BlackBerry Limited (TSE:BB – Get Rating) (NASDAQ:BBRY) Senior Officer Marjorie Jill Dickman sold 63,519 shares of the stock in a transaction that occurred on Friday, May 13th. The stock was sold at an average price of C$7.41, for a total value of C$470,675.79.
Shares of BB traded down C$0.09 during mid-day trading on Monday, hitting C$7.46. The company’s stock had a trading volume of 631,335 shares, compared to its average volume of 2,598,788. The company has a current ratio of 2.63, a quick ratio of 2.23 and a debt-to-equity ratio of 38.63. The firm has a 50-day simple moving average of C$8.22 and a 200 day simple moving average of C$10.17. The firm has a market capitalization of C$4.31 billion and a P/E ratio of -18.72. BlackBerry Limited has a 1-year low of C$6.13 and a 1-year high of C$24.35.
A number of research firms have weighed in on BB. TD Securities decreased their price objective on BlackBerry to C$9.00 and set a “reduce” rating for the company in a research report on Tuesday, February 1st. Royal Bank of Canada reaffirmed a “hold” rating and set a C$7.00 price objective on shares of BlackBerry in a research report on Friday, April 1st. Raymond James decreased their price objective on BlackBerry from C$9.50 to C$8.00 and set a “market perform” rating for the company in a research report on Friday, April 1st. Finally, Zacks Investment Research reaffirmed a “hold” rating on shares of BlackBerry in a research report on Thursday, March 3rd. Two investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Based on data from MarketBeat, BlackBerry presently has an average rating of “Hold” and a consensus target price of C$9.75.
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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