BlackBerry (TSE:BB) Insider Sells C$74,337.84 in Stock

BlackBerry Limited (TSE:BB) (NASDAQ:BBRY) insider Philip Simon Kurtz sold 6,164 shares of BlackBerry stock in a transaction 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. This trade represents a 7.78% decrease in their ownership of the stock.

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 stock was sold at an average price of C$13.08, for a total value of C$54,517.44.

BlackBerry Stock Up 5.6%

Shares of TSE BB opened at C$12.36 on Friday. BlackBerry Limited has a 52 week low of C$4.35 and a 52 week high of C$18.45. The business has a 50-day simple moving average of C$11.73 and a two-hundred day simple moving average of C$11.12. The company has a quick ratio of 1.49, a current ratio of 2.38 and a debt-to-equity ratio of 27.92. The company has a market cap of C$7.26 billion, a P/E ratio of 95.08, a P/E/G ratio of 0.06 and a beta of 0.97.

BlackBerry (TSE:BB) (NASDAQ:BBRY) last posted its earnings results on Thursday, September 24th. The company reported C$0.10 earnings per share 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 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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