Insider Selling: BlackBerry (TSE:BB) Insider Sells 99,000 Shares of Company Stock

Key Points

• BlackBerry insider John Joseph Giamatteo sold 99,000 shares at an average price of C$8.74, totaling C$865,260. After the sale, he owned 542,494 shares, a 15.43% reduction in his position.
• Giamatteo also made several sales in October, including 96,858 shares on October 21 and additional transactions on October 9 and October 2, indicating substantial recent insider selling.
• BlackBerry shares rose 2.7% to C$12.34 in Friday trading. The company reported quarterly EPS of C$0.10 on revenue of C$219.02 million, while analysts expect C$0.06 in EPS for the current fiscal year.

BlackBerry Limited (TSE:BB - Get Free Report) NASDAQ: BBRY insider John Joseph Giamatteo sold 99,000 shares of the firm's stock in a transaction that occurred on Thursday, October 22nd. The shares were sold at an average price of C$8.74, for a total value of C$865,260.00. Following the completion of the sale, the insider directly owned 542,494 shares of the company's stock, valued at C$4,741,397.56. This trade represents a 15.43% decrease in their position.

John Joseph Giamatteo also recently made the following trade(s):

• On Wednesday, October 21st, John Joseph Giamatteo sold 96,858 shares of BlackBerry stock. The shares were sold at an average price of C$9.40, for a total value of C$910,465.20.
• On Wednesday, October 21st, John Joseph Giamatteo sold 495 shares of BlackBerry stock. The stock was sold at an average price of C$9.40, for a total value of C$4,653.00.
• On Wednesday, October 21st, John Joseph Giamatteo sold 37,683 shares of BlackBerry stock. The stock was sold at an average price of C$9.41, for a total value of C$354,597.03.
• On Wednesday, October 21st, John Joseph Giamatteo sold 8,850 shares of BlackBerry stock. The stock was sold at an average price of C$9.41, for a total value of C$83,278.50.
• On Wednesday, October 21st, John Joseph Giamatteo sold 7,064 shares of BlackBerry stock. The shares were sold at an average price of C$9.42, for a total transaction of C$66,542.88.
• On Wednesday, October 21st, John Joseph Giamatteo sold 50 shares of BlackBerry stock. The shares were sold at an average price of C$9.42, for a total transaction of C$471.00.
• On Friday, October 9th, John Joseph Giamatteo sold 27,004 shares of BlackBerry stock. The shares were sold at an average price of C$11.68, for a total transaction of C$315,406.72.
• On Friday, October 2nd, John Joseph Giamatteo sold 29,272 shares of BlackBerry stock. The stock was sold at an average price of C$12.85, for a total transaction of C$376,145.20.

BlackBerry Stock Up 2.7%

BB traded up C$0.32 during trading on Friday, hitting C$12.34. 1,667,331 shares of the company's stock were exchanged, compared to its average volume of 3,883,521. BlackBerry Limited has a fifty-two week low of C$4.35 and a fifty-two week high of C$18.45. The stock has a market cap of C$7.24 billion, a P/E ratio of 94.92, a PEG ratio of 0.06 and a beta of 0.97. The business's 50 day moving average is C$11.70 and its two-hundred day moving average is C$11.38. The company has a quick ratio of 1.49, a current ratio of 2.38 and a debt-to-equity ratio of 27.92.

BlackBerry (TSE:BB - Get Free Report) NASDAQ: BBRY last issued its quarterly earnings data 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 during the quarter. BlackBerry had a net margin of 13.11% and a return on equity of 10.66%. As a group, equities analysts expect that BlackBerry Limited will post 0.06 earnings per share for the current fiscal year.

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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