BlackBerry (TSE:BB) Stock: Insider Tim Foote Sells 8,441 Shares

BlackBerry Limited (TSE:BB) (NASDAQ:BBRY) insider Tim Foote sold 8,441 shares of the firm’s stock in a transaction on Friday, October 9th. The shares were sold at an average price of C$11.68, for a total transaction of C$98,590.88. Following the completion of the transaction, the insider directly owned 71,616 shares in the company, valued at approximately C$836,474.88. This represents a 10.54% decrease in their position.

Tim Foote also recently made the following trade(s):

• On Friday, October 2nd, Tim Foote sold 3,269 shares of BlackBerry stock. The shares were sold at an average price of C$12.85, for a total transaction of C$42,006.65.

BlackBerry Stock Down 3.1%

Shares of BlackBerry stock opened at C$11.71 on Thursday. The company has a fifty day moving average price of C$11.73 and a 200 day moving average price of C$11.06. The company has a current ratio of 2.38, a quick ratio of 1.49 and a debt-to-equity ratio of 27.92. BlackBerry Limited has a twelve month low of C$4.35 and a twelve month high of C$18.45. The stock has a market cap of C$6.87 billion, a price-to-earnings ratio of 90.08, a price-to-earnings-growth ratio of 0.06 and a beta of 0.97.

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

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus set a C$12.00 target price on 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. Based on data from MarketBeat, the stock presently 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.