BlackBerry (TSE:BB) Insider John Joseph Giamatteo Sells 27,004 Shares of Stock

Key Points

• BlackBerry insider John Joseph Giamatteo sold 27,004 shares at an average price of C$11.68, generating C$315,406.72. His remaining ownership fell 3.30% to 792,494 shares.
• BlackBerry shares declined 4.9% to C$12.09, while the company had a C$7.10 billion market capitalization and traded near its 50-day and 200-day moving averages.
• The company reported quarterly earnings of C$0.10 per share on revenue of C$219.02 million. Analysts maintained a “Moderate Buy” consensus rating with an average price target of C$12.00.

BlackBerry Limited (TSE:BB - Get Free Report) NASDAQ: BBRY insider John Joseph Giamatteo sold 27,004 shares of the stock in a transaction that occurred on Friday, October 9th. The stock was sold at an average price of C$11.68, for a total value of C$315,406.72. Following the completion of the sale, the insider directly owned 792,494 shares of the company's stock, valued at approximately C$9,256,329.92. This trade represents a 3.30% decrease in their ownership of the stock.

John Joseph Giamatteo also recently made the following trade(s):

• On Friday, October 2nd, John Joseph Giamatteo sold 29,272 shares of BlackBerry stock. The shares were sold at an average price of C$12.85, for a total value of C$376,145.20.

BlackBerry Stock Down 4.9%

BlackBerry stock traded down C$0.62 during trading on Tuesday, hitting C$12.09. 4,114,355 shares of the company were exchanged, compared to its average volume of 3,846,245. The company has a market capitalization of C$7.10 billion, a P/E ratio of 93.00, a PEG ratio of 0.06 and a beta of 0.97. The business's 50 day moving average is C$11.74 and its 200 day moving average is C$11.01. BlackBerry Limited has a 52 week low of C$4.35 and a 52 week high of C$18.45. The company has a current ratio of 2.38, a quick ratio of 1.49 and a debt-to-equity ratio of 27.92.

BlackBerry (TSE:BB - Get Free Report) NASDAQ: BBRY last issued its quarterly earnings data on Thursday, September 24th. The company reported C$0.10 earnings per share for the quarter. The business 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 predict that BlackBerry Limited will post 0.06 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus set a C$12.00 price target on shares of BlackBerry and gave the company a "buy" rating in a research report on Wednesday, June 24th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, BlackBerry currently has an average rating of "Moderate Buy" and an average target price of C$12.00.

BlackBerry Company Profile

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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