BlackBerry (TSE:BB) Insider Sells C$42,006.65 in Stock

BlackBerry Limited (TSE:BB) (NASDAQ:BBRY) insider Tim Foote sold 3,269 shares of the business’s stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of C$12.85, for a total value of C$42,006.65. Following the completion of the sale, the insider owned 60,969 shares in the company, valued at C$783,451.65. This represents a 5.09% decrease in their ownership of the stock.

BlackBerry Price Performance

Shares of TSE:BB opened at C$12.27 on Friday. The company has a quick ratio of 1.49, a current ratio of 2.38 and a debt-to-equity ratio of 27.92. The firm has a market capitalization of C$7.20 billion, a PE ratio of 94.38, a P/E/G ratio of 0.06 and a beta of 0.97. BlackBerry Limited has a twelve month low of C$4.35 and a twelve month high of C$18.45. The company has a 50-day moving average price of C$11.72 and a two-hundred day moving average price of C$10.84.

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

Wall Street Analyst Weigh In

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

About BlackBerry

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.