Mark George Wilson Sells 7,226 Shares of BlackBerry Limited (NYSE:BB) Stock

BlackBerry Limited (NYSE:BB) CMO Mark George Wilson sold 7,226 shares of the firm’s stock in a transaction dated Saturday, September 25th. The stock was sold at an average price of $10.09, for a total value of $72,910.34. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Mark George Wilson also recently made the following trade(s):

  • On Saturday, September 25th, Mark George Wilson sold 7,226 shares of BlackBerry stock. The shares were sold at an average price of $10.09, for a total value of $72,910.34.

NYSE:BB traded down $0.35 during trading hours on Tuesday, reaching $9.79. 8,722,194 shares of the stock were exchanged, compared to its average volume of 34,079,660. The firm has a 50 day simple moving average of $10.37 and a 200-day simple moving average of $10.48. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $5.55 billion, a P/E ratio of -10.41 and a beta of 1.23. BlackBerry Limited has a 52 week low of $4.37 and a 52 week high of $28.77.

BlackBerry (NYSE:BB) last announced its quarterly earnings results on Tuesday, September 21st. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01. BlackBerry had a positive return on equity of 1.02% and a negative net margin of 61.56%. The firm had revenue of $175.00 million for the quarter, compared to analysts’ expectations of $164.28 million. During the same period in the prior year, the business posted $0.10 earnings per share. The business’s revenue was down 32.4% compared to the same quarter last year.

Several analysts have recently commented on BB shares. Zacks Investment Research raised BlackBerry from a “sell” rating to a “hold” rating and set a $15.00 price objective for the company in a research note on Wednesday, June 2nd. CIBC cut shares of BlackBerry from a “neutral” rating to an “underperform” rating and increased their price target for the company from $9.00 to $11.00 in a research report on Friday, June 25th. Canaccord Genuity raised shares of BlackBerry from a “sell” rating to a “hold” rating and set a $10.00 target price for the company in a research report on Wednesday, August 18th. TD Securities lifted their price target on shares of BlackBerry from $8.50 to $9.00 and gave the stock a “reduce” rating in a research note on Thursday, September 23rd. Finally, Raymond James reaffirmed a “market perform” rating and issued a $9.50 target price on shares of BlackBerry in a report on Thursday, September 23rd. Four equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, BlackBerry presently has an average rating of “Sell” and an average price target of $10.67.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Elephas Investment Management Ltd bought a new stake in BlackBerry during the 2nd quarter worth $7,760,000. Marshall Wace LLP grew its holdings in shares of BlackBerry by 418.5% in the second quarter. Marshall Wace LLP now owns 669,952 shares of the company’s stock valued at $8,188,000 after acquiring an additional 540,752 shares in the last quarter. Morgan Stanley grew its holdings in BlackBerry by 20.6% during the second quarter. Morgan Stanley now owns 1,690,762 shares of the company’s stock valued at $20,661,000 after purchasing an additional 288,734 shares during the period. Weiss Multi Strategy Advisers LLC lifted its position in shares of BlackBerry by 144.8% during the second quarter. Weiss Multi Strategy Advisers LLC now owns 35,266 shares of the company’s stock worth $431,000 after acquiring an additional 20,860 shares in the last quarter. Finally, Millennium Management LLC increased its position in shares of BlackBerry by 480.8% in the second quarter. Millennium Management LLC now owns 620,144 shares of the company’s stock worth $7,578,000 after purchasing an additional 513,376 shares during the last quarter. 36.16% of the stock is owned by hedge funds and other institutional investors.

About BlackBerry

BlackBerry Ltd. engages in providing the intelligent security software and services to enterprises and governments. The firm leverages artificial intelligence and machine learning to deliver solutions in the areas of cyber security, safety, data privacy solutions, and also focuses in the areas of endpoint security, endpoint management, encryption, and embedded systems.

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

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