Philip Simon Kurtz Sells 30,000 Shares of BlackBerry (TSE:BB) Stock

BlackBerry Limited (TSE:BB) (NASDAQ:BBRY) insider Philip Simon Kurtz sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 14th. The stock was sold at an average price of C$15.92, for a total value of C$477,600.00. Following the sale, the insider directly owned 95,158 shares of the company’s stock, valued at C$1,514,915.36. This represents a 23.97% decrease in their ownership of the stock.

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

• On Thursday, July 2nd, Philip Simon Kurtz sold 4,195 shares of BlackBerry stock. The shares were sold at an average price of C$16.39, for a total value of C$68,756.05.

BlackBerry Stock Performance

Shares of BlackBerry stock opened at C$12.60 on Friday. The stock’s fifty day moving average is C$12.93 and its two-hundred day moving average is C$7.98. The company has a market capitalization of C$7.38 billion, a PE ratio of 126.00, a price-to-earnings-growth ratio of 0.06 and a beta of 1.16. The company has a quick ratio of 1.49, a current ratio of 2.20 and a debt-to-equity ratio of 29.45. BlackBerry Limited has a 52 week low of C$4.35 and a 52 week high of C$18.45.

BlackBerry (TSE:BB) (NASDAQ:BBRY) last released its earnings results on Thursday, June 25th. The company reported C$0.06 earnings per share for the quarter. The business 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%. As a group, analysts expect that BlackBerry Limited will post 0.0551903 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Stifel Nicolaus set a C$12.00 price objective on shares of 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. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$12.00.

BlackBerry Company Profile

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.