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 BlackBerry stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of C$13.08, for a total value of C$45,439.92. Following the completion of the sale, the insider directly owned 13,924 shares in the company, valued at approximately C$182,125.92. The trade was a 19.97% decrease in their position.

BlackBerry Price Performance

Shares of BB stock opened at C$12.27 on Friday. The stock has a 50 day moving average price of C$11.72 and a 200 day moving average price of C$10.84. BlackBerry Limited has a 52-week low of C$4.35 and a 52-week high of C$18.45. The company has a debt-to-equity ratio of 27.92, a quick ratio of 1.49 and a current ratio of 2.38. The firm has a market capitalization of C$7.20 billion, a P/E ratio of 94.38, a P/E/G ratio of 0.06 and a beta of 0.97.

BlackBerry (TSE:BB) (NASDAQ:BBRY) last released its quarterly earnings data on Thursday, September 24th. The company reported C$0.10 earnings per share (EPS) for the quarter. BlackBerry had a net margin of 13.11% and a return on equity of 10.66%. The company had revenue of C$219.02 million during the quarter. As a group, sell-side 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 stock 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. According to data from MarketBeat, BlackBerry currently has a consensus rating of “Moderate Buy” and a consensus price target of C$12.00.

About BlackBerry

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.