Insider Selling: BlackBerry (TSE:BB) Insider Sells C$54,517.44 in Stock

BlackBerry Limited (TSE:BB) (NASDAQ:BBRY) insider Philip Simon Kurtz sold 4,168 shares of the business’s stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of C$13.08, for a total transaction of C$54,517.44. Following the sale, the insider directly owned 68,365 shares in the company, valued at C$894,214.20. The trade was a 5.75% decrease in their position.

Philip Simon Kurtz also recently made the following trade(s):

• On Tuesday, July 14th, Philip Simon Kurtz sold 30,000 shares of BlackBerry stock. The stock was sold at an average price of C$15.92, for a total transaction of C$477,600.00.

BlackBerry Price Performance

Shares of TSE BB opened at C$12.27 on Friday. BlackBerry Limited has a fifty-two week low of C$4.35 and a fifty-two week high of C$18.45. The company has a 50 day simple moving average of C$11.72 and a two-hundred day simple moving average of C$10.84. The company has a market capitalization of C$7.20 billion, a price-to-earnings ratio of 94.38, a P/E/G ratio of 0.06 and a beta of 0.97. 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 (TSE:BB) (NASDAQ:BBRY) last issued its quarterly earnings results on Thursday, September 24th. The company reported C$0.10 EPS for the quarter. The firm had revenue of C$219.02 million for the quarter. BlackBerry had a return on equity of 10.66% and a net margin of 13.11%. Analysts expect that BlackBerry Limited will post 0.0551903 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus set a C$12.00 target price on BlackBerry and gave the stock 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 assigned a Hold rating to the company’s stock. Based on data from MarketBeat, BlackBerry presently 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.