Insider Selling: BlackBerry (TSE:BB) Insider Sells C$68,756.05 in Stock

BlackBerry Limited (TSE:BB) (NASDAQ:BBRY) insider Philip Simon Kurtz sold 4,195 shares of the stock in a transaction dated 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 sale, the insider owned 120,664 shares of the company’s stock, valued at C$1,977,682.96. This represents a 3.36% decrease in their ownership of the stock.

BlackBerry Price Performance

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

BlackBerry (TSE:BB) (NASDAQ:BBRY) last announced its quarterly earnings data on Thursday, June 25th. The company reported C$0.06 earnings per share for the quarter. The firm had revenue of C$210.94 million during the quarter. BlackBerry had a return on equity of 8.10% and a net margin of 10.32%. As a group, analysts predict that BlackBerry Limited will post 0.0551903 earnings per share for the current 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 equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, BlackBerry presently 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.