BlackBerry Limited (NYSE:BB) Insider Sells $390,558.30 in Stock

BlackBerry Limited (NYSE:BBGet Rating) insider Marjorie Dickman sold 68,519 shares of the company’s stock in a transaction dated Friday, May 13th. The shares were sold at an average price of $5.70, for a total value of $390,558.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Marjorie Dickman also recently made the following trade(s):

  • On Saturday, April 2nd, Marjorie Dickman sold 16,194 shares of BlackBerry stock. The shares were sold at an average price of $6.90, for a total value of $111,738.60.

BB stock opened at $5.83 on Friday. The stock’s 50 day simple moving average is $6.49 and its 200 day simple moving average is $8.04. BlackBerry Limited has a fifty-two week low of $4.70 and a fifty-two week high of $20.17. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.27 and a current ratio of 2.27. The company has a market cap of $3.36 billion, a P/E ratio of -6.01 and a beta of 1.36.

BlackBerry (NYSE:BBGet Rating) last posted its quarterly earnings results on Thursday, March 31st. The company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.06. BlackBerry had a negative return on equity of 6.13% and a negative net margin of 60.16%. The business had revenue of $185.00 million for the quarter, compared to the consensus estimate of $186.04 million. During the same period in the prior year, the business earned $0.02 EPS. The firm’s revenue for the quarter was down 11.9% on a year-over-year basis. Equities analysts predict that BlackBerry Limited will post -0.2 earnings per share for the current year.

A number of equities research analysts have commented on BB shares. Zacks Investment Research reiterated a “hold” rating on shares of BlackBerry in a research report on Thursday, March 3rd. Canaccord Genuity Group dropped their price objective on BlackBerry from $10.00 to $7.00 and set a “buy” rating on the stock in a research note on Tuesday, February 22nd. Scotiabank dropped their price objective on BlackBerry from $7.50 to $6.50 and set an “underperform” rating on the stock in a research note on Tuesday, February 1st. Royal Bank of Canada raised BlackBerry from an “underperform” rating to a “sector perform” rating and set a $7.00 price objective on the stock in a research note on Monday, March 21st. Finally, TD Securities dropped their price objective on BlackBerry from $7.00 to $6.50 and set a “reduce” rating on the stock in a research note on Friday, April 1st. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $9.06.

A number of hedge funds have recently bought and sold shares of BB. Hardy Reed LLC acquired a new position in BlackBerry during the 1st quarter worth approximately $30,000. Pacifica Partners Inc. increased its holdings in BlackBerry by 1,900.0% during the 4th quarter. Pacifica Partners Inc. now owns 3,500 shares of the company’s stock worth $31,000 after purchasing an additional 3,325 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in BlackBerry during the 1st quarter worth approximately $33,000. HBC Financial Services PLLC increased its holdings in BlackBerry by 79,583.3% during the 4th quarter. HBC Financial Services PLLC now owns 4,781 shares of the company’s stock worth $44,000 after purchasing an additional 4,775 shares in the last quarter. Finally, MCF Advisors LLC bought a new stake in BlackBerry during the 1st quarter worth approximately $49,000. 36.14% of the stock is currently owned by institutional investors and hedge funds.

About BlackBerry (Get Rating)

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 BlackBerry Cyber Suite, which provides Cylance AI and machine learning-based cybersecurity solutions, including BlackBerry Protect, an EPP and available MTD solution; BlackBerry Optics, an EDR solution that provides visibility into and prevention of malicious activity; BlackBerry Guard, a managed detection and response solution; BlackBerry Gateway, an AI-empowered ZTNA solution; and BlackBerry Persona, a UEBA solution that provides authentication by validating user identity in real time.

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