BlackBerry (TSE:BB) Insider Sells C$39,466.72 in Stock

BlackBerry Limited (TSE:BB) (NASDAQ:BBRY) insider Jennifer Mary Armstrong-Owen sold 3,379 shares of BlackBerry stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of C$11.68, for a total transaction of C$39,466.72. Following the transaction, the insider directly owned 113,904 shares in the company, valued at approximately C$1,330,398.72. This trade represents a 2.88% decrease in their ownership of the stock.

Jennifer Mary Armstrong-Owen also recently made the following trade(s):

• On Friday, October 2nd, Jennifer Mary Armstrong-Owen sold 2,590 shares of BlackBerry stock. The stock was sold at an average price of C$12.85, for a total value of C$33,281.50.

BlackBerry Stock Performance

Shares of TSE:BB opened at C$12.36 on Friday. The company has a market cap of C$7.26 billion, a P/E ratio of 95.08, a PEG ratio of 0.06 and a beta of 0.97. The company has a debt-to-equity ratio of 27.92, a quick ratio of 1.49 and a current ratio of 2.38. BlackBerry Limited has a one year low of C$4.35 and a one year high of C$18.45. The business’s 50-day simple moving average is C$11.73 and its 200 day simple moving average is C$11.12.

BlackBerry (TSE:BB) (NASDAQ:BBRY) last released its quarterly earnings results on Thursday, September 24th. The company reported C$0.10 EPS for the quarter. The firm had revenue of C$219.02 million for the quarter. BlackBerry had a return on equity of 10.66% and a net margin of 13.11%. On average, sell-side analysts forecast that BlackBerry Limited will post 0.06 earnings per share for the current fiscal year.

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 research report on Wednesday, June 24th. One 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 price target 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.