BlackBerry (TSE:BB) Stock: Insider Jennifer Mary Armstrong-Owen Sells 2,590 Shares

BlackBerry Limited (TSE:BB) (NASDAQ:BBRY) insider Jennifer Mary Armstrong-Owen sold 2,590 shares of the firm’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$33,281.50. Following the completion of the transaction, the insider owned 109,647 shares of the company’s stock, valued at approximately C$1,408,963.95. The trade was a 2.31% decrease in their position.

BlackBerry Stock Up 5.3%

BlackBerry stock traded up C$0.69 on Tuesday, hitting C$13.63. 3,717,819 shares of the stock traded hands, compared to its average volume of 3,840,823. BlackBerry Limited has a 1 year low of C$4.35 and a 1 year high of C$18.45. The firm has a market cap of C$8.00 billion, a P/E ratio of 104.85, a price-to-earnings-growth ratio of 0.06 and a beta of 0.97. 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 business’s fifty day simple moving average is C$11.63 and its 200 day simple moving average is C$10.67.

BlackBerry (TSE:BB) (NASDAQ:BBRY) last issued its quarterly earnings results 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 forecast that BlackBerry Limited will post 0.0551903 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Stifel Nicolaus set a C$12.00 price target on shares of BlackBerry and gave the company a “buy” rating in a report on Wednesday, June 24th. One research 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 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.