BlackBerry (TSE:BB) Stock: Insider John Joseph Giamatteo Sells 29,272 Shares

Key Points

• Insider John Joseph Giamatteo sold 29,272 BlackBerry shares at an average price of C$12.85, totaling C$376,145.20. His ownership fell 3.72% to 758,416 shares.
• BlackBerry shares traded at C$13.63, up C$0.69, with a market capitalization of approximately C$8.0 billion. The stock remains below its 12-month high of C$18.45 but above its 50-day and 200-day moving averages.
• BlackBerry reported quarterly EPS of C$0.10 on revenue of C$219.02 million. Analysts maintain a consensus “Moderate Buy” rating with a C$12.00 target price.

BlackBerry Limited (TSE:BB - Get Free Report) NASDAQ: BBRY insider John Joseph Giamatteo sold 29,272 shares of the stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of C$12.85, for a total transaction of C$376,145.20. Following the sale, the insider owned 758,416 shares in the company, valued at C$9,745,645.60. The trade was a 3.72% decrease in their ownership of the stock.

BlackBerry Price Performance

TSE:BB traded up C$0.69 during mid-day trading on Tuesday, reaching C$13.63. The stock had a trading volume of 3,717,819 shares, compared to its average volume of 3,840,823. BlackBerry Limited has a 12 month low of C$4.35 and a 12 month high of C$18.45. The stock has a 50-day simple moving average of C$11.63 and a two-hundred day simple moving average of C$10.67. 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 stock has a market capitalization of C$8.00 billion, a PE ratio of 104.85, a P/E/G ratio of 0.06 and a beta of 0.97.

BlackBerry (TSE:BB - Get Free Report) NASDAQ: BBRY last posted 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 during the quarter. BlackBerry had a return on equity of 10.66% and a net margin of 13.11%. On average, equities analysts anticipate that BlackBerry Limited will post 0.0551903 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus set a C$12.00 price objective on shares of BlackBerry and gave the company a "buy" rating in a report on Wednesday, June 24th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus 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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