BigBear.ai (NYSE:BBAI) Trading Down 3.4% After Insider Selling

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s share price was down 3.4% on Thursday after an insider sold shares in the company. The stock traded as low as $4.15 and last traded at $4.29. Approximately 10,266,361 shares were traded during mid-day trading, a decline of 71% from the average daily volume of 35,461,039 shares. The stock had previously closed at $4.44.

Specifically, Director Sean Bernard Battle sold 44,813 shares of BigBear.ai stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $4.46, for a total transaction of $199,865.98. Following the completion of the sale, the director now owns 137,838 shares of the company’s stock, valued at $614,757.48. This trade represents a 24.53 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Analyst Ratings Changes

A number of equities research analysts have issued reports on BBAI shares. HC Wainwright lifted their target price on shares of BigBear.ai from $3.00 to $7.00 and gave the company a “buy” rating in a research note on Monday, December 30th. Cantor Fitzgerald reissued an “overweight” rating and set a $3.50 target price on shares of BigBear.ai in a research note on Wednesday, November 6th.

BigBear.ai Stock Down 5.1 %

The firm has a market cap of $1.06 billion, a P/E ratio of -4.63 and a beta of 3.21. The business’s fifty day moving average price is $3.24 and its two-hundred day moving average price is $2.13. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 2.08.

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Simon Quick Advisors LLC bought a new position in BigBear.ai in the 4th quarter worth $44,000. Bay Rivers Group bought a new position in BigBear.ai in the 4th quarter worth $48,000. XTX Topco Ltd raised its holdings in BigBear.ai by 57.9% in the 3rd quarter. XTX Topco Ltd now owns 61,011 shares of the company’s stock worth $89,000 after acquiring an additional 22,363 shares during the period. The Manufacturers Life Insurance Company raised its holdings in BigBear.ai by 135.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 41,073 shares of the company’s stock worth $62,000 after acquiring an additional 23,597 shares during the period. Finally, Sovereign Financial Group Inc. bought a new position in BigBear.ai in the 3rd quarter worth $36,000. Institutional investors own 7.55% of the company’s stock.

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.