Yesterday it was reported that the Divisional Executive Vice-President of BlackBerry (BB – Research Report), Sai Yuen (Billy) Ho, exercised options to sell 8,230 BB shares for a total transaction value of $38.52K.
Following this transaction Sai Yuen (Billy) Ho’s holding in the company was decreased by 7% to a total of $950.7K. In addition to Sai Yuen (Billy) Ho, 7 other BB executives reported Sell trades in the last month.
Based on BlackBerry’s latest earnings report for the quarter ending August 31, the company posted quarterly revenue of $259 million and GAAP net loss of -$23,000,000. In comparison, last year the company earned revenue of $244 million and had a GAAP net loss of $44 million. The Company has a Price to Book ratio of 12.05.
Based on 3 analyst ratings, the analyst consensus is Hold with an average price target of $6.01, reflecting a -23.0% downside.
The insider sentiment on BlackBerry has been negative according to 63 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Sai Yuen (Billy) Ho’s trades have generated a 5.9% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
BlackBerry Ltd. engages in the provision of enterprise software and services, which focuses on securing and managing Internet of Things endpoints. It offers a platform comprised of communication and collaboration software and safety-certified embedded solutions. The company was founded by Michael Lazaridis, James Laurence Balsillie, and Douglas E. Fregin on March 7, 1984 and is headquartered in Waterloo, Canada.