BlackBerry (TSE:BB) Stock: Insider Philip Simon Kurtz Sells 6,164 Shares

BlackBerry Limited (TSE:BB) (NASDAQ:BBRY) insider Philip Simon Kurtz sold 6,164 shares of the business’s stock in a transaction on Friday, October 9th. The shares were sold at an average price of C$12.06, for a total value of C$74,337.84. Following the completion of the sale, the insider owned 73,109 shares of the company’s stock, valued at C$881,694.54. This trade represents a 7.78% decrease in their ownership of the stock.

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

• On Friday, October 2nd, Philip Simon Kurtz sold 4,168 shares of BlackBerry stock. The shares were sold at an average price of C$13.08, for a total value of C$54,517.44.

BlackBerry Stock Performance

Shares of TSE BB opened at C$11.71 on Thursday. The company has a debt-to-equity ratio of 27.92, a current ratio of 2.38 and a quick ratio of 1.49. The stock’s fifty day moving average price is C$11.73 and its two-hundred day moving average price is C$11.06. BlackBerry Limited has a one year low of C$4.35 and a one year high of C$18.45. The firm has a market cap of C$6.87 billion, a price-to-earnings ratio of 90.08, a P/E/G ratio of 0.06 and a beta of 0.97.

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

Analyst Ratings Changes

Separately, Stifel Nicolaus set a C$12.00 price target 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. According to MarketBeat.com, BlackBerry presently has an average rating of “Moderate Buy” and a consensus price target 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.