John Joseph Giamatteo Sells 28,272 Shares of BlackBerry (TSE:BB) Stock

BlackBerry Limited (TSE:BB) (NASDAQ:BBRY) insider John Joseph Giamatteo sold 28,272 shares of the company’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of C$15.39, for a total value of C$435,106.08. Following the completion of the transaction, the insider owned 937,246 shares in the company, valued at C$14,424,215.94. This represents a 2.93% decrease in their ownership of the stock.

BlackBerry Stock Performance

TSE:BB opened at C$15.75 on Thursday. The stock has a market cap of C$9.23 billion, a P/E ratio of 157.50, a PEG ratio of 0.06 and a beta of 1.16. The company has a quick ratio of 1.49, a current ratio of 2.20 and a debt-to-equity ratio of 29.45. The business’s 50-day moving average price is C$11.97 and its two-hundred day moving average price is C$7.54. BlackBerry Limited has a twelve month low of C$4.35 and a twelve month high of C$18.45.

BlackBerry (TSE:BB) (NASDAQ:BBRY) last issued its quarterly earnings data on Thursday, June 25th. The company reported C$0.06 EPS for the quarter. The company had revenue of C$210.94 million during the quarter. BlackBerry had a return on equity of 8.10% and a net margin of 10.32%. As a group, equities analysts predict that BlackBerry Limited will post 0.0551903 EPS for the current fiscal year.

BlackBerry News Summary

Here are the key news stories impacting BlackBerry this week:

• Negative Sentiment: Multiple BlackBerry insiders filed sales after the latest share move, including Jennifer Mary Armstrong-Owen, John Joseph Giamatteo, Philip Simon Kurtz, and several transactions by Tim Foote. Large insider disposals can signal caution and often weigh on investor sentiment. Insider Selling: BlackBerry (TSE:BB) Insider Sells 2,556 Shares
• Negative Sentiment: John Joseph Giamatteo sold 28,272 shares and Philip Simon Kurtz sold 4,195 shares, reinforcing the impression that insiders are trimming exposure after a strong run in the stock. Insider Selling: BlackBerry (TSE:BB) Insider Sells 28,272 Shares
• Neutral Sentiment: Tim Foote disclosed several smaller and larger sales at different prices, which look like routine insider trading activity rather than a new operational development for the business. BlackBerry (TSE:BB) Insider Sells 16,597 Shares

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus set a C$12.00 price objective on shares of 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 given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$12.00.

BlackBerry Company Profile

BlackBerry, once known for being the world’s largest smartphone manufacturer, is now exclusively a software provider with a stated goal of end-to-end secure communication for enterprises. The firm provides endpoint management and protection to enterprises, specializing in regulated industries like government, as well as embedded software to the automotive, medical, and industrial markets.