BigBear.ai (NYSE:BBAI) Shares Down 3.4% on Insider Selling

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s stock price was down 3.4% during trading on Thursday after an insider sold shares in the company. The company 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 the stock in a transaction dated 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 transaction, the director now directly owns 137,838 shares of the company’s stock, valued at $614,757.48. This represents a 24.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Analyst Upgrades and Downgrades

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

BigBear.ai Stock Performance

The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 2.08. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of -4.76 and a beta of 3.21. The stock’s 50 day moving average is $3.19 and its 200 day moving average is $2.12.

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

Institutional Investors Weigh In On BigBear.ai

Several hedge funds have recently made changes to their positions in BBAI. Bank of Montreal Can increased its holdings in BigBear.ai by 6,435.7% in the 2nd quarter. Bank of Montreal Can now owns 653,570 shares of the company’s stock valued at $1,006,000 after purchasing an additional 643,570 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of BigBear.ai by 28.6% in the third quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company’s stock valued at $3,152,000 after buying an additional 479,401 shares in the last quarter. State Street Corp lifted its position in BigBear.ai by 16.8% during the 3rd quarter. State Street Corp now owns 1,864,815 shares of the company’s stock worth $2,723,000 after acquiring an additional 267,673 shares in the last quarter. Bank of New York Mellon Corp grew its position 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 acquiring an additional 189,593 shares in the last quarter. Finally, Sovereign Financial Group Inc. lifted its position in shares of BigBear.ai by 699.3% during the fourth quarter. Sovereign Financial Group Inc. now owns 199,815 shares of the company’s stock worth $889,000 after purchasing an additional 174,815 shares in the last quarter. Institutional investors and hedge funds own 7.55% of the company’s stock.

About BigBear.ai

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.