BlackBerry Limited (NYSE:BB) Insider Philip S. Kurtz Sells 4,056 Shares

BlackBerry Limited (NYSE:BB - Get Free Report) insider Philip S. Kurtz sold 4,056 shares of the business's stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $4.34, for a total transaction of $17,603.04. Following the sale, the insider directly owned 60,822 shares of the company's stock, valued at $263,967.48. This represents a 6.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

BlackBerry Stock Up 1.7%

BB stock traded up $0.07 during trading on Friday, reaching $4.30. The stock had a trading volume of 12,837,670 shares, compared to its average volume of 14,505,934. The company has a market capitalization of $2.56 billion, a P/E ratio of -71.67 and a beta of 1.47. The firm has a fifty day moving average price of $4.03 and a 200 day moving average price of $4.13. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.27. BlackBerry Limited has a 1-year low of $2.01 and a 1-year high of $6.24.

BlackBerry (NYSE:BB - Get Free Report) last issued its earnings results on Tuesday, June 24th. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.01) by $0.03. The business had revenue of $121.26 million for the quarter, compared to analyst estimates of $112.18 million. BlackBerry had a negative net margin of 6.44% and a positive return on equity of 2.29%. The company's revenue for the quarter was down 15.5% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.03) EPS. On average, equities analysts anticipate that BlackBerry Limited will post -0.03 earnings per share for the current year.

Analyst Ratings Changes

BB has been the topic of several recent research reports. Royal Bank Of Canada lifted their target price on shares of BlackBerry from $3.75 to $4.00 and gave the company a "sector perform" rating in a report on Friday, June 20th. Wall Street Zen lowered shares of BlackBerry from a "buy" rating to a "hold" rating in a report on Monday, June 30th. Robert W. Baird lifted their target price on shares of BlackBerry from $4.00 to $5.00 and gave the company a "neutral" rating in a report on Wednesday, June 25th. CIBC restated an "outperform" rating on shares of BlackBerry in a report on Tuesday, June 24th. Finally, Canaccord Genuity Group boosted their price objective on shares of BlackBerry from $4.25 to $4.60 and gave the stock a "hold" rating in a report on Tuesday, June 24th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, BlackBerry presently has a consensus rating of "Hold" and an average price target of $4.60.

Institutional Investors Weigh In On BlackBerry

A number of institutional investors have recently modified their holdings of the business. Voya Investment Management LLC bought a new stake in shares of BlackBerry during the 1st quarter valued at about $95,166,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of BlackBerry by 1.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 823,822 shares of the company's stock valued at $3,106,000 after acquiring an additional 10,667 shares in the last quarter. Vident Advisory LLC boosted its holdings in shares of BlackBerry by 52.1% in the first quarter. Vident Advisory LLC now owns 1,182,034 shares of the company's stock valued at $4,456,000 after acquiring an additional 404,823 shares in the last quarter. FORA Capital LLC bought a new position in shares of BlackBerry in the first quarter valued at approximately $418,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of BlackBerry by 7.0% in the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,086,634 shares of the company's stock valued at $4,093,000 after acquiring an additional 71,057 shares in the last quarter. Institutional investors own 54.48% of the company's stock.

About BlackBerry

BlackBerry Limited provides intelligent security software and services to enterprises and governments worldwide. The company operates through three segments: Cybersecurity, IoT, and Licensing and Other. The company offers CylanceENDPOINT, an integrated endpoint security solution; CylanceGUARD, a managed detection and response solution; CylanceEDGE, an AI-powered continuous authentication zero trust network access solution; CylanceINTELLIGENCE, a contextual cyber threat intelligence service; BlackBerry Dynamics offers a development platform and secure container for mobile applications; BlackBerry Workspaces a secure Enterprise File Sync and Share (EFSS) solution; BlackBerry Messenger (BBM) Enterprise, an enterprise-grade secure instant messaging solution for messaging, voice and video; BlackBerry SecuSUITE is a certified, multi-OS voice and text messaging solution; BlackBerry AtHoc, a secure networked critical event management solution; and BlackBerry unified endpoint management (UEM) solutions.