Insider Selling: BlackBerry (TSE:BB) Insider Sells C$435,106.08 in Stock

BlackBerry Limited (TSE:BB) (NASDAQ:BBRY) insider John Joseph Giamatteo sold 28,272 shares of the stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of C$15.39, for a total transaction of C$435,106.08. Following the sale, the insider directly owned 937,246 shares of the company’s stock, valued at approximately C$14,424,215.94. This trade represents a 2.93% decrease in their ownership of the stock.

BlackBerry Trading Up 3.0%

BlackBerry stock opened at C$16.23 on Friday. The stock has a market cap of C$9.51 billion, a P/E ratio of 162.30, a PEG ratio of 0.06 and a beta of 1.16. The company has a debt-to-equity ratio of 29.45, a current ratio of 2.20 and a quick ratio of 1.49. BlackBerry Limited has a 1 year low of C$4.35 and a 1 year high of C$18.45. The firm’s 50 day moving average price is C$12.15 and its 200-day moving average price is C$7.62.

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

Analyst Ratings Changes

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 equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, BlackBerry has a consensus rating of “Moderate Buy” and a consensus target price of C$12.00.

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.