Insider Selling: BlackBerry Ltd (NYSE:BB) EVP Sells 9,104 Shares of Stock

BlackBerry Ltd (NYSE:BB) EVP Nita C. White-Ivy sold 9,104 shares of BlackBerry stock in a transaction on Tuesday, September 29th. The stock was sold at an average price of $4.67, for a total transaction of $42,515.68. Following the transaction, the executive vice president now directly owns 217,884 shares of the company’s stock, valued at approximately $1,017,518.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of NYSE BB traded down $0.01 during mid-day trading on Thursday, reaching $4.58. 4,967,145 shares of the company’s stock traded hands, compared to its average volume of 5,264,167. BlackBerry Ltd has a 1-year low of $2.70 and a 1-year high of $6.89. The stock has a market cap of $2.55 billion, a P/E ratio of -3.47 and a beta of 1.53. The business has a 50-day simple moving average of $4.90 and a 200 day simple moving average of $4.58.

BlackBerry (NYSE:BB) last released its quarterly earnings results on Thursday, September 24th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.09. BlackBerry had a negative net margin of 72.19% and a positive return on equity of 3.91%. The business had revenue of $259.00 million for the quarter, compared to analysts’ expectations of $239.74 million. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. As a group, sell-side analysts anticipate that BlackBerry Ltd will post -0.05 EPS for the current year.

A number of equities analysts recently weighed in on BB shares. Raymond James set a $7.50 target price on shares of BlackBerry and gave the stock a “market perform” rating in a research note on Thursday, June 25th. ValuEngine cut shares of BlackBerry from a “buy” rating to a “hold” rating in a report on Monday, August 3rd. TD Securities raised their price target on shares of BlackBerry from $5.00 to $5.50 and gave the stock a “hold” rating in a report on Friday, September 25th. Scotiabank raised their price target on shares of BlackBerry from $4.50 to $5.00 and gave the stock a “sector perform” rating in a report on Thursday, June 25th. Finally, Pi Financial restated a “neutral” rating on shares of BlackBerry in a report on Monday, June 22nd. Twelve analysts have rated the stock with a hold rating, BlackBerry currently has an average rating of “Hold” and a consensus price target of $5.80.

Institutional investors have recently added to or reduced their stakes in the stock. 1832 Asset Management L.P. boosted its holdings in BlackBerry by 141.2% during the first quarter. 1832 Asset Management L.P. now owns 6,415 shares of the company’s stock worth $26,000 after purchasing an additional 3,755 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in BlackBerry by 144.3% during the second quarter. Russell Investments Group Ltd. now owns 6,840 shares of the company’s stock worth $32,000 after purchasing an additional 4,040 shares during the last quarter. Captrust Financial Advisors purchased a new position in BlackBerry during the second quarter worth about $48,000. Mercer Global Advisors Inc. ADV purchased a new position in BlackBerry during the first quarter worth about $50,000. Finally, Engineers Gate Manager LP purchased a new position in BlackBerry during the first quarter worth about $56,000. Institutional investors and hedge funds own 46.69% of the company’s stock.

BlackBerry Company Profile

BlackBerry Limited provides enterprise software and services worldwide. The company offers BlackBerry Enterprise Mobility Suite, which combines and integrates mobile security, management, productivity, and collaboration solutions, such as BlackBerry UEM, BlackBerry Dynamics, and BlackBerry Workspaces; BlackBerry AtHoc, a networked crisis communications solution; SecuSUITE for Government, a voice encryption software solution; BlackBerry Enterprise Consulting and BlackBerry Cybersecurity Consulting services; and BBM Enterprise, an enterprise-grade instant messaging solution, as well as BlackBerry Spark Communication services.

See Also: Death Cross

Insider Buying and Selling by Quarter for BlackBerry (NYSE:BB)

Receive News & Ratings for BlackBerry Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackBerry and related companies with MarketBeat.com's FREE daily email newsletter.