BlackBerry (TSE:BB) Insider Philip Simon Kurtz Sells 6,164 Shares of Company Stock

BlackBerry Limited (TSE:BB) (NASDAQ:BBRY) insider Philip Simon Kurtz sold 6,164 shares of the firm’s stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of C$12.06, for a total value of C$74,337.84. Following the completion of the transaction, the insider owned 73,109 shares of the company’s stock, valued at approximately C$881,694.54. The trade was a 7.78% decrease in their position.

Philip Simon Kurtz also recently made the following trade(s):

• On Friday, October 2nd, Philip Simon Kurtz sold 4,168 shares of BlackBerry stock. The shares were sold at an average price of C$13.08, for a total value of C$54,517.44.

BlackBerry Stock Down 4.9%

Shares of TSE BB traded down C$0.62 during mid-day trading on Tuesday, hitting C$12.09. 4,114,355 shares of the stock traded hands, compared to its average volume of 3,846,245. The company has a market cap of C$7.10 billion, a price-to-earnings ratio of 93.00, a PEG ratio of 0.06 and a beta of 0.97. The stock has a fifty day moving average price of C$11.74 and a 200-day moving average price of C$11.01. BlackBerry Limited has a 52 week low of C$4.35 and a 52 week high of C$18.45. 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 (TSE:BB) (NASDAQ:BBRY) last posted its quarterly earnings data on Thursday, September 24th. The company reported C$0.10 earnings per share (EPS) for the quarter. The business had revenue of C$219.02 million during the quarter. BlackBerry had a return on equity of 10.66% and a net margin of 13.11%. Research analysts anticipate that BlackBerry Limited will post 0.06 EPS for the current year.

Wall Street Analysts Forecast Growth

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 issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock 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.