Insider Selling: BlackBerry (TSE:BB) Insider Sells C$477,600.00 in Stock

BlackBerry Limited (TSE:BB) (NASDAQ:BBRY) insider Philip Simon Kurtz sold 30,000 shares of the firm’s stock in a transaction on Tuesday, July 14th. The stock was sold at an average price of C$15.92, for a total value of C$477,600.00. Following the sale, the insider directly owned 95,158 shares in the company, valued at C$1,514,915.36. The trade was a 23.97% decrease in their position.

Philip Simon Kurtz also recently made the following trade(s):

• On Thursday, July 2nd, Philip Simon Kurtz sold 4,195 shares of BlackBerry stock. The stock was sold at an average price of C$16.39, for a total value of C$68,756.05.

BlackBerry Trading Down 1.9%

TSE BB opened at C$12.60 on Friday. The firm has a market cap of C$7.38 billion, a P/E ratio of 126.00, a P/E/G ratio of 0.06 and a beta of 1.16. The company has a debt-to-equity ratio of 29.45, a current ratio of 2.20 and a quick ratio of 1.49. The stock’s 50-day moving average is C$12.93 and its 200-day moving average is C$7.98. BlackBerry Limited has a one year low of C$4.35 and a one year high of C$18.45.

BlackBerry (TSE:BB) (NASDAQ:BBRY) last released its quarterly earnings data on Thursday, June 25th. The company reported C$0.06 earnings per share for the quarter. BlackBerry had a return on equity of 8.10% and a net margin of 10.32%.The business had revenue of C$210.94 million for the quarter. Sell-side analysts anticipate that BlackBerry Limited will post 0.0551903 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus set a C$12.00 price target on shares of BlackBerry and gave the company a “buy” rating in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$12.00.

BlackBerry Company Profile

BlackBerry (NYSE:BB)(TSX:BB) provides enterprises and governments the intelligent software and services that power the world around us. Based in Waterloo, Ontario, the company’s high-performance foundational software enables major automakers and industrial giants alike to unlock transformative applications, drive new revenue streams and launch innovative business models, all without sacrificing safety, security, and reliability. With a deep heritage in Secure Communications, BlackBerry delivers operational resiliency with a comprehensive, highly secure, and extensively certified portfolio for mobile fortification, mission-critical communications, and critical events management.