Philip Simon Kurtz Sells 4,195 Shares of BlackBerry (TSE:BB) Stock

BlackBerry Limited (TSE:BB) (NASDAQ:BBRY) insider Philip Simon Kurtz sold 4,195 shares of the company’s stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of C$16.39, for a total value of C$68,756.05. Following the completion of the transaction, the insider directly owned 120,664 shares in the company, valued at approximately C$1,977,682.96. The trade was a 3.36% decrease in their ownership of the stock.

BlackBerry Stock Up 0.1%

BB stock opened at C$15.75 on Thursday. BlackBerry Limited has a twelve month low of C$4.35 and a twelve month high of C$18.45. 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 market capitalization of C$9.23 billion, a P/E ratio of 157.50, a PEG ratio of 0.06 and a beta of 1.16. The firm has a 50 day simple moving average of C$11.97 and a 200-day simple moving average of C$7.54.

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

BlackBerry News Summary

Here are the key news stories impacting BlackBerry this week:

• Negative Sentiment: Multiple BlackBerry insiders filed sales after the latest share move, including Jennifer Mary Armstrong-Owen, John Joseph Giamatteo, Philip Simon Kurtz, and several transactions by Tim Foote. Large insider disposals can signal caution and often weigh on investor sentiment. 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, reinforcing the impression that insiders are trimming exposure after a strong run in the stock. Insider Selling: BlackBerry (TSE:BB) Insider Sells 28,272 Shares
• Neutral Sentiment: Tim Foote disclosed several smaller and larger sales at different prices, which look like routine insider trading activity rather than a new operational development for the business. BlackBerry (TSE:BB) Insider Sells 16,597 Shares

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus set a C$12.00 price target on BlackBerry and gave the stock a “buy” rating in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$12.00.

About BlackBerry

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.