BlackBerry (TSE:BB) Insider Sells 4,168 Shares of Stock

Key Points

• BlackBerry insider Philip Simon Kurtz sold 4,168 shares at an average price of C$13.08, generating C$54,517.44 and reducing his direct holdings by 5.75% to 68,365 shares.
• BlackBerry shares recently traded at C$13.63, with the stock ranging from C$4.35 to C$18.45 over the past year and a market capitalization of approximately C$8 billion.
• Analysts maintain a consensus “Moderate Buy” rating with a C$12.00 target price, while the company reported C$0.10 in quarterly EPS and C$219.02 million in revenue.

BlackBerry Limited (TSE:BB - Get Free Report) NASDAQ: BBRY insider Philip Simon Kurtz sold 4,168 shares of the firm's stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of C$13.08, for a total value of C$54,517.44. Following the completion of the transaction, the insider directly owned 68,365 shares in the company, valued at C$894,214.20. This trade represents 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 value of C$477,600.00.

BlackBerry Price Performance

TSE BB traded up C$0.69 on Tuesday, reaching C$13.63. The company had a trading volume of 3,717,819 shares, compared to its average volume of 3,840,823. The company has a quick ratio of 1.49, a current ratio of 2.38 and a debt-to-equity ratio of 27.92. The stock has a market capitalization of C$8.00 billion, a PE ratio of 104.85, a price-to-earnings-growth ratio of 0.06 and a beta of 0.97. BlackBerry Limited has a 12 month low of C$4.35 and a 12 month high of C$18.45. The firm's 50 day moving average price is C$11.63 and its 200 day moving average price is 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 firm 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 predict that BlackBerry Limited will post 0.0551903 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Stifel Nicolaus set a C$12.00 target price on 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 company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus 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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