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

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

BlackBerry Price Performance

BlackBerry stock opened at C$15.73 on Wednesday. The company has a current ratio of 2.20, a quick ratio of 1.49 and a debt-to-equity ratio of 29.45. The company has a fifty day simple moving average of C$11.80 and a 200-day simple moving average of C$7.47. The stock has a market cap of C$9.22 billion, a P/E ratio of 157.30, a price-to-earnings-growth ratio of 0.06 and a beta of 1.16. BlackBerry Limited has a 12-month low of C$4.35 and a 12-month high of C$18.45.

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

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus set a C$12.00 price target on 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 issued a Hold rating to the company’s stock. According to data from MarketBeat.com, BlackBerry currently has a consensus rating of “Moderate Buy” and a consensus target price of C$12.00.

More BlackBerry News

Here are the key news stories impacting BlackBerry this week:

• Negative Sentiment: BlackBerry insider selling was broad-based, including sales by John Joseph Giamatteo, Philip Simon Kurtz, Jennifer Mary Armstrong-Owen, and several transactions by Tim Foote. The filings showed a mix of relatively small and larger share disposals, with some insiders trimming positions by meaningful percentages. 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, adding to the perception that company insiders are reducing exposure after the stock’s recent strong run. Insider Selling: BlackBerry (TSE:BB) Insider Sells 28,272 Shares
• Neutral Sentiment: Tim Foote disclosed multiple sales at different prices, alongside Jennifer Mary Armstrong-Owen’s sale, but these appear to be routine insider transactions rather than a company-specific operational update. 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.