BigBear.ai (NYSE:BBAI) Trading Down 6.3% Following Insider Selling

BigBear.ai Holdings, Inc. (NYSE:BBAI) fell 6.3% on Friday after an insider sold shares in the company. The company traded as low as $3.84 and last traded at $4.17. 43,866,538 shares changed hands during trading, an increase of 305% from the average session volume of 10,826,526 shares. The stock had previously closed at $4.45.

Specifically, CEO Amanda Long sold 200,000 shares of the company’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $4.25, for a total transaction of $850,000.00. Following the completion of the transaction, the chief executive officer now directly owns 2,583,254 shares in the company, valued at approximately $10,978,829.50. This represents a 7.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. HC Wainwright restated a “buy” rating and set a $3.00 price objective on shares of BigBear.ai in a research report on Wednesday, November 6th. Cantor Fitzgerald reissued an “overweight” rating and set a $3.50 price target on shares of BigBear.ai in a research note on Wednesday, November 6th.

BigBear.ai Price Performance

The stock has a market cap of $1.05 billion, a P/E ratio of -4.63 and a beta of 3.58. The company’s 50 day moving average price is $2.38 and its 200-day moving average price is $1.79. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 2.08.

BigBear.ai (NYSE:BBAI) last announced its earnings results on Tuesday, November 5th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.02. BigBear.ai had a negative return on equity of 138.35% and a negative net margin of 109.90%. The business had revenue of $41.51 million during the quarter, compared to analyst estimates of $45.04 million. During the same period last year, the company earned $0.03 EPS. BigBear.ai’s revenue for the quarter was up 22.1% compared to the same quarter last year. As a group, sell-side analysts expect that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current year.

Institutional Trading of BigBear.ai

Several institutional investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can lifted its position in shares of BigBear.ai by 6,435.7% in the 2nd quarter. Bank of Montreal Can now owns 653,570 shares of the company’s stock worth $1,006,000 after purchasing an additional 643,570 shares during the period. Geode Capital Management LLC increased its position in shares of BigBear.ai by 28.6% during the third quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company’s stock worth $3,152,000 after buying an additional 479,401 shares during the period. State Street Corp raised its stake in BigBear.ai by 16.8% during the third quarter. State Street Corp now owns 1,864,815 shares of the company’s stock worth $2,723,000 after buying an additional 267,673 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in BigBear.ai by 160.5% in the second quarter. Bank of New York Mellon Corp now owns 307,692 shares of the company’s stock valued at $465,000 after buying an additional 189,593 shares during the period. Finally, Barclays PLC boosted its position in BigBear.ai by 310.3% during the third quarter. Barclays PLC now owns 141,766 shares of the company’s stock valued at $208,000 after acquiring an additional 107,214 shares during the last quarter. 7.55% of the stock is currently owned by institutional investors.

BigBear.ai Company Profile

BigBear.ai Holdings, Inc provides artificial intelligence-powered decision intelligence solutions. It offers national security, supply chain management, and digital identity and biometrics solutions. The company also provides data ingestion, data enrichment, data processing, artificial intelligence, machine learning, predictive analytics, and predictive visualization solutions and services.