Insider Selling: BlackBerry (TSE:BB) Insider Sells 8,441 Shares of Stock

Key Points

• BlackBerry insider Tim Foote sold 8,441 shares at an average price of C$11.68, generating C$98,590.88 and reducing his ownership by 10.54% to 71,616 shares.
• BlackBerry shares fell 4.9% to C$12.09 during trading, with the company valued at approximately C$7.10 billion and trading 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 maintain a consensus “Moderate Buy” rating with an average target price of C$12.00.

BlackBerry Limited (TSE:BB - Get Free Report) NASDAQ: BBRY insider Tim Foote sold 8,441 shares of the company's stock in a transaction dated Friday, October 9th. The shares were sold at an average price of C$11.68, for a total transaction of C$98,590.88. Following the transaction, the insider owned 71,616 shares in the company, valued at approximately C$836,474.88. The trade was a 10.54% decrease in their ownership of the stock.

Tim Foote also recently made the following trade(s):

• On Friday, October 2nd, Tim Foote sold 3,269 shares of BlackBerry stock. The shares were sold at an average price of C$12.85, for a total transaction of C$42,006.65.

BlackBerry Trading Down 4.9%

Shares of TSE:BB traded down C$0.62 during trading on Tuesday, hitting C$12.09. 4,114,355 shares of the company's stock were exchanged, compared to its average volume of 3,846,245. BlackBerry Limited has a 1-year low of C$4.35 and a 1-year high of C$18.45. The firm has a 50-day moving average price of C$11.74 and a two-hundred day moving average price of C$11.01. The company has a current ratio of 2.38, a quick ratio of 1.49 and a debt-to-equity ratio of 27.92. The firm has a market cap of C$7.10 billion, a P/E ratio of 93.00, a PEG 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 earnings per share for the quarter. BlackBerry had a net margin of 13.11% and a return on equity of 10.66%. The business had revenue of C$219.02 million during the quarter. Equities analysts predict that BlackBerry Limited will post 0.06 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus set a C$12.00 target price on shares of BlackBerry and gave the stock a "buy" rating in a report on Wednesday, June 24th. One investment 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 company has a consensus 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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