10 earnings per share (EPS) for the quarter. BlackBerry had a net margin of 13.11% and a return on equity of 10.66%. The business had revenue of C$219.02 million during the quarter. Research analysts anticipate that BlackBerry Limited will post 0.06 earnings per share for the current 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 research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average 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.