BlackBerry Limited (TSE:BB – Get Free Report) (NASDAQ:BBRY) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$8.20 and traded as high as C$12.52. BlackBerry shares last traded at C$12.15, with a volume of 2,906,351 shares changing hands.
Wall Street Analyst Weigh In
Separately, Stifel Nicolaus set a C$12.00 target price on shares of BlackBerry and gave the stock a “buy” rating in a report on Wednesday, June 24th. One 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.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$12.00.
View Our Latest Report on BlackBerry
BlackBerry Price Performance
BlackBerry (TSE:BB – Get Free Report) (NASDAQ:BBRY) last posted its quarterly earnings data on Thursday, June 25th. The company reported C$0.06 earnings per share (EPS) for the quarter. BlackBerry had a net margin of 10.32% and a return on equity of 8.10%. The firm had revenue of C$210.94 million for the quarter. As a group, research analysts anticipate that BlackBerry Limited will post 0.0551903 EPS for the current fiscal year.
Insider Activity
In related news, insider Philip Simon Kurtz sold 30,000 shares of the business’s stock in a transaction dated Tuesday, July 14th. The shares were sold at an average price of C$15.92, for a total transaction of C$477,600.00. Following the transaction, the insider directly owned 95,158 shares in the company, valued at approximately C$1,514,915.36. The trade was a 23.97% decrease in their ownership of the stock. Also, insider Tim Foote sold 16,597 shares of the company’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of C$17.21, for a total transaction of C$285,634.37. Following the completion of the sale, the insider directly owned 68,896 shares of the company’s stock, valued at C$1,185,700.16. The trade was a 19.41% decrease in their ownership of the stock. Insiders have sold a total of 90,901 shares of company stock valued at $1,473,162 in the last three months. 1.70% of the stock is owned by company insiders.
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.
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