BlackBerry Limited Senior Officer Sells Shares

On January 6th, 2023, Marjorie Jill Dickman, a Senior Officer at BlackBerry Limited (TSE:BB), sold 5,737 shares of the company's stock. The sale took place at an average price of C$5.76 per share, which totaled C$33,045.12. This transaction adds to her recent trading activity within the company.

Just days earlier, on January 2nd, 2023, Dickman had sold another batch of 5,558 shares at an average price of C$5.26, amounting to C$29,248.42. This trend of selling shares raises some discussion among investors and analysts.

BlackBerry Stock Performance

As of Thursday, the shares of BlackBerry opened at C$5.82. The stock has shown fluctuations with a 50-day moving average of C$4.14 and a 200-day moving average of C$3.59. Over the past year, BlackBerry's stock has reached a low of C$2.89 and a high of C$6.23, indicating some volatility in its performance.

Market Analysis and Ratings

In terms of financial metrics, BlackBerry Limited has a market capitalization of C$3.44 billion. Its price-to-earnings ratio stands at -18.77, and it features a PEG ratio of 0.06. The company's beta is noted at 1.07, reflecting its volatility compared to the market. Additionally, BlackBerry maintains a debt-to-equity ratio of 34.15, a quick ratio of 1.49, and a current ratio of 1.44.

Analysts have been revising their views on BlackBerry recently. For instance, TD Securities upgraded their rating from "hold" to "strong-buy" on December 20th, 2022, showing increased confidence in the company's future performance.

Overview of BlackBerry Limited

BlackBerry Limited is known for providing security software and services aimed at enterprises and governments globally. Its operations are divided into three main segments: Cybersecurity, IoT (Internet of Things), and Licensing and Other. The company offers a range of innovative solutions, including:

• CylanceENDPOINT - an advanced endpoint security solution.
• CylanceGUARD - a managed detection and response service.
• CylanceEDGE - an AI-driven continuous authentication solution.
• BlackBerry Dynamics - a secure development platform for mobile apps.
• BlackBerry Workspaces - a solution for secure file sharing.
• BlackBerry Messenger Enterprise - secure messaging solution.

This range of products showcases the company’s commitment to cybersecurity and innovation.

BlackBerry, Stocks, Trading