BlackBerry Limited (NYSE:BB) CFO Sells $12,985.92 in Stock

BlackBerry Limited (NYSE:BB - Get Free Report) CFO Tim Foote sold 3,006 shares of the firm's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $4.32, for a total value of $12,985.92. Following the completion of the sale, the chief financial officer directly owned 35,489 shares of the company's stock, valued at $153,312.48. The trade was a 7.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Friday, April 4th, Tim Foote sold 5,196 shares of BlackBerry stock. The stock was sold at an average price of $2.99, for a total value of $15,536.04.

BlackBerry Stock Up 1.7%

Shares of NYSE BB traded up $0.07 on Friday, reaching $4.30. 12,837,670 shares of the company's stock traded hands, compared to its average volume of 14,505,934. BlackBerry Limited has a 12 month low of $2.01 and a 12 month high of $6.24. The business's 50 day simple moving average is $4.03 and its two-hundred day simple moving average is $4.13. The company has a market cap of $2.56 billion, a price-to-earnings ratio of -71.67 and a beta of 1.47. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.27.

BlackBerry (NYSE:BB - Get Free Report) last announced its earnings results on Tuesday, June 24th. The company reported $0.02 earnings per share for the quarter, beating analysts' consensus estimates of ($0.01) by $0.03. BlackBerry had a negative net margin of 6.44% and a positive return on equity of 2.29%. The business had revenue of $121.26 million during the quarter, compared to the consensus estimate of $112.18 million. During the same quarter last year, the firm earned ($0.03) earnings per share. The business's revenue for the quarter was down 15.5% on a year-over-year basis. As a group, equities research analysts forecast that BlackBerry Limited will post -0.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BB has been the subject of a number of research analyst reports. Royal Bank Of Canada raised their price target on BlackBerry from $3.75 to $4.00 and gave the stock a "sector perform" rating in a research note on Friday, June 20th. CIBC reissued an "outperform" rating on shares of BlackBerry in a research report on Tuesday, June 24th. Wall Street Zen cut shares of BlackBerry from a "buy" rating to a "hold" rating in a report on Monday, June 30th. Robert W. Baird increased their price target on shares of BlackBerry from $4.00 to $5.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 25th. Finally, Canaccord Genuity Group boosted their price objective on shares of BlackBerry from $4.25 to $4.60 and gave the stock a "hold" rating in a research note on Tuesday, June 24th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $4.60.

Institutional Investors Weigh In On BlackBerry

A number of institutional investors have recently made changes to their positions in the company. Voya Investment Management LLC purchased a new stake in BlackBerry in the first quarter worth approximately $95,166,000. Hood River Capital Management LLC bought a new stake in shares of BlackBerry during the 4th quarter valued at $53,267,000. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of BlackBerry by 69.1% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 23,112,391 shares of the company's stock valued at $87,064,000 after purchasing an additional 9,442,676 shares during the period. Legal & General Group Plc grew its stake in BlackBerry by 19.9% during the fourth quarter. Legal & General Group Plc now owns 33,185,748 shares of the company's stock valued at $125,987,000 after acquiring an additional 5,518,216 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new position in BlackBerry during the fourth quarter valued at $19,485,000. Hedge funds and other institutional investors own 54.48% of the company's stock.

BlackBerry Company Profile

BlackBerry Limited provides intelligent security software and services to enterprises and governments worldwide. The company operates through three segments: Cybersecurity, IoT, and Licensing and Other. The company offers CylanceENDPOINT, an integrated endpoint security solution; CylanceGUARD, a managed detection and response solution; CylanceEDGE, an AI-powered continuous authentication zero trust network access solution; CylanceINTELLIGENCE, a contextual cyber threat intelligence service; BlackBerry Dynamics offers a development platform and secure container for mobile applications; BlackBerry Workspaces a secure Enterprise File Sync and Share (EFSS) solution; BlackBerry Messenger (BBM) Enterprise, an enterprise-grade secure instant messaging solution for messaging, voice and video; BlackBerry SecuSUITE is a certified, multi-OS voice and text messaging solution; BlackBerry AtHoc, a secure networked critical event management solution; and BlackBerry unified endpoint management (UEM) solutions.