Insider Selling: BlackBerry (TSE:BB) Insider Sells C$315,406.72 in Stock

BlackBerry Limited (TSE:BB) (NASDAQ:BBRY) insider John Joseph Giamatteo sold 27,004 shares of the company’s stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of C$11.68, for a total value of C$315,406.72. Following the sale, the insider directly owned 792,494 shares of the company’s stock, valued at approximately C$9,256,329.92. This represents a 3.30% decrease in their ownership of the stock.

John Joseph Giamatteo also recently made the following trade(s):

• On Friday, October 2nd, John Joseph Giamatteo sold 29,272 shares of BlackBerry stock. The stock was sold at an average price of C$12.85, for a total value of C$376,145.20.

BlackBerry Trading Up 5.6%

Shares of BB stock opened at C$12.36 on Friday. The business’s 50 day moving average is C$11.73 and its two-hundred day moving average is C$11.12. BlackBerry Limited has a twelve month low of C$4.35 and a twelve month high of C$18.45. The company has a market capitalization of C$7.26 billion, a P/E ratio of 95.08, a price-to-earnings-growth ratio of 0.06 and a beta of 0.97. The company has a current ratio of 2.38, a quick ratio of 1.49 and a debt-to-equity ratio of 27.92.

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

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus set a C$12.00 price objective on shares of 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 stock. Based on data from MarketBeat, BlackBerry presently has an average rating of “Moderate Buy” and an average price target 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.