Key Points
- BlackBerry insider John Joseph Giamatteo sold 27,004 shares at an average price of C$11.68, generating proceeds of approximately C$315,407 and reducing his holdings by 3.3% to 792,494 shares.
- Giamatteo also sold 29,272 shares on October 2 at C$12.85, indicating two insider sales within a short period.
- BlackBerry reported quarterly revenue of C$219.02 million and EPS of C$0.10. Analysts maintain a “Moderate Buy” consensus with an average price target of C$12.00.
BlackBerry Limited (TSE:BB - Get Free Report) (NASDAQ:BBRY) insider Jennifer Mary Armstrong-Owen sold 3,379 shares of the firm's stock in a transaction dated Friday, October 9th. The shares were sold at an average price of C$11.68, for a total value of C$39,466.72. Following the sale, the insider owned 113,904 shares in the company, valued at approximately C$1,330,398.72. The trade was a 2.88% decrease in their ownership of the stock.
Jennifer Mary Armstrong-Owen also recently made the following trade(s):
- On Friday, October 2nd, Jennifer Mary Armstrong-Owen sold 2,590 shares of BlackBerry stock. The stock was sold at an average price of C$12.85, for a total value of C$33,281.50.
BlackBerry Stock Down 4.9%
TSE BB opened at C$12.09 on Wednesday. The stock has a market cap of C$7.10 billion, a PE ratio of 93.00, a P/E/G ratio of 0.06 and a beta of 0.97. BlackBerry Limited has a fifty-two week low of C$4.35 and a fifty-two week high of C$18.45. The business has a 50 day moving average price of C$11.74 and a two-hundred day moving average price of C$11.01. The company has a quick ratio of 1.49, a current ratio of 2.38 and a debt-to-equity ratio of 27.92.
BlackBerry (TSE:BB - Get Free Report) (NASDAQ:BBRY) last issued its quarterly earnings data on Thursday, September 24th. The company reported C$0.10 earnings per share (EPS) for the quarter. The company had revenue of C$219.02 million during the quarter. BlackBerry had a net margin of 13.11% and a return on equity of 10.66%. As a group, sell-side analysts predict that BlackBerry Limited will post 0.06 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Separately, Stifel Nicolaus set a C$12.00 target price on shares of BlackBerry and gave the company a "buy" rating in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of C$12.00.
Check Out Our Latest Stock Report on BlackBerry
About BlackBerry
(
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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.
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