Insider Selling: BlackBerry (TSE:BB) Insider Sells C$98,590.88 in Stock

BlackBerry Limited (TSE:BB) (NASDAQ:BBRY) insider Tim Foote sold 8,441 shares of the company’s stock in a transaction dated Friday, October 9th. The stock was sold at an average price of C$11.68, for a total value of C$98,590.88. Following the transaction, the insider directly owned 71,616 shares of the company’s stock, valued at approximately C$836,474.88. This represents a 10.54% decrease in their ownership of the stock.

Tim Foote also recently made the following trade(s):

• On Friday, October 2nd, Tim Foote sold 3,269 shares of BlackBerry stock. The shares were sold at an average price of C$12.85, for a total value of C$42,006.65.

BlackBerry Price Performance

Shares of TSE BB opened at C$12.36 on Friday. The company has a debt-to-equity ratio of 27.92, a quick ratio of 1.49 and a current ratio of 2.38. BlackBerry Limited has a fifty-two week low of C$4.35 and a fifty-two week high of C$18.45. The firm has a market capitalization of C$7.26 billion, a PE ratio of 95.08, a price-to-earnings-growth ratio of 0.06 and a beta of 0.97. The stock’s 50-day simple moving average is C$11.73 and its 200-day simple moving average is C$11.12.

BlackBerry (TSE:BB) (NASDAQ:BBRY) last posted its 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 research analysts forecast that BlackBerry Limited will post 0.06 EPS for the current fiscal 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 research report on Wednesday, June 24th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average 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.