Insider Selling: BlackBerry (TSE:BB) Insider Sells 3,474 Shares of Stock

Key Points

• BlackBerry insider John Christopher Wall sold 3,474 shares at an average price of C$13.08, generating approximately C$45,440. His remaining stake fell by nearly 20% to 13,924 shares.
• BlackBerry shares traded at C$13.63, near the upper half of their C$4.35–C$18.45 12-month range, with a market capitalization of roughly C$8 billion.
• The company reported quarterly EPS of C$0.10 on revenue of C$219.02 million. Analysts maintain a “Moderate Buy” consensus, though the average price target of C$12.00 is below the cited trading price.

BlackBerry Limited (TSE:BB - Get Free Report) NASDAQ: BBRY insider John Christopher Wall sold 3,474 shares of the firm's stock in a transaction on Friday, October 2nd. The stock was sold at an average price of C$13.08, for a total transaction of C$45,439.92. Following the completion of the sale, the insider owned 13,924 shares in the company, valued at C$182,125.92. This represents a 19.97% decrease in their ownership of the stock.

BlackBerry Stock Performance

Shares of TSE BB traded up C$0.69 during mid-day trading on Tuesday, hitting 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 debt-to-equity ratio of 27.92, a current ratio of 2.38 and a quick ratio of 1.49. The business's 50-day simple moving average is C$11.63 and its 200-day simple moving average is C$10.67. BlackBerry Limited has a 12 month low of C$4.35 and a 12 month high of C$18.45. The firm has a market cap of C$8.00 billion, a P/E ratio of 104.85, a PEG ratio of 0.06 and a beta of 0.97.

BlackBerry (TSE:BB - Get Free Report) NASDAQ: BBRY last issued its quarterly earnings results on Thursday, September 24th. The company reported C$0.10 earnings per share (EPS) for the quarter. The firm 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%. As a group, analysts predict that BlackBerry Limited will post 0.0551903 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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