BlackBerry (TSE:BB) Insider Tim Foote Sells 3,269 Shares of Stock

Key Points

• BlackBerry insider Tim Foote sold 3,269 shares at an average price of C$12.85, generating approximately C$42,007. Following the transaction, he retained 60,969 shares, a 5.09% reduction in his ownership.
• BlackBerry shares traded at C$13.63, with a market capitalization of roughly C$8.0 billion. The stock has ranged from C$4.35 to C$18.45 over the past year and carries a high P/E ratio of 104.85.
• The company reported quarterly EPS of C$0.10 on revenue of C$219.02 million. Analysts maintain a “Moderate Buy” consensus rating, with a consensus price target of C$12.00.

BlackBerry Limited (TSE:BB - Get Free Report) NASDAQ: BBRY insider Tim Foote sold 3,269 shares of the company's stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of C$12.85, for a total value of C$42,006.65. Following the completion of the sale, the insider directly owned 60,969 shares of the company's stock, valued at approximately C$783,451.65. This trade represents a 5.09% decrease in their ownership of the stock.

BlackBerry Stock Performance

Shares of BB traded up C$0.69 during mid-day trading on Tuesday, hitting C$13.63. 3,717,819 shares of the company's stock were exchanged, compared to its average volume of 3,840,823. The firm has a market capitalization of C$8.00 billion, a P/E ratio of 104.85, a P/E/G ratio of 0.06 and a beta of 0.97. BlackBerry Limited has a fifty-two week low of C$4.35 and a fifty-two week high of C$18.45. The business's 50 day moving average is C$11.63 and its two-hundred day moving average is C$10.67. 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 announced its quarterly earnings data on Thursday, September 24th. The company reported C$0.10 earnings per share (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%. On average, equities analysts expect that BlackBerry Limited will post 0.0551903 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus set a C$12.00 price objective on BlackBerry and gave the stock a "buy" rating in a report on Wednesday, June 24th. One research 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, BlackBerry 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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