Insider Selling: BlackBerry (TSE:BB) Insider Sells C$45,439.92 in Stock

BlackBerry Limited (TSE:BB) (NASDAQ:BBRY) insider John Christopher Wall sold 3,474 shares of the company’s stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of C$13.08, for a total transaction of C$45,439.92. Following the sale, the insider directly owned 13,924 shares in the company, valued at C$182,125.92. This represents a 19.97% decrease in their ownership of the stock.

BlackBerry Price Performance

Shares of TSE:BB traded up C$0.69 during trading on Tuesday, reaching C$13.63. The stock had a trading volume of 3,717,819 shares, compared to its average volume of 3,840,823. BlackBerry Limited has a 52 week low of C$4.35 and a 52 week high of C$18.45. The business’s 50-day moving average price is C$11.63 and its 200 day moving average price is C$10.67. The company has a debt-to-equity ratio of 27.92, a current ratio of 2.38 and a quick ratio of 1.49. The stock has a market capitalization of C$8.00 billion, a PE ratio of 104.85, a P/E/G ratio of 0.06 and a beta of 0.97.

BlackBerry (TSE:BB) (NASDAQ:BBRY) last released its quarterly earnings results on Thursday, September 24th. The company reported C$0.10 earnings per share for the quarter. The firm 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%. As a group, equities analysts predict 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 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 given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target 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.