BlackBerry (TSE:BB) Insider Jennifer Mary Armstrong-Owen Sells 3,379 Shares of Stock

Key Points

• BlackBerry insider Jennifer Mary Armstrong-Owen sold 3,379 shares at an average C$11.68, generating proceeds of C$39,466.72 and reducing her ownership by 2.88% to 113,904 shares.
• BlackBerry shares fell 4.9% to C$12.09, while trading above both the 50-day and 200-day moving averages. The stock has ranged from C$4.35 to C$18.45 over the past year.
• The company reported C$0.10 in quarterly EPS and C$219.02 million in revenue; analysts maintain a consensus “Moderate Buy” rating with a C$12.00 price target.

BlackBerry Limited (TSE:BB - Get Free Report) NASDAQ: BBRY insider Jennifer Mary Armstrong-Owen sold 3,379 shares of the firm's stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of C$11.68, for a total transaction of C$39,466.72. Following the completion of the transaction, the insider directly owned 113,904 shares in the company, valued at approximately C$1,330,398.72. The trade was a 2.88% decrease in their ownership of the stock.

Jennifer Mary Armstrong-Owen also recently made the following trade(s):

• On Friday, October 2nd, Jennifer Mary Armstrong-Owen sold 2,590 shares of BlackBerry stock. The stock was sold at an average price of C$12.85, for a total transaction of C$33,281.50.

BlackBerry Trading Down 4.9%

BB traded down C$0.62 during trading on Tuesday, reaching C$12.09. 4,114,355 shares of the company's stock were exchanged, compared to its average volume of 3,846,245. The company's fifty day moving average price is C$11.74 and its 200-day moving average price is C$11.01. 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$7.10 billion, a PE ratio of 93.00, a P/E/G ratio of 0.06 and a beta of 0.97.

BlackBerry (TSE:BB - Get Free Report) NASDAQ: BBRY last issued its 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 during the quarter. BlackBerry had a net margin of 13.11% and a return on equity of 10.66%. As a group, equities analysts forecast that BlackBerry Limited will post 0.06 EPS for the current year.

Analysts Set New Price Targets

Separately, Stifel Nicolaus set a C$12.00 price objective on BlackBerry and gave the company a "buy" rating in a report on Wednesday, June 24th. One investment 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, BlackBerry currently has an average 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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