Jennifer Mary Armstrong-Owen Sells 2,556 Shares of BlackBerry (TSE:BB) Stock

BlackBerry Limited (TSE:BB) (NASDAQ:BBRY) insider Jennifer Mary Armstrong-Owen sold 2,556 shares of the stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of C$15.39, for a total value of C$39,336.84. Following the transaction, the insider directly owned 101,751 shares of the company’s stock, valued at approximately C$1,565,947.89. The trade was a 2.45% decrease in their ownership of the stock.

BlackBerry Stock Performance

TSE BB opened at C$15.75 on Thursday. The company has a debt-to-equity ratio of 29.45, a current ratio of 2.20 and a quick ratio of 1.49. BlackBerry Limited has a 1-year low of C$4.35 and a 1-year high of C$18.45. The business has a 50 day simple moving average of C$11.97 and a two-hundred day simple moving average of C$7.54. The stock has a market capitalization of C$9.23 billion, a PE ratio of 157.50, a P/E/G ratio of 0.06 and a beta of 1.16.

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

Analyst Ratings Changes

Separately, Stifel Nicolaus set a C$12.00 price objective on shares of BlackBerry and gave the stock a “buy” rating in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$12.00.

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

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.