Insider Selling: BlackBerry (TSE:BB) Insider Sells C$33,281.50 in Stock

BlackBerry Limited (TSE:BB – Get Free Report) (NASDAQ:BBRY) insider Jennifer Mary Armstrong-Owen sold 2,590 shares of BlackBerry stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of C$12.85, for a total value of C$33,281.50. Following the completion of the transaction, the insider directly owned 109,647 shares in the company, valued at C$1,408,963.95. This trade represents a 2.31% decrease in their ownership of the stock.

BlackBerry Stock Down 1.9%

BB stock opened at C$12.27 on Friday. BlackBerry Limited has a fifty-two week low of C$4.35 and a fifty-two week high of C$18.45. The business’s 50 day moving average price is C$11.72 and its two-hundred day moving average price is C$10.84. The company has a debt-to-equity ratio of 27.92, a quick ratio of 1.49 and a current ratio of 2.38. The company has a market capitalization of C$7.20 billion, a price-to-earnings ratio of 94.38, a price-to-earnings-growth ratio of 0.06 and a beta of 0.97.

BlackBerry (TSE:BB – Get Free Report) (NASDAQ:BBRY) last released its earnings results on Thursday, September 24th. The company reported C$0.10 EPS for the quarter. BlackBerry had a return on equity of 10.66% and a net margin of 13.11%.The company had revenue of C$219.02 million during the quarter. As a group, analysts forecast that BlackBerry Limited will post 0.0551903 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus set a C$12.00 price objective on BlackBerry and gave the company a “buy” rating in a research report 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. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$12.00.

View Our Latest Research Report on BlackBerry

BlackBerry Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for BlackBerry (TSE:BB)

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