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

Key Points

• Insider sale: Jennifer Mary Armstrong-Owen sold 2,590 BlackBerry shares at an average price of C$12.85, generating proceeds of C$33,281.50. Her remaining stake fell 2.31% to 109,647 shares.
• Stock performance: BlackBerry shares recently traded at C$13.63, with a market capitalization of approximately C$8.0 billion and a 52-week range of C$4.35 to C$18.45.
• Analyst outlook: BlackBerry reported quarterly EPS of C$0.10 on revenue of C$219.02 million. Analysts maintain a “Moderate Buy” consensus, although the consensus target price of C$12.00 is below the reported trading price.

BlackBerry Limited (TSE:BB - Get Free Report) 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 stock was sold at an average price of C$12.85, for a total transaction of C$33,281.50. Following the sale, 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 Performance

Shares of TSE BB traded up C$0.69 during trading on Tuesday, reaching C$13.63. 3,717,819 shares of the stock traded hands, compared to its average volume of 3,840,823. The stock has a market capitalization 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. 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 current ratio of 2.38 and a quick ratio of 1.49. The company has a 50-day moving average of C$11.63 and a 200-day moving average of C$10.67.

BlackBerry (TSE:BB - Get Free Report) NASDAQ: BBRY last announced its quarterly earnings results on Thursday, September 24th. The company reported C$0.10 EPS for the quarter. The company had revenue of C$219.02 million for the quarter. BlackBerry had a net margin of 13.11% and a return on equity of 10.66%. Analysts forecast 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 company 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 issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of C$12.00.

About BlackBerry

BlackBerry NYSE: BBTSX: 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.

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