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BlackBerry Limited (NYSE:BB) SVP Sells $10,825.92 in Stock

BlackBerry logo with Computer and Technology background

BlackBerry Limited (NYSE:BB - Get Free Report) SVP Jennifer Armstrong-Owen sold 2,506 shares of BlackBerry stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $4.32, for a total value of $10,825.92. Following the completion of the sale, the senior vice president owned 46,038 shares in the company, valued at $198,884.16. This represents a 5.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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 value of $89,520.60.

BlackBerry Stock Up 1.7%

NYSE BB traded up $0.07 during trading hours on Friday, hitting $4.30. 12,837,670 shares of the company were exchanged, compared to its average volume of 14,505,934. The company has a 50 day moving average of $4.03 and a two-hundred day moving average of $4.13. 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 Limited has a 52-week low of $2.01 and a 52-week high of $6.24. The firm has a market cap of $2.56 billion, a price-to-earnings ratio of -71.67 and a beta of 1.47.

BlackBerry (NYSE:BB - Get Free Report) last issued its quarterly earnings results on Tuesday, June 24th. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.03. BlackBerry had a positive return on equity of 2.29% and a negative net margin of 6.44%. The company had revenue of $121.26 million for the quarter, compared to the consensus estimate of $112.18 million. During the same quarter in the prior year, the business earned ($0.03) EPS. BlackBerry's revenue was down 15.5% on a year-over-year basis. Equities research analysts anticipate 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 bought and sold shares of the stock. ArrowMark Colorado Holdings LLC increased its holdings in shares of BlackBerry by 7.4% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 1,911,833 shares of the company's stock valued at $7,227,000 after acquiring an additional 131,833 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of BlackBerry by 41.9% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,669,715 shares of the company's stock valued at $51,856,000 after acquiring an additional 4,039,483 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of BlackBerry by 36.9% in the 4th quarter. JPMorgan Chase & Co. now owns 1,781,820 shares of the company's stock valued at $6,735,000 after acquiring an additional 480,205 shares during the last quarter. EdgePoint Investment Group Inc. increased its holdings in shares of BlackBerry by 2.5% in the 4th quarter. EdgePoint Investment Group Inc. now owns 12,224,473 shares of the company's stock valued at $46,209,000 after acquiring an additional 301,678 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of BlackBerry in the 4th quarter valued at about $544,000. Hedge funds and other institutional investors own 54.48% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on BB. Canaccord Genuity Group increased their target price on BlackBerry from $4.25 to $4.60 and gave the stock a "hold" rating in a research note on Tuesday, June 24th. Royal Bank Of Canada increased their target price on BlackBerry from $3.75 to $4.00 and gave the stock a "sector perform" rating in a research note on Friday, June 20th. Wall Street Zen lowered BlackBerry from a "buy" rating to a "hold" rating in a research note on Monday, June 30th. CIBC reissued an "outperform" rating on shares of BlackBerry in a research note on Tuesday, June 24th. Finally, Robert W. Baird increased their target price on BlackBerry from $4.00 to $5.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 25th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $4.60.

View Our Latest Analysis on BlackBerry

BlackBerry Company Profile

(Get Free Report)

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.

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