BlackBerry (TSE:BB) Stock: Insider John Joseph Giamatteo Sells 27,004 Shares

BlackBerry Limited (TSE:BB) (NASDAQ:BBRY) insider John Joseph Giamatteo sold 27,004 shares of the stock in a transaction dated Friday, October 9th. The stock was sold at an average price of C$11.68, for a total transaction of C$315,406.72. Following the sale, the insider directly owned 792,494 shares in the company, valued at C$9,256,329.92. This represents a 3.30% decrease in their position.

John Joseph Giamatteo also recently made the following trade(s):

• On Friday, October 2nd, John Joseph Giamatteo sold 29,272 shares of BlackBerry stock. The shares were sold at an average price of C$12.85, for a total transaction of C$376,145.20.

BlackBerry Trading Down 3.1%

Shares of BB stock opened at C$11.71 on Thursday. The company has a debt-to-equity ratio of 27.92, a quick ratio of 1.49 and a current ratio of 2.38. The stock has a market capitalization of C$6.87 billion, a P/E ratio of 90.08, a price-to-earnings-growth ratio of 0.06 and a beta of 0.97. The company has a 50 day moving average price of C$11.73 and a 200 day moving average price of C$11.06. BlackBerry Limited has a fifty-two week low of C$4.35 and a fifty-two week high of C$18.45.

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

Analysts Set New Price Targets

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