Insider Selling: BlackBerry (TSE:BB) Insider Sells C$74,337.84 in Stock

Key Points

• BlackBerry insider Philip Simon Kurtz sold 6,164 shares at an average C$12.06, worth C$74,337.84, reducing his holdings by 7.78% to 73,109 shares. He also sold 4,168 shares the previous week for C$54,517.44.
• BlackBerry shares fell 4.9% to C$12.09, with trading volume slightly above average. The stock has ranged from C$4.35 to C$18.45 over the past year and has a market capitalization of about C$7.10 billion.
• The company reported quarterly revenue of C$219.02 million and earnings of C$0.10 per share. Analysts maintain a “Moderate Buy” consensus, with a C$12.00 target price.

BlackBerry Limited (TSE:BB - Get Free Report) NASDAQ: BBRY insider Philip Simon Kurtz sold 6,164 shares of the business's stock in a transaction dated Friday, October 9th. The shares were sold at an average price of C$12.06, for a total value of C$74,337.84. Following the completion of the sale, the insider directly owned 73,109 shares of the company's stock, valued at approximately C$881,694.54. This trade represents a 7.78% decrease in their position.

Philip Simon Kurtz also recently made the following trade(s):

• On Friday, October 2nd, Philip Simon Kurtz sold 4,168 shares of BlackBerry stock. The shares were sold at an average price of C$13.08, for a total value of C$54,517.44.

BlackBerry Trading Down 4.9%

BB traded down C$0.62 on Tuesday, hitting C$12.09. 4,114,355 shares of the company were exchanged, compared to its average volume of 3,846,245. The firm has a fifty day simple moving average of C$11.74 and a two-hundred day simple moving average of C$11.01. The company has a debt-to-equity ratio of 27.92, a quick ratio of 1.49 and a current ratio of 2.38. BlackBerry Limited has a 12 month low of C$4.35 and a 12 month high of C$18.45. The stock has a market capitalization of C$7.10 billion, a PE ratio of 93.00, a price-to-earnings-growth ratio of 0.06 and a beta of 0.97.

BlackBerry (TSE:BB - Get Free Report) NASDAQ: BBRY last announced its quarterly earnings results on Thursday, September 24th. The company reported C$0.10 EPS for the quarter. BlackBerry had a return on equity of 10.66% and a net margin of 13.11%. The business had revenue of C$219.02 million for the quarter. Sell-side analysts expect 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 analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the stock 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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