Insider Buying: Blackbird (LON:BIRD) Insider Acquires 2,560,700 Shares of Stock

Blackbird plc (LON:BIRD) insider Ian McDonough bought 2,560,700 shares of the company’s stock in a transaction on Tuesday, March 24th. The shares were bought at an average price of GBX 2 per share, for a total transaction of £51,214.

Blackbird Price Performance

Shares of Blackbird stock traded down GBX 0.01 during trading hours on Wednesday, reaching GBX 1.89. The company had a trading volume of 2,520,248 shares, compared to its average volume of 1,053,850. The firm has a market cap of £9.07 million, a PE ratio of -3.10 and a beta of 0.80. Blackbird plc has a one year low of GBX 1.62 and a one year high of GBX 5.50. The business has a fifty day simple moving average of GBX 2.22 and a 200 day simple moving average of GBX 2.37.

Blackbird (LON:BIRD) last released its quarterly earnings data on Monday, March 23rd. The company reported GBX (0.62) earnings per share (EPS) for the quarter. Blackbird had a negative net margin of 158.32% and a negative return on equity of 34.87%.

About Blackbird

Blackbird plc operates in the fast-growing SaaS, Media and Entertainment and content creation markets. Blackbird plc’s patented technology allows for frame accurate navigation, playback, viewing and editing in the cloud and it has two products.

Blackbird? a market leading suite of cloud-native computing applications, is used by rights holders, broadcasters, sports and news video specialists, live events and content owners, post production houses, other mass market digital video channels and corporations.

elevate.io is the company’s new browser-based collaborative content creation platform currently in general release.