BlackBerry (TSE:BB) Insider Jennifer Mary Armstrong-Owen Sells 3,379 Shares of Stock

BlackBerry Limited (TSE:BB) (NASDAQ:BBRY) insider Jennifer Mary Armstrong-Owen sold 3,379 shares of the stock in a transaction that occurred on Friday, October 9th. The stock was sold at an average price of C$11.68, for a total transaction of C$39,466.72. Following the sale, the insider directly owned 113,904 shares of the company’s stock, valued at approximately C$1,330,398.72. This trade represents a 2.88% decrease in their position.

Jennifer Mary Armstrong-Owen also recently made the following trade(s):

• On Friday, October 2nd, Jennifer Mary Armstrong-Owen sold 2,590 shares of BlackBerry stock. The shares were sold at an average price of C$12.85, for a total transaction of C$33,281.50.

BlackBerry Trading Down 4.9%

TSE BB opened at C$12.09 on Wednesday. The firm has a market capitalization of C$7.10 billion, a price-to-earnings ratio of 93.00, a PEG ratio of 0.06 and a beta of 0.97. The company has a debt-to-equity ratio of 27.92, a quick ratio of 1.49 and a current ratio of 2.38. BlackBerry Limited has a one year low of C$4.35 and a one year high of C$18.45. The company’s 50 day moving average price is C$11.74 and its 200 day moving average price is C$11.01.

BlackBerry (TSE:BB) (NASDAQ:BBRY) last announced its quarterly earnings results on Thursday, September 24th. The company reported C$0.10 earnings per share for the quarter. BlackBerry had a net margin of 13.11% and a return on equity of 10.66%. The firm had revenue of C$219.02 million for the quarter. On average, sell-side analysts predict that BlackBerry Limited will post 0.06 EPS for the current year.

Analyst Ratings Changes

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