BlackBerry Limited (NYSE:BB) SVP Jennifer Armstrong-Owen Sells 2,506 Shares

BlackBerry Limited (NYSE:BB - Get Free Report) SVP Jennifer Armstrong-Owen sold 2,506 shares of the stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $4.32, for a total value of $10,825.92. Following the sale, the senior vice president directly owned 46,038 shares in the company, valued at approximately $198,884.16. This trade represents a 5.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Jennifer Armstrong-Owen also recently made the following trade(s):

• On Friday, April 4th, Jennifer Armstrong-Owen sold 29,940 shares of BlackBerry stock. The shares were sold at an average price of $2.99, for a total transaction of $89,520.60.

BlackBerry Stock Up 1.7%

Shares of BlackBerry stock traded up $0.07 during trading hours on Friday, reaching $4.30. The company's stock had a trading volume of 12,837,670 shares, compared to its average volume of 14,477,569. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.10 and a current ratio of 2.10. BlackBerry Limited has a one year low of $2.01 and a one year high of $6.24. The company has a market capitalization of $2.56 billion, a P/E ratio of -71.67 and a beta of 1.47. The stock's fifty day simple moving average is $4.01 and its two-hundred day simple moving average is $4.10.

BlackBerry (NYSE:BB - Get Free Report) last posted its quarterly earnings data on Tuesday, June 24th. The company reported $0.02 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $121.26 million during the quarter, compared to analyst estimates of $112.18 million. During the same quarter last year, the business posted ($0.03) EPS. The company's revenue for the quarter was down 15.5% on a year-over-year basis. On average, research analysts forecast that BlackBerry Limited will post -0.03 earnings per share for the current year.

Institutional Investors Weigh In On BlackBerry

Several large investors have recently modified their holdings of the stock. Legal & General Group Plc lifted its position in shares of BlackBerry by 19.9% during the 4th quarter. Legal & General Group Plc now owns 33,185,748 shares of the company's stock valued at $125,987,000 after buying an additional 5,518,216 shares during the last quarter. Voya Investment Management LLC purchased a new stake in BlackBerry during the first quarter valued at about $95,166,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in BlackBerry by 69.1% during the first 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 last quarter. Vanguard Group Inc. boosted its holdings in BlackBerry by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 23,084,515 shares of the company's stock worth $86,936,000 after buying an additional 218,684 shares during the period. Finally, Hood River Capital Management LLC purchased a new position in BlackBerry in the 4th quarter valued at approximately $53,267,000. Hedge funds and other institutional investors own 54.48% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on BB shares. Canaccord Genuity Group lifted their target price on BlackBerry from $4.25 to $4.60 and gave the stock a "hold" rating in a report on Tuesday, June 24th. Robert W. Baird boosted their price target on shares of BlackBerry from $4.00 to $5.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 25th. Wall Street Zen lowered shares of BlackBerry from a "buy" rating to a "hold" rating in a research note on Monday. Royal Bank Of Canada increased their price target on BlackBerry from $3.75 to $4.00 and gave the stock a "sector perform" rating in a report on Friday, June 20th. Finally, CIBC reissued an "outperform" rating on shares of BlackBerry in a research report on Tuesday, June 24th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, BlackBerry has a consensus rating of "Hold" and an average target price of $4.60.

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.