BlackBerry (TSE:BB) Insider Philip Simon Kurtz Sells 4,195 Shares

BlackBerry Limited (TSE:BB) (NASDAQ:BBRY) insider Philip Simon Kurtz sold 4,195 shares of the stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of C$16.39, for a total value of C$68,756.05. Following the sale, the insider directly owned 120,664 shares of the company’s stock, valued at C$1,977,682.96. The trade was a 3.36% decrease in their ownership of the stock.

BlackBerry Stock Down 2.4%

BB stock opened at C$15.73 on Wednesday. The stock has a market cap of C$9.22 billion, a P/E ratio of 157.30, a P/E/G ratio of 0.06 and a beta of 1.16. The company has a current ratio of 2.20, a quick ratio of 1.49 and a debt-to-equity ratio of 29.45. The stock’s fifty day simple moving average is C$11.80 and its two-hundred day simple moving average is C$7.47. BlackBerry Limited has a 1-year low of C$4.35 and a 1-year high of C$18.45.

BlackBerry (TSE:BB) (NASDAQ:BBRY) last released its earnings results on Thursday, June 25th. The company reported C$0.06 EPS for the quarter. BlackBerry had a return on equity of 8.10% and a net margin of 10.32%.The company had revenue of C$210.94 million for the quarter. Analysts expect that BlackBerry Limited will post 0.0551903 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus set a C$12.00 price objective on BlackBerry and gave the company a “buy” rating in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$12.00.

Key BlackBerry News

Here are the key news stories impacting BlackBerry this week:

• Negative Sentiment: BlackBerry insider selling was broad-based, including sales by John Joseph Giamatteo, Philip Simon Kurtz, Jennifer Mary Armstrong-Owen, and several transactions by Tim Foote. The filings showed a mix of relatively small and larger share disposals, with some insiders trimming positions by meaningful percentages. Insider Selling: BlackBerry (TSE:BB) Insider Sells 2,556 Shares
• Negative Sentiment: John Joseph Giamatteo sold 28,272 shares, and Philip Simon Kurtz sold 4,195 shares, adding to the perception that company insiders are reducing exposure after the stock’s recent strong run. Insider Selling: BlackBerry (TSE:BB) Insider Sells 28,272 Shares
• Neutral Sentiment: Tim Foote disclosed multiple sales at different prices, alongside Jennifer Mary Armstrong-Owen’s sale, but these appear to be routine insider transactions rather than a company-specific operational update. BlackBerry (TSE:BB) Insider Sells 16,597 Shares

BlackBerry Company Profile

BlackBerry, once known for being the world’s largest smartphone manufacturer, is now exclusively a software provider with a stated goal of end-to-end secure communication for enterprises. The firm provides endpoint management and protection to enterprises, specializing in regulated industries like government, as well as embedded software to the automotive, medical, and industrial markets.