BlackBerry (TSE:BB) Stock: Insider John Joseph Giamatteo Sells 29,272 Shares

BlackBerry Limited (TSE:BB) (NASDAQ:BBRY) insider John Joseph Giamatteo sold 29,272 shares of the business’s stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of C$12.85, for a total value of C$376,145.20. Following the sale, the insider owned 758,416 shares of the company’s stock, valued at approximately C$9,745,645.60. This represents a 3.72% decrease in their position.

BlackBerry Stock Up 5.3%

Shares of BB traded up C$0.69 during trading hours 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. The firm has a 50-day simple moving average of C$11.63 and a 200 day simple moving average of C$10.67. BlackBerry Limited has a 12 month low of C$4.35 and a 12 month high of C$18.45. The company has a current ratio of 2.38, a quick ratio of 1.49 and a debt-to-equity ratio of 27.92. The company has a market capitalization of C$8.00 billion, a price-to-earnings ratio of 104.85, a P/E/G ratio of 0.06 and a beta of 0.97.

BlackBerry (TSE:BB) (NASDAQ:BBRY) last announced its quarterly earnings results on Thursday, September 24th. The company reported C$0.10 EPS for the quarter. BlackBerry had a net margin of 13.11% and a return on equity of 10.66%. The business had revenue of C$219.02 million during the quarter. Equities research 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 target on shares of BlackBerry and gave the company a “buy” rating in a research 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 stock currently has an average rating of “Moderate Buy” and a consensus 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.