The Chief Government Affairs and Public Policy Office of BlackBerry is Exercising Options

By Carrie Williams

Yesterday it was reported that the Chief Government Affairs and Public Policy Office of BlackBerry (BBResearch Report), Marjorie Jill Dickman, exercised options to sell 16,304 BB shares for a total transaction value of $142.3K.

Following this transaction Marjorie Jill Dickman’s holding in the company was decreased by 603% to a total of $326.8K. In addition to Marjorie Jill Dickman, 3 other BB executives reported Sell trades in the last month.

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The company has a one-year high of $28.77 and a one-year low of $3.25.

Three different firms, including Canaccord Genuity and RBC Capital, currently also have a Sell rating on the stock. Based on 4 analyst ratings, the analyst consensus is Moderate Sell with an average price target of $8.66, reflecting a 5.4% upside.

The insider sentiment on BlackBerry has been negative according to 87 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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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.