BlackBerry (TSE:BB) Stock: Insider John Joseph Giamatteo Sells 27,004 Shares

BlackBerry Limited (TSE:BB – Get Free Report) (NASDAQ:BBRY) insider John Joseph Giamatteo sold 27,004 shares of the company’s stock in a transaction 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 transaction, the insider directly owned 792,494 shares in the company, valued at C$9,256,329.92. This represents a 3.30% decrease in their position.

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

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• 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 Stock Performance

BB traded down C$0.62 during trading hours on Tuesday, hitting C$12.09. The stock had a trading volume of 4,114,355 shares, compared to its average volume of 3,846,245. The company’s fifty day simple moving average is C$11.74 and its 200 day simple moving average is C$11.01. BlackBerry Limited has a 1 year low of C$4.35 and a 1 year high of C$18.45. The stock has a market cap of C$7.10 billion, a PE ratio of 93.00, a price-to-earnings-growth ratio of 0.06 and a beta of 0.97. The company has a quick ratio of 1.49, a current ratio of 2.38 and a debt-to-equity ratio of 27.92.

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

Analyst Ratings Changes

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

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About BlackBerry

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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.

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